What is the fine per day for a producer who continues to operate after being served with a cease and desist order?

The fine imposed per day for a producer who continues to operate after being served with a cease and desist order is $50. This penalty serves as a deterrent to encourage compliance with regulatory orders aimed at protecting the integrity of the insurance market and ensuring that producers adhere to legal standards. The $50 daily fine reflects the seriousness of violating such orders while also establishing a practical measure to enforce compliance among producers. By understanding this fine structure, producers are motivated to cease any prohibited activities promptly upon receiving such an order, thus maintaining the overall regulatory framework of the insurance industry.