N.Y. Insurance Law § 2127: Penalties for violations

§ 2127. Penalties for violations. (a) The superintendent, in lieu of

revoking or suspending the license of a licensee in accordance with the

provisions of this article, may in any one proceeding by order, require

the licensee to pay to the people of this state a penalty in a sum not

exceeding five hundred dollars for each offense, and a penalty in a sum

not exceeding twenty-five hundred dollars in the aggregate for all

offenses.

(b) Upon the failure of such a licensee to pay such penalty ordered

pursuant to subsection (a) hereof within twenty days after the mailing

of such order, postage prepaid, registered, and addressed to the last

known place of business of such licensee, unless such order is stayed by

an order of a court of competent jurisdiction, the superintendent may

revoke the license of such licensee or may suspend the same for such

period as he determines.