Section 710-18 - Violations(a) A person or organization shall not wilfully withhold information affecting the rates or premiums chargeable under this article from or knowingly give false or misleading information to the commissioner, a statistical agency designated by the commissioner or an advisory organization. A violation of this section shall be punishable under subsection (b).(b) Upon satisfactory evidence of a violation of any section of this article by any person or insurer, one (1) or more of the following penalties may be imposed at the commissioner's discretion:(1) Suspension or revocation of a license.(2) Refusal for a period not to exceed one (1) year to issue a new license to the offending insurer or other persons.(3) A fine of not more than five thousand dollars ($5,000) for a violation of this article.(4) A fine of not more than ten thousand dollars ($10,000) for a wilful violation of this article.(5) A fine of not more than ten thousand dollars ($10,000) for a violation of subsection (a).(6) A fine of not more than twenty-five thousand dollars ($25,000) for a wilful violation of section 516-A.(c) Fines imposed against an individual insurer under this article shall not exceed five hundred thousand dollars ($500,000) in the aggregate during a single calendar year.1921, May 17, P.L. 682, No. 284, art. V-A, § 518-A, added 1998, Dec. 21, P.L. 1108, No. 150, § 3, effective in 60 days.