18 Del. Admin. Code § 1214-6.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 1214-6.0 - Compliance Mitigation; Penalties; Enforcement

6.1 An insurer is responsible for compliance with this regulation. If a violation occurs, either because of the action or inaction of the insurer or its producer, the Commissioner may order:

6.1.1 An insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this regulation by the insurer; an entity contracted to perform the insurer's supervisory duties or by the producer;

6.1.2 A general agency, independent agency or the producer to take reasonably appropriate corrective action for any consumer harmed by the producer's violation of this regulation; and

6.1.3 Appropriate penalties and sanctions.

6.2 Any applicable penalty under 18 Del.C. Chapters 3, 17 or 23 for a violation of this regulation may be reduced or eliminated if corrective action for the consumer was taken promptly after a violation was discovered or the violation was not part of a pattern or practice.

6.3 The authority to enforce compliance with this regulation is vested exclusively with the Commissioner.

18 Del. Admin. Code § 1214-6.0

24 DE Reg. 798 (2/1/2021) (final)