{"data":{"id":"us-ar/ark.-code-ann.-23-67-205","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-67-205","heading":"Penalties","body":"(a) Whenever the Insurance Commissioner shall have reason to believe that any person has violated any provision of this chapter, he or she shall issue and serve upon the person a statement of the alleged violations and a notice of hearing as provided by § 23-67-221 [repealed]. (b) If, after a hearing, the commissioner determines that the person has violated a provision of this chapter, the commissioner shall issue a written order which, in his or her discretion, may do one (1) or more of the following: (1) Revoke the certificate of authority of the insurer or the license of the advisory organization; (2) Suspend the certificate of authority of the insurer or the license of the advisory organization; or (3) Require the payment of a monetary penalty of not more than one thousand dollars ($1,000) for each violation or a penalty of not more than ten thousand dollars ($10,000) for each violation if the commissioner has found willful violations. Acts 1987, No. 959, § 18.\n\n(a) Whenever the Insurance Commissioner shall have reason to believe that any person has violated any provision of this chapter, he or she shall issue and serve upon the person a statement of the alleged violations and a notice of hearing as provided by § 23-67-221 [repealed].\n\n(b) If, after a hearing, the commissioner determines that the person has violated a provision of this chapter, the commissioner shall issue a written order which, in his or her discretion, may do one (1) or more of the following: (1) Revoke the certificate of authority of the insurer or the license of the advisory organization; (2) Suspend the certificate of authority of the insurer or the license of the advisory organization; or (3) Require the payment of a monetary penalty of not more than one thousand dollars ($1,000) for each violation or a penalty of not more than ten thousand dollars ($10,000) for each violation if the commissioner has found willful violations.\n\n(1) Revoke the certificate of authority of the insurer or the license of the advisory organization;\n\n(2) Suspend the certificate of authority of the insurer or the license of the advisory organization; or\n\n(3) Require the payment of a monetary penalty of not more than one thousand dollars ($1,000) for each violation or a penalty of not more than ten thousand dollars ($10,000) for each violation if the commissioner has found willful violations.","path":["AR Code","Title 23","Chapter 67","Subchapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"a555d6c19d02720534ef77acbcf66f47d65c96501a8222431cf1894799b29130","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-67-204","next":"us-ar/ark.-code-ann.-23-67-206"},"notice":"GroundRules: Original legal text. Not legal advice."}