View all text of Subpart K [§ 1003.1100 - § 1003.1120]

§ 1003.1110 - Amount of penalties.

The OIG may impose a penalty of not more than—

(a) $5,000 for each individual violation of § 1003.1100(a), (b), or (c).

(b) $25,000 for each individual violation of § 1003.1100(d), (e), or (f) by a seller who is also the issuer of the policy; and

(c) $15,000 for each individual violation of § 1003.1100(d), (e), or (f) by a seller who is not the issuer of the policy.

[81 FR 88362, Dec. 7, 2016, as amended at 88 FR 42841, July 3, 2023]