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Indiana Code Title 27. Insurance § 27-1-16.1-15

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 15. (a) This section supplements and does not limit the actions that may be taken by the commissioner for a violation under IC 27-1-15.6.

(b) If a self-storage facility or an employee or authorized representative of a self-storage facility violates this chapter, the commissioner may do any of the following:

(1) After notice and hearing, impose on the self-storage facility a civil penalty of at least fifty dollars ($50) and not more than ten thousand dollars ($10,000).

(2) After notice and hearing, impose other penalties that the commissioner considers necessary and reasonable, including:

(A) suspending the privilege of transacting self-storage insurance under this chapter at specific self-storage facility locations where violations have occurred;  and

(B) suspending or revoking the ability of an individual employee or authorized representative to act under the self-storage facility's limited lines producer's license.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-16.1-15 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-16-1-15/

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