California Insurance Code

§ 1748

INS § 1748 Effective Jan 1, 2000Div. 1 · Part 2 · Ch. 5 · Art. 13

Statute text

The commissioner, in any proceeding under the provisions of this article, may, by an alternative order, permit a licensee to elect in writing to pay a specified money penalty, within a specified time in lieu of a license suspension or other permitted action. If the licensee so elects, the sum of money specified shall be paid to the commissioner for the use of the State of California. The sum specified shall not exceed:

(a)Four thousand dollars ($4,000) for each offense.

(b)Twenty thousand dollars ($20,000) in the aggregate for all offenses involved in any one proceeding.

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Legislative history

Amended by Stats. 1999, Ch. 782, Sec. 6. Effective January 1, 2000.