760 IAC 2-19-2 Other sanctions

Sec. 2. In addition to any other sanction provided under the laws or rules of this state, the commissioner may impose a penalty against the insurance producer who has violated the laws or rules. The penalty shall be the greater of the following: (1) Three (3) times the amount of the commissions paid for each policy involved in the violation. (2) Two thousand five hundred dollars ($2,500).