Strengthens consumer protection by increasing insurer accountability for insurance code violations.

This bill amends the insurance code to enhance the commissioner's ability to enforce compliance and penalize violations. It allows the commissioner to prosecute actions in court to enforce orders and mandates restitution payments with interest. Additionally, it increases the fines for violations, specifying a minimum of $250 and a maximum of $10,000 per violation, with the option to revoke the insurer's certificate of authority for non-payment. The bill also outlines the attorney general's role in prosecuting or defending proceedings on behalf of the commissioner.

Strengthens consumer protection by increasing insurer accountability for insurance code violations.

This bill amends the insurance code to enhance the commissioner's ability to enforce compliance and penalize violations. It allows the commissioner to prosecute actions in court to enforce orders and mandates restitution payments with interest. Additionally, it increases the fines for violations, specifying a minimum of $250 and a maximum of $10,000 per violation, with the option to revoke the insurer's certificate of authority for non-payment. The bill also outlines the attorney general's role in prosecuting or defending proceedings on behalf of the commissioner.