Ill. Admin. Code tit. 50, § 2012.150 - Penalties

Current through Register Vol. 46, No. 15, April 8, 2022

In addition to any other penalties provided by the laws of this State any insurer or any insurance producer found to have violated any requirement of this State relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to 3 times the amount of any commissions paid for each policy involved in the violation or up to $10,000, whichever is greater.

Notes

Ill. Admin. Code tit. 50, § 2012.150

Amended at 32 Ill. Reg. 7600, effective May 5, 2008

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