Section 58-33-63 - Reinstatement and money penalty for violation

58-33-63. Reinstatement and money penalty for violation.If the director of the Division of Insurance determines in a final order that the insurer has violated any provision of §§58-33-59 to 58-33-65, inclusive, the director shall require the insurer to reinstate insurance coverage to the end of the policy period. The director may also assess a money penalty against an insurer for each violation of any provision of §§58-33-59 to 58-33-65, inclusive, in an amount set forth in §58-4-28.1 and may order the insurer to refrain from engaging in practices that violate the provisions of §§58-33-59 to 58-33-65, inclusive. Source: SL 1985, ch 392, §5.