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This entry was published on 2022-03-04
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Penalties for violations
Insurance (ISC) CHAPTER 28, ARTICLE 29
§ 2908. Penalties for violations. (a) The superintendent, in addition
to any other power conferred by law, may in any one proceeding by order,
require the registrant or licensee who violates the provisions of this
article or section two hundred eighty-a of the public health law, or any
regulation promulgated thereunder to make restitution and pay
compensatory damages, in an amount to be determined by the
superintendent, to any person injured by the unlawful actions of said
registrant or licensee and to pay to the people of this state a penalty
in a sum not exceeding the greater of (1) four thousand dollars for each
offense and ten thousand dollars for each subsequent violation or (2)
the aggregate gross receipts attributable to all offenses.

(b) Upon the failure of such a registrant or licensee to pay the
penalty ordered pursuant to subsection (a) of this section within twenty
days after the mailing of the order, postage prepaid, registered, and
addressed to the last known place of business of the licensee, unless
the order is stayed by an order of a court of competent jurisdiction,
the superintendent may revoke the registration or license of the
registrant or licensee or may suspend the same for such period as the
superintendent determines.