Ala. Admin. Code r. 482-1-132-.11

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-132-.11 - Penalties

An insurer or its officer, directors, producers or employees that violate any of the provisions of this chapter, or knowingly participate in or abet such violation, shall be subject to a fine up to $1000 for each violation and suspension or revocation of its certificate of authority or license.

Author: Commissioner of Insurance

New Rule: Filed May 25, 2004; effective January 1, 2005. Filed with LRS June 3, 2004. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17.