Failure to correct breaches; additional penalties

Sec. 10. If: (1) a breach is not corrected within the time fixed by the order of correction or is not corrected within the time fixed by the plan of correction; and (2) an extension has not been granted under section 9 of this chapter; the commissioner may find a new breach that may be subject to the imposition of additional penalties as the class would warrant. [Pre-1993 Recodification Citation: 16-10-4-17(f).] As added by P.L.2-1993, SEC.11.