Authority: IC 27-1-6-21

Affected: IC 27-1-6

Sec. 3. The amount of a fine or civil penalty may be adjusted downward from the base amount set forth in section 5 of this rule to reflect particular mitigating factors. The commissioner may consider the following factors:

(1) The person's good faith efforts to comply or prevent the violation.

(2) Existence of written policies governing the conduct.

(3) Cooperation with the commissioner in addressing the violation.

(4) The person's history of compliance.

(5) Remedial or corrective action taken by the person.

(6) Whether the violation was voluntarily disclosed to the department.

(7) Evidence of any restitution paid.

(Department of Insurance; 760 IAC 6-2-3; filed Sep 9, 2025, 1:57 p.m.: 20251008-IR-760250163FRA)