507A.10  Cease and desist order -- civil penalty.

Upon a determination by the commissioner, after a hearing conducted pursuant to chapter 17A, that a person or insurer has violated a provision of this chapter, the commissioner shall reduce the findings of the hearing to writing and deliver a copy of the findings to the person or insurer, may issue an order requiring the person or insurer to cease and desist from engaging in the conduct resulting in the violation, and may assess a civil penalty of not more than fifty thousand dollars against the person or insurer.

Section History: Early form

  [C71, 73, 75, 77, 79, 81, § 507A.10; 81 Acts, ch 165, § 2]

Section History: Recent form

  95 Acts, ch 185, §5


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