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ARKANSAS STATUTES AND CODES
§ 23-97-321 - Penalties.
23-97-321. Penalties.
In addition to any other penalties provided by the laws of this state, any insurer or agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of long-term care insurance is subject to the greater of:
(1) A fine of up to three (3) times the amount of any commissions paid for each policy involved in the violation; or
(2) A fine of up to ten thousand dollars ($10,000).
In addition to any other penalties provided by the laws of this state, any insurer or agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of long-term care insurance is subject to the greater of:
(1) A fine of up to three (3) times the amount of any commissions paid for each policy involved in the violation; or
(2) A fine of up to ten thousand dollars ($10,000).
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