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A-32 - Act respecting insurance
Section 405.1
Disposition versions
405.1. Following the establishment of facts brought to the attention of the Authority showing that a person or partnership has failed to comply with a provision of this Act or a regulation thereunder, the Authority may impose an administrative sanction on that person or partnership and collect payment thereof.
The amount of the sanction shall be proportionate to the seriousness of the violation and may, in no case, exceed $1,000,000.
405.1. Following the establishment of facts brought to the attention of the Authority showing that a person or partnership has failed to comply with a provision of this Act or a regulation thereunder, the Authority may impose an administrative sanction on that person or partnership and collect payment thereof.
The amount of the sanction shall be proportionate to the seriousness of the violation and may, in no case, exceed $1,000,000.
The sums collected under the first paragraph shall be paid into a fund established by the Authority for the benefit of consumers and allocated in particular to information provided to consumers concerning the products and services offered by insurers.
405.1. Following the establishment of facts brought to the attention of the Agency showing that a person or partnership has failed to comply with a provision of this Act or a regulation thereunder, the Agency may impose an administrative sanction on that person or partnership and collect payment thereof.
The amount of the sanction shall be proportionate to the seriousness of the violation and may, in no case, exceed $1,000,000.
The sums collected under the first paragraph shall be paid into a fund established by the Agency for the benefit of consumers and allocated in particular to information provided to consumers concerning the products and services offered by insurers.
