Penalties

08 V.S.A. ch. 138, § 5039, under Chapter 138: Non-Admitted Insurers and Surplus Lines Insurance.

08 V.S.A. ch. 138, § 5039

§ 5039. Penalties

In addition to any other penalty provided for in this chapter or otherwise provided by law, including any suspension, revocation, or refusal to renew a license, any person, firm, association, or corporation violating any provision of this chapter shall be liable for an administrative penalty not exceeding $1,000.00 for the first offense and not exceeding $2,500.00 for each succeeding offense. (Added 1979, No. 50, § 2; amended 1995, No. 167 (Adj. Sess.), § 22.)