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§ 154.8. Cease and desist order; suspension of certificate; civil penalty; judicial review.
(1) If, after a hearing pursuant to Section 154.7, the Director finds that company has engaged in an improper claims practice, he shall order such company to cease and desist from such practices and, in the exercise of reasonable discretion, may suspend the company's certificate of authority for a period not to exceed 6 months or impose a civil penalty of up to $250,000, or both. Pursuant to Section 401, the Director shall adopt reasonable rules establishing standards for the implementation of this Section.
(2) Any order of the Director pursuant to this Section is subject to judicial review under Section 407 of this Code.
Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 5/154.8. Cease and desist order; suspension of certificate; civil penalty; judicial review - last updated January 01, 2019 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-5-154-8/
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