State RegulationsGA specificDifficulty 1/5
Following notice and a hearing, the Insurance Commissioner finds that a Georgia producer committed an unfair trade practice violation. Under O.C.G.A. § 33-6-9, what penalty may the Commissioner impose for each act or violation?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under O.C.G.A. § 33-6-9, after notice and a hearing, a violation of Georgia's unfair trade practices provisions exposes the violator to a penalty of up to ten thousand dollars for each act or violation, in addition to suspension or revocation of the license by the Insurance Commissioner.
Why the other options are wrong
- A) One hundred dollars is the promotional-items exception figure, not a penalty ceiling.
- B) Five hundred dollars is not the penalty figure under this provision.
- C) One thousand dollars belongs to a different statutory threshold and is not the unfair-practices penalty.
Memory hook
Ten grand per violation plus the license on the chopping block.