1. (a) If a person violates this chapter, the insurance commissioner may enter an order requiring the person to cease and desist from violating this chapter.

2. (b) If a person violates a cease and desist order issued under subsection (a), the insurance commissioner, after notice and hearing under IC 4-21.5 , may:

   1. (1) impose a civil penalty upon the person of not more than ten thousand dollars ($10,000) for each day of violation;
   2. (2) suspend or revoke the person's certificate of authority, if the person holds a certificate of authority under this title; or
   3. (3) both impose a civil penalty upon the person under subdivision
   4. (1) and suspend or revoke the person's certificate of authority under subdivision (2).

As added by P.L.17-2024, SEC.19.