§ 58-56B-40. (Effective October 1, 2026) Penalties.
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§ 58-56B-40. (Effective October 1, 2026) Penalties.
(a)Financial Penalty. - Any PSAO that fails to comply with the provisions of this Article, as determined by the Commissioner, shall pay a penalty of five hundred dollars ($500.00) per day from the day the Commissioner notifies the PSAO of noncompliance until the Commissioner determines the applicable provision is met.
(b)Impact on Licensure. - Failure to comply with this Article may be grounds for revocation or nonrenewal of a license under this Article, as determined by the Commissioner.
(c)Unfair Trade. - A violation of any of the following provisions of this Article is an unfair trade practice under Article 63 of this Chapter and under G.S. 75-1.1:
(1)G.S. 58-56B-10.
(2)G.S. 58-56B-15.
(3)G.S. 58-56B-20.
(4)G.S. 58-56B-30.
(5)G.S. 58-56B-35. (2025-69, s. 2.1.)