Penalties; Suspension and Revocation

Act 285 of 1921, § 1013, under "INSURANCE DEPARTMENT ACT OF 1921, THE".

Act 285 of 1921, § 1013

Section 1013. Penalties; Suspension and Revocation.--(a) Failure to hold a license shall subject the administrator to a civil penalty of not less than one thousand dollars ($1,000) nor more than five thousand dollars ($5,000) for each instance of unlicensed activity.

(b) After notice and hearing, the commissioner may do any one or more of the following:

(1) Suspend, revoke or refuse to renew the license of an administrator.

(2) Impose a civil penalty on an administrator of not more than five thousand dollars ($5,000) for each violation.

(3) Order restitution upon finding that the administrator violated any of the requirements of this act or regulations or the administrator is not competent, trustworthy, financially responsible or of good personal and business reputation. All proceedings shall be pursuant to 2 Pa.C.S. (relating to administrative law and procedure).

(1013 added Dec. 12, 1994, P.L.1035, No.141)