N.Y. Insurance Law § 2908: Penalties for violations

§ 2908. Penalties for violations. (a) The superintendent, in addition

to any other power conferred by law, may in any one proceeding by order,

require the registrant or licensee who violates the provisions of this

article or section two hundred eighty-a of the public health law, or any

regulation promulgated thereunder to make restitution and pay

compensatory damages, in an amount to be determined by the

superintendent, to any person injured by the unlawful actions of said

registrant or licensee and to pay to the people of this state a penalty

in a sum not exceeding the greater of (1) four thousand dollars for each

offense and ten thousand dollars for each subsequent violation or (2)

the aggregate gross receipts attributable to all offenses.

(b) Upon the failure of such a registrant or licensee to pay the

penalty ordered pursuant to subsection (a) of this section within twenty

days after the mailing of the order, postage prepaid, registered, and

addressed to the last known place of business of the licensee, unless

the order is stayed by an order of a court of competent jurisdiction,

the superintendent may revoke the registration or license of the

registrant or licensee or may suspend the same for such period as the

superintendent determines.