TITLE 41

INSURANCE

CHAPTER 46

LONG-TERM CARE INSURANCE ACT

41-4611.  Penalties. In addition to any other penalties provided by the laws of this state, any insurer and any agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three (3) times the amount of any commissions paid for each policy involved in the violation or up to ten thousand dollars ($10,000), whichever is greater.

History:

[41-4611, added 1999, ch. 98, sec. 2, p. 311.]