Penalties

Act 284 of 1921, § 605-B, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 605-B

Section 605-B. Penalties.

(a) General rule.--Upon satisfactory evidence of a violation of this article by any insurer or other person, the commissioner may, in the commissioner's discretion, pursue any one of the following courses of action:

(1) Suspend, revoke or refuse to renew the license of the offending person.

(2) Enter a cease and desist order.

(3) Impose a civil penalty of not more than $5,000 for each action in violation of this article.

(4) Impose a civil penalty of not more than $10,000 for each action in willful violation of this article.

(b) Limitation.--Penalties imposed against a person under this article and under section 5 of the act of June 25, 1997 (P.L.295, No.29), known as the Pennsylvania Health Care Insurance Portability Act, shall not exceed $500,000 in the aggregate during a single calendar year.

(605-B added Mar. 22, 2010, P.L.147, No.14)