Current through the 2023 Regular Session
Section 33-1-1211 - Administrative or civil penalties(1) If, after a hearing conducted under 33-1-701, the commissioner determines that a person has committed administrative or civil insurance fraud, the commissioner may: (a) impose any penalty provided for in 33-1-317; or(b) require the person to pay the costs of the proceeding.(2) In addition to any other penalties, the commissioner shall require a person who commits administrative or civil insurance fraud to make restitution to the insurer or to any other person for all financial loss sustained as a result of the insurance fraud.Amended by Laws 2017, Ch. 396,Sec. 16, eff. 5/19/2017.En. Sec. 8, Ch. 237, L. 1995.