State RegulationsGA specificDifficulty 2/5
In addition to monetary penalties, what enforcement remedy may the Insurance Commissioner seek against a Georgia licensee who violates the insurance laws after notice and hearing?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under O.C.G.A. § 33-6-9, after notice and hearing the Commissioner may suspend or revoke a license in addition to imposing monetary penalties. Loss of the license ends the person's or company's authority to transact insurance in Georgia, which is usually the most consequential sanction the Department wields against a repeat or serious violator.
Why the other options are wrong
- A) The Commissioner does not imprison anyone; criminal punishment belongs to the courts.
- C) The sanction reaches the insurance license, not all employment in the state.
- D) The NAIC coordinates regulators but enforces nothing in Georgia; discipline comes from the Commissioner.
Memory hook
Fines sting, but taking the license stops the conduct.