(a) For each and every act in violation of Code Section 33-20E-24 , the Commissioner may impose a monetary penalty of up to $2,000.00, unless the insurer knew or reasonably should have known of the violation, in which case the monetary penalty imposed may be up to $5,000.00 for each and every act in violation. (b) The Commissioner may take any action authorized, including, but not limited to, issuing an administrative order imposing monetary penalties, imposing a compliance plan, ordering the insurer to develop a compliance plan, or ordering the insurer to reprocess claims. Added by 2023 Ga. Laws 242,§ 2, eff. 1/1/2024, app. to all policies or contracts issued, delivered, issued for delivery, or renewed in this state on or after 1/1/2024. (a) For each and every act in violation of Code Section 33-20E-24 , the Commissioner may impose a monetary penalty of up to $2,000.00, unless the insurer knew or reasonably should have known of the violation, in which case the monetary penalty imposed may be up to $5,000.00 for each and every act in violation. (b) The Commissioner may take any action authorized, including, but not limited to, issuing an administrative order imposing monetary penalties, imposing a compliance plan, ordering the insurer to develop a compliance plan, or ordering the insurer to reprocess claims. Added by 2023 Ga. Laws 242,§ 2, eff. 1/1/2024, app. to all policies or contracts issued, delivered, issued for delivery, or renewed in this state on or after 1/1/2024. (a) For each and every act in violation of Code Section 33-20E-24 , the Commissioner may impose a monetary penalty of up to $2,000.00, unless the insurer knew or reasonably should have known of the violation, in which case the monetary penalty imposed may be up to $5,000.00 for each and every act in violation. (b) The Commissioner may take any action authorized, including, but not limited to, issuing an administrative order imposing monetary penalties, imposing a compliance plan, ordering the insurer to develop a compliance plan, or ordering the insurer to reprocess claims. Added by 2023 Ga. Laws 242,§ 2, eff. 1/1/2024, app. to all policies or contracts issued, delivered, issued for delivery, or renewed in this state on or after 1/1/2024. (a) For each and every act in violation of Code Section 33-20E-24 , the Commissioner may impose a monetary penalty of up to $2,000.00, unless the insurer knew or reasonably should have known of the violation, in which case the monetary penalty imposed may be up to $5,000.00 for each and every act in violation. (b) The Commissioner may take any action authorized, including, but not limited to, issuing an administrative order imposing monetary penalties, imposing a compliance plan, ordering the insurer to develop a compliance plan, or ordering the insurer to reprocess claims.
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