INS § 10508.7
Where this section sits in the code
- Insurance Code - INS
- DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
- PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]
- CHAPTER 5. General Regulation of Life Insurers [10430. - 10509.946.]
- 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