33-1-1211. Administrative or civil penalties.
95 words·~1 min read·
/mt/title-33/chapter-1/part-12/33-1-1211·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-1-1211 . Administrative or civil penalties.
(1)If, after a hearing conducted under 33-1-701 , the commissioner determines that a person has committed administrative or civil insurance fraud, the commissioner may:
(a)impose any penalty provided for in 33-1-317 ; or
(b)require the person to pay the costs of the proceeding.
(2)In addition to any other penalties, the commissioner shall require a person who commits administrative or civil insurance fraud to make restitution to the insurer or to any other person for all financial loss sustained as a result of the insurance fraud.