Current through October 31, 2024
Section 1003.1110 - Amount of penaltiesThe OIG may impose a penalty of not more than-
(a) $5,000 for each individual violation of § 1003.1100(a), (b), or (c) .(b) $25,000 for each individual violation of § 1003.1100(d), (e), or (f) by a seller who is also the issuer of the policy; and(c) $15,000 for each individual violation of § 1003.1100(d), (e), or (f) by a seller who is not the issuer of the policy. 81 FR 88362 , Dec. 7, 2016, as amended at 88 FR 42841 , July 3, 2023 81 FR 88362 , 1/6/2017; 88 FR 42841 , 8/2/2023