An insurer or its officer, directors, producers or employees that violate any of the provisions of this chapter, or knowingly participate in or abet such violation, shall be subject to a fine up to $1000 for each violation and suspension or revocation of its certificate of authority or license.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-2-17.

History: New Rule: Filed May 25, 2004; effective January 1, 2005. Filed with LRS June 3, 2004. Rule is not subject to the Alabama Administrative Procedure Act.