Sec. 12. (a) The department may enforce the requirements of this chapter to the extent permissible under applicable law.
(b) A violation of this chapter is an unfair or deceptive act or practice in the business of insurance under IC 27-4-1-4.
(c) The department may adopt rules under IC 4-22-2 that:
(1) provide for the enforcement of this chapter; and
(2) set forth fines for violations of this chapter.