1. 1. If the director determines that the title insurer or any other person has violated this chapter, or any regulation or order promulgated thereunder, after notice and opportunity to be heard, the director may order:

   1. (1) For each violation a monetary penalty which shall take into account the harm the violation caused or could have caused or potential harm to the public and which shall not exceed:

      1. (a) One thousand dollars per violation for a class A violation;
      2. (b) Five hundred dollars per violation for a class B violation; and
      3. (c) One hundred dollars per violation for a class C violation;
   2. (2) Revocation or suspension of the title insurer's license; or
   3. (3) Both monetary penalty and revocation or suspension.
2. 2. Nothing contained in this section shall affect the right of the director to impose any other penalties provided for in the insurance code.
3. 3. Nothing contained in this chapter is intended to or shall in any other manner limit or restrict the rights of policyholders, claimants and creditors.

(L. 2000 S.B. 894)

Effective 1-1-01

(2002) Senate Bill 894 provision declared unconstitutional as a violation of the clear title requirement of Art. III, Section 23. Home Builders of Greater St. Louis v. State, 75 S.W.3d 267 (Mo.banc).