Iowa Code § 514G.113
Penalties
Iowa · Iowa Code Chapter 514G — Long-Term Care Insurance Act · Status: effective
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- Citation
- Iowa Code § 514G.113, Penalties, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2264288
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Full text
In addition to any other penalties provided by the laws of this state, any insurer or any producer found to have violated a provision of this chapter or any other requirement of this state relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three times the amount of any commission paid for each policy involved in the violation, or up to ten thousand dollars, whichever is greater. A fine collected under this section shall be deposited as provided in section 505.7.