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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If the commissioner determines that the title insurer has violated this chapter, or any regulation or order promulgated thereunder, after notice and opportunity to be heard, the commissioner may order:
(1) A penalty pursuant to § 42-14-16 for each violation; and
(2) Revocation or suspension of the title insurer's license.
(b) Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided for in the insurance code.
(c) Nothing contained in this chapter is intended to or shall in any manner limit or restrict the rights of policyholders, claimants and creditors.
Cite this article: FindLaw.com - Rhode Island General Laws Title 27. Insurance § 27-2.6-19. Penalties and liabilities - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-27-insurance/ri-gen-laws-sect-27-2-6-19/
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 before relying on it for your legal needs.
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