Sec. 9. (a) If:
(1) an insurer (as defined in IC 27-1-2-3(x));
(2) a health maintenance organization (as defined in IC 27-13-1-19);
(3) a preferred provider plan (as defined in IC 27-8-11-1(g)); or
(4) any other person;
violates this chapter, the insurance commissioner may enter an order requiring the person to cease and desist from violating this chapter.
(b) If a person violates a cease and desist order issued under subsection (a), the insurance commissioner, after notice and hearing under IC 4-21.5, may:
(1) impose a civil penalty upon the person of not more than ten thousand dollars ($10,000) for each day of violation;
(2) suspend or revoke the person's certificate of authority, if the person holds a certificate of authority under this title; or
(3) both impose a civil penalty upon the person under subdivision (1) and suspend or revoke the person's certificate of authority under subdivision (2).