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:

The insured under a $100,000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accident. It was determined that the accident was his fault. The triple indemnity rider in the policy specifies that the death must not be contributed to by the insured in any manner. In this case, what will the policy beneficiary receive?