Section 1497 - Penalties and liabilities1. Penalties. If the superintendent finds after a hearing conducted in accordance with section 229 that any person has violated any provision of this subchapter, the superintendent may order: A. For each separate violation, any penalty provided for by section 12-A; [1997, c. 573, §1(NEW); 1997, c. 573, §2(AFF).]B. Revocation or suspension of the producer's license or the insurer's certificate of authority; and [1997, c. 573, §1(NEW); 1997, c. 573, §2(AFF).]C. The MGA to reimburse the insurer, the rehabilitator or liquidator of the insurer for any losses incurred by the insurer caused by a violation of this subchapter committed by the MGA. [1997, c. 573, §1(NEW); 1997, c. 573, §2(AFF).] [1997, c. 573, §1(NEW); 1997, c. 573, §2(AFF).]
2. Effect of order. The decision, determination or order of the superintendent pursuant to subsection 1 is subject to judicial review as provided by section 236. [1997, c. 573, §1(NEW); 1997, c. 573, §2(AFF).]
3. Penalties. Nothing contained in this section affects the right of the superintendent to impose any other penalties provided for in this Title. [1997, c. 573, §1(NEW); 1997, c. 573, §2(AFF).]
4.Rights of others. Nothing contained in this subchapter limits or restricts the rights of policyholders, claimants and auditors. [1997, c. 573, §1(NEW); 1997, c. 573, §2(AFF).]
1997, c. 573, § 1 (NEW) . 1997, c. 573, § 2 (AFF) .