State Codes and Statutes

Statutes > New-york > Isc > Article-42 > 4241

§  4241.  Penalty  for  violation  of  filing  requirements.  (a)  Any  authorized insurer, representative of such insurer,  licensed  insurance  agent  or  licensed  insurance  broker  wilfully  violating  any  of the  provisions of this article or of articles thirty-one  or  thirty-two  of  this  chapter  relating  to  filings  of  life,  accident and health and  annuity contract forms, premium rates, rules, classification  of  risks,  and  commissions, compensation or other fees or allowances to agents and  brokers pertaining to the solicitation or sale of such insurance and  of  fees  or  allowances  to  any  individuals,  firms  or  corporations for  services pertaining to the  service  or  administration  of  such  group  insurance and annuity contracts, shall, in addition to any other penalty  provided  by  law, be liable for a penalty as provided in subsection (b)  hereof.    (b) If the superintendent finds after notice  and  hearing,  that  any  authorized  insurer,  representative of such insurer, licensed insurance  agent or licensed insurance broker has wilfully violated the  provisions  of  subsection  (d)  hereof or this article relating to such filings, he  may, in lieu of any other penalty provided by law, order  such  insurer,  or person to pay to the people of this state a penalty not exceeding one  thousand dollars for each such offense.    (c)  Failure  of any such insurer or person to pay such penalty within  thirty days after the making of such order, unless suspended by an order  of a court of competent jurisdiction, shall constitute  a  violation  of  this chapter.    (d)  In this section, the issuance, procurement or negotiation of each  policy of insurance, by such insurer or person in  wilful  violation  of  the  provisions  of  this  subsection  or this article shall be deemed a  separate offense.

State Codes and Statutes

Statutes > New-york > Isc > Article-42 > 4241

§  4241.  Penalty  for  violation  of  filing  requirements.  (a)  Any  authorized insurer, representative of such insurer,  licensed  insurance  agent  or  licensed  insurance  broker  wilfully  violating  any  of the  provisions of this article or of articles thirty-one  or  thirty-two  of  this  chapter  relating  to  filings  of  life,  accident and health and  annuity contract forms, premium rates, rules, classification  of  risks,  and  commissions, compensation or other fees or allowances to agents and  brokers pertaining to the solicitation or sale of such insurance and  of  fees  or  allowances  to  any  individuals,  firms  or  corporations for  services pertaining to the  service  or  administration  of  such  group  insurance and annuity contracts, shall, in addition to any other penalty  provided  by  law, be liable for a penalty as provided in subsection (b)  hereof.    (b) If the superintendent finds after notice  and  hearing,  that  any  authorized  insurer,  representative of such insurer, licensed insurance  agent or licensed insurance broker has wilfully violated the  provisions  of  subsection  (d)  hereof or this article relating to such filings, he  may, in lieu of any other penalty provided by law, order  such  insurer,  or person to pay to the people of this state a penalty not exceeding one  thousand dollars for each such offense.    (c)  Failure  of any such insurer or person to pay such penalty within  thirty days after the making of such order, unless suspended by an order  of a court of competent jurisdiction, shall constitute  a  violation  of  this chapter.    (d)  In this section, the issuance, procurement or negotiation of each  policy of insurance, by such insurer or person in  wilful  violation  of  the  provisions  of  this  subsection  or this article shall be deemed a  separate offense.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-42 > 4241

§  4241.  Penalty  for  violation  of  filing  requirements.  (a)  Any  authorized insurer, representative of such insurer,  licensed  insurance  agent  or  licensed  insurance  broker  wilfully  violating  any  of the  provisions of this article or of articles thirty-one  or  thirty-two  of  this  chapter  relating  to  filings  of  life,  accident and health and  annuity contract forms, premium rates, rules, classification  of  risks,  and  commissions, compensation or other fees or allowances to agents and  brokers pertaining to the solicitation or sale of such insurance and  of  fees  or  allowances  to  any  individuals,  firms  or  corporations for  services pertaining to the  service  or  administration  of  such  group  insurance and annuity contracts, shall, in addition to any other penalty  provided  by  law, be liable for a penalty as provided in subsection (b)  hereof.    (b) If the superintendent finds after notice  and  hearing,  that  any  authorized  insurer,  representative of such insurer, licensed insurance  agent or licensed insurance broker has wilfully violated the  provisions  of  subsection  (d)  hereof or this article relating to such filings, he  may, in lieu of any other penalty provided by law, order  such  insurer,  or person to pay to the people of this state a penalty not exceeding one  thousand dollars for each such offense.    (c)  Failure  of any such insurer or person to pay such penalty within  thirty days after the making of such order, unless suspended by an order  of a court of competent jurisdiction, shall constitute  a  violation  of  this chapter.    (d)  In this section, the issuance, procurement or negotiation of each  policy of insurance, by such insurer or person in  wilful  violation  of  the  provisions  of  this  subsection  or this article shall be deemed a  separate offense.