After a hearing, an agent failed to comply with the Commissioner's order and continued to violate Wisconsin Insurance Law. Besides civil and criminal penalties, what additional penalties could this agent face?

After a hearing, an agent failed to comply with the Commissioner's order and continued to violate Wisconsin Insurance Law. Besides civil and criminal penalties, what additional penalties could this agent face?



A)

A fine of up to $2,000 a day each day the violation continues beyond the 2-week period

B)

A fine of up to $5,000 a day each day the violation continues beyond the 2-week period

C)

A fine of up to $1,000 a day each day the violation continues beyond the 2-week period

D)

A fine of up to $2,500 a day each day the violation continues beyond the 2-week period



Answer: b

Comments

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?