56-51-140 - Administrative penalty in lieu of suspension or revocation. - Tennessee Statutes

56-51-140. Administrative penalty in lieu of suspension or revocation.

In lieu of suspending or revoking a certificate of authority, or when no penalty is specifically provided, whenever any prepaid limited health service organization or other person, corporation, partnership, or entity subject to this act has been found to have violated any provision of this chapter, the department may:

     (1)  Issue and cause to be served upon the organization, person, or entity charged with the violation a copy of the findings and an order requiring the organization, person, or entity to cease and desist from engaging in the act or practice that constitutes the violation; and

     (2)  Impose a monetary penalty of not less than one hundred dollars ($100) for each violation, but not to exceed an aggregate penalty of one hundred thousand dollars ($100,000).

[Acts 2000, ch. 948, § 40.]