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West Virginia Code Chapter 33. Insurance § 33-11-8. Penalty for violation of cease and desist orders

Current as of January 01, 2024 | Updated by Findlaw Staff

If, after notice and hearing, the commissioner determines that any person has violated a cease and desist order issued by the commissioner and which such order is still in effect, the commissioner may at his discretion order any one or more of the following:

(a) Require the payment to the State of West Virginia of a penalty in a sum not exceeding ten thousand dollars for each and every act or violation.

(b) Revoke or suspend the license of such person.

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Cite this article: FindLaw.com - West Virginia Code Chapter 33. Insurance § 33-11-8. Penalty for violation of cease and desist orders - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-33-insurance/wv-code-sect-33-11-8/

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