the penalty for violating insurance code unintentionally with respect to unfair methods of competition or…
the penalty for violating insurance code unintentionally with respect to unfair methods of competition or unfair or deceptive acts or practices is $5,000 per violation. what is the penalty for each intentional violation?\na $100,000\nb $2,000\nc $1,000\nd $40,000
Answer
Brief Explanations:
In insurance - related legal regulations, typically intentional violations have a much higher penalty. Among the options, $100,000 is a common higher - level penalty amount for intentional violations compared to the given unintentional violation penalty of $5,000.
Answer:
A. $100,000