§ 27-54-2 - Civil penalties. - Rhode Island Statutes

SECTION 27-54-2

   § 27-54-2  Civil penalties. – In addition to the criminal penalties set forth in § 27-54-1, the attorneygeneral or the director or his or her designee may bring a civil action againstany person who engages in conduct constituting an offense under this chapterand, upon proof of that conduct by a preponderance of the evidence, the personshall be subject, for each violation, to a civil penalty not exceeding fiftythousand dollars ($50,000) or the amount of damages caused by that conduct,whichever is greater. If the insurance company is placed in conservation,rehabilitation, or liquidation, the conservator or receiver shall also beentitled to bring a civil action, and the penalty shall be paid to theconservator or receiver for the benefit of the policyholders, claimants, andcreditors of the insurer. The imposition of a civil penalty under thissubsection does not preclude any other criminal or civil statutory, common law,or administrative remedy, which is available by law to the state of RhodeIsland or any other person.