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District of Columbia Code Division V. Local Business Affairs § 31-5031.21. Penalties and liabilities.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If the Commissioner determines that the title insurer or any other person has violated this chapter, or any rule or order promulgated under this chapter, after notice and opportunity to be heard, the Commissioner may order:

(1) A penalty not exceeding $2,500 for the 1st violation;

(2) A penalty not exceeding $5,000 for each successive violation; and

(3) Revocation or suspension of the title insurer's license.

(b) This section shall affect the right of the Commissioner to impose any other penalties provided for in any acts relating to insurance which are codified in this title.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 31-5031.21. Penalties and liabilities. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-31-5031-21/

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