VIII. Insurance Regulation Flashcards
1
Q
Which of the following entities established the Do-Not-Call Registry?
A
Federal Trade Commission
2
Q
Once it has been reasonably proven that a person has knowingly violated the Insurance Code regarding unfair methods of competition, the Department may impose a civil penalty of
A
Civil penalty for each intentional act of engaging in an unfair method of competition or practice is up to $5,000 per violation (not to exceed $50,000 in any 6-month period).
