N.D. Admin. Code 45-06-05.1-29

Current through Supplement No. 393, July, 2024
Section 45-06-05.1-29 - 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 times the amount of any commissions paid for each policy involved in the violation or up to ten thousand dollars, whichever is greater.

N.D. Admin Code 45-06-05.1-29

Effective March 1, 2004.

General Authority: NDCC 28-32-02

Law Implemented: NDCC 26.1-45