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R.I. Gen. Laws § 27-71-11

Fines and penalties

Known as the Market Conduct Surveillance Act

The act spans §§ 27–27 (15 sections).

P.L. 2008, ch. 72, § 1; P.L. 2008, ch. 233, § 1.

(a) Fines and penalties levied pursuant to this chapter or other provisions of the general laws shall be consistent, reasonable, and justified.

(b) The commissioner shall take into consideration actions taken by insurers that maintain membership in best-practice organizations that exist to promote high ethical standards of conduct in the marketplace, and insurers that self-assess, self-report, and remediate problems detected to mitigate fines levied pursuant to this chapter.

Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.