Penalty generally
Applied in 1 court decision — leading case Northwestern National Life Insurance v. Heslip (1992)
Most recently applied in Northwestern National Life Insurance v. Heslip (May 1992)
Acts 1959, No. 148, § 15; A.S.A. 1947, § 66-2015; Acts 2009, No. 726, § 4; 2019, No. 315, § 2609.
Unless a greater penalty is provided by another law of this state, a violation of a statute or rule enforceable by the Insurance Commissioner is punishable:
(1) By the refusal, suspension, revocation, or nonrenewal of a license or certificate of authority; and
(2) A fine no greater than one thousand dollars ($1,000) per violation, not to exceed fifty thousand dollars ($50,000) in any six-month period.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.