Ill. Admin. Code tit. 50, § 3120.70 - Compliance Mitigations; Penalties

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

a) An insurer is responsible for compliance with this Part. If a violation occurs, either because of the action or inaction of the insurer or its insurance producer, the Director may order:
1) An insurer to take reasonably appropriate corrective action for any consumer harmed by the insurer's, or by its insurance producer's, violation of this Part;
2) A general agency, an independent agency or the insurance producer to take reasonably appropriate corrective action for any consumer harmed by the insurance producer's violation of this Part; and
3) Appropriate penalties and sanctions, including, but not limited to, those set forth in Section 3120.90 of this Part. b) Any applicable penalty for a violation of this Part may be reduced or eliminated at the sole discretion of the Director if corrective action for the consumer was taken promptly after a violation was discovered or the violation was not part of a pattern or practice.

Notes

Ill. Admin. Code tit. 50, § 3120.70

Renumbered from Section 3120.60 and amended at 35 Ill. Reg. 16087, effective September 26, 2011

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