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California · Through 2026-09-13

INS § 10508.7

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Where this section sits in the code
  1. Insurance Code - INS
  2. DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
  3. PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]
  4. CHAPTER 5. General Regulation of Life Insurers [10430. - 10509.946.]
  5. ARTICLE 7. Records [10508. - 10508.8.]

A person subject to the requirements of Section 10508.6 who submits any false information in connection with a request for information or data pursuant to that section shall be liable for a civil penalty not to exceed one hundred thousand dollars ($100,000). A person subject to the requirements of Section 10508.6 who fails to comply with a request for information or data pursuant to that section shall be liable for a civil penalty not to exceed five thousand dollars ($5,000) for each 30-day period in which the person fails to comply. If the failure to comply is willful, the person shall be liable for a civil penalty not to exceed ten thousand dollars ($10,000) for each 30-day period in which the person fails to comply, but not to exceed an aggregate amount of one hundred thousand dollars ($100,000). In determining the penalty, the commissioner shall consider the good faith of the person and any similar prior violations by the person under this code.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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