Insurance Law 2707 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 2705 Reports from insurers up ARTICLE 27 Holocaust Victims Insurance Act of 1998 next SECTION 2708 Application of section four thousand two hundred twenty-four Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 2707 Penalty Insurance (ISC) CHAPTER 28, ARTICLE 27 § 2707. Penalty. In addition to any other penalty prescribed by this article or any other provision of this chapter, any insurer or person who violates the provisions of this article will be subject to a civil penalty of up to one thousand dollars for each day each such violation continues except that, if the superintendent finds that such violation has been willful, such insurer shall be fined an amount that the superintendent deems appropriate based on the degree of willful misconduct and the nature of the violation.