(a) If the commissioner determines that the title insurer has violated this chapter, or any regulation or order promulgated thereunder, after notice and opportunity to be heard, the commissioner may order:
- (1) A penalty pursuant to § 42-14-16 for each violation; and
- (2) Revocation or suspension of the title insurer’s license.
- (b) Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided for in the insurance code.
- (c) Nothing contained in this chapter is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, and creditors.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.