20-1097.09. Liability of corporation; civil penalty
189 words·~1 min read·
/az/title-20/20-1097-09A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Notwithstanding section 20-1097.13, subsection C, if after a hearing the director finds that an insurance producer or salesperson of a corporation authorized to sell prepaid legal insurance contracts has made wilful misrepresentations, the director may impose a civil penalty on the prepaid legal insurance corporation of not more than one hundred thousand dollars for each wilful misrepresentation.
B. Notwithstanding section 20-1097.13, subsection C, if after a hearing the director finds that an insurance producer or salesperson of a corporation authorized to sell prepaid legal insurance contracts has made negligent misrepresentations, the director may impose a civil penalty on the prepaid legal insurance corporation of not more than ten thousand dollars for each misrepresentation.
C. No order of the director pursuant to this section or order of the court to enforce it, or the holding of a hearing, may in any manner relieve or absolve any person affected by the order or hearing from any other liability, penalty or forfeiture under law.
D. Any monies collected from any civil penalty imposed pursuant to this section shall be deposited, pursuant to sections 35-146 and 35-147, in the state general fund.