Section 5. Penalties.
(a) General rule.--Upon satisfactory evidence of a violation of this act 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 act.
(4) Impose a civil penalty of not more than $10,000 for each action in willful violation of this act.
(b) Limitation.--Penalties imposed against a person under this act shall not exceed $500,000 in the aggregate during a single calendar year.