§431:8-320 - Penalties.

     §431:8-320  Penalties.  (a)  Any surplus lines broker who in this State represents or aids an unauthorized insurer in violation of this article may be fined not more than $1,000.

     (b)  In addition to any other penalty provided for in this part or otherwise provided by law, including any suspension, revocation or refusal to renew a license, any person, firm, association or corporation violating any provisions of this article shall be liable to a penalty not exceeding $1,000 for the first offense, and not exceeding $2,000 for each succeeding offense.

     (c)  The above penalties are not exclusive remedies, penalties may also be assessed under article 13. [L 1987, c 347, pt of §2]