Chapter 098

2006 -- H 7659

Enacted 06/13/06

A N A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT -- DEPARTMENT OF BUSINESS REGULATION

Introduced By: Representative Robert A. Watson

Date Introduced: February 16, 2006

It is enacted by the General Assembly as follows:

     SECTION 1. Section 42-14-16 of the General Laws in Chapter 42-14 entitled

"Department of Business Regulation" is hereby amended to read as follows:

42-14-16. Insurance -- Administrative penalties. -- (a) Whenever the director shall

have cause to believe that a violation of title 27 and/or chapters 14, 14.5, 62 or 128.1 of title 42 or

the regulations promulgated thereunder has occurred by a licensee, or any person or entity

conducting any activities requiring licensure under title 27, the director may, in accordance with

the requirements of the Administrative Procedures Act, chapter 35 of this title:

      (1) Revoke or suspend a license;

      (2) Levy an administrative penalty in an amount not less than one hundred dollars ($100)

nor more than fifty thousand dollars ($50,000);

      (3) Order the violator to cease such actions;

      (4) Require the licensee or person or entity conducting any activities requiring licensure

under title 27 to take such actions as are necessary to comply with title 27 and/or chapters 14,

14.5, 62, or 128.1 of title 42, or the regulations thereunder; or

      (5) Any combination of the above penalties.

      (b) Any monetary penalties assessed pursuant to this section shall be as general

revenues.

     SECTION 2. This act shall take effect upon passage.

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LC01369

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