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Pennsylvania Statutes Title 40 P.S. Insurance § 710-18. Violations

Current as of January 01, 2022 | Updated by FindLaw Staff

(a) A person or organization shall not wilfully  1 withhold information affecting the rates or premiums chargeable under this article from or knowingly give false or misleading information to the commissioner, a statistical agency designated by the commissioner or an advisory organization. A violation of this section shall be punishable under subsection (b).

(b) Upon satisfactory evidence of a violation of any section of this article by any person or insurer, one (1) or more of the following penalties may be imposed at the commissioner's discretion:

(1) Suspension or revocation of a license.

(2) Refusal for a period not to exceed one (1) year to issue a new license to the offending insurer or other persons.

(3) A fine of not more than five thousand dollars ($5,000) for a violation of this article.

(4) A fine of not more than ten thousand dollars ($10,000) for a wilful violation of this article.

(5) A fine of not more than ten thousand dollars ($10,000) for a violation of subsection (a).

(6) A fine of not more than twenty-five thousand dollars ($25,000) for a wilful violation of section 516-A.

(c) Fines imposed against an individual insurer under this article shall not exceed five hundred thousand dollars ($500,000) in the aggregate during a single calendar year.

1 “willfully” in enrolled bill.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 710-18. Violations - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-710-18/

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