§ 23-66-211 - Penalty for violation of cease and desist orders. - Arkansas Statutes

23-66-211. Penalty for violation of cease and desist orders.

Any person who violates a cease and desist order of the Insurance Commissioner under 23-66-210 while the order is in effect may, after notice and hearing upon order of the commissioner, be subject at the discretion of the commissioner to any one (1) or more of the following:

(1) A monetary penalty of not more than ten thousand dollars ($10,000) for each and every act of violation; or

(2) Suspension or revocation of that person's license.