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Current as of January 02, 2024 | Updated by FindLaw Staff
Sec. 9. (a) If:
(1) an insurer (as defined in IC 27-1-2-3(x));
(2) a health maintenance organization (as defined in IC 27-13-1-19);
(3) a preferred provider plan (as defined in IC 27-8-11-1(g)); or
(4) any other person;
violates this chapter, the insurance commissioner may enter an order requiring the person to cease and desist from violating this chapter.
(b) If a person violates a cease and desist order issued under subsection (a), the insurance commissioner, after notice and hearing under IC 4-21.5, may:
(1) impose a civil penalty upon the person of not more than ten thousand dollars ($10,000) for each day of violation;
(2) suspend or revoke the person's certificate of authority, if the person holds a certificate of authority under this title; or
(3) both impose a civil penalty upon the person under subdivision (1) and suspend or revoke the person's certificate of authority under subdivision (2).
Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-7-17.5-9 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-7-17-5-9/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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