If, after a hearing, the director or his designee determines that a method of competition or an act or practice is unfair or deceptive as defined in this title and that the person complained of has engaged in the method of competition, act, or practice in violation of this title, he shall reduce his finding to writing and shall issue and cause to be served upon the person charged with the violation:
(1) an order requiring the person to cease and desist from engaging in the method of competition, act, or practice; and(2) an order imposing penalties provided in Section 38-2-10.1993 Act No. 181, Section 711; 1988 Act No. 374, Section 29; 1964 (53) 2293] recodified as Section 38-57-200 by 1987 Act No. 155, Section 1; 1962 Code Section 37-1224; 1952 Code Section 37-1210; Former 1976 Code Section 38-55-240 [1947 (45) 322; 1978 Act No. 585, Section 17] recodified as Section 23-9-450 by 1987 Act No. 155, Section 1; 1962 Code Section 37-1167; 1952 Code Section 37-1167; Former 1976 Code Section 38-57-200 [1947 (45) 322.