Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-88. Prohibited Transactions Between Producers And Unauthorized Multiple Employer Trusts |
R590-88-5. Sanctions
Latest version.
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Producers found to be engaging in, or to have engaged in, the prohibited transactions with unauthorized METs set forth under Section 4 of this rule are subject to one or more of the following sanctions:
(A) Revocation or suspension of the producer's license and/or the imposition of a fine pursuant to Section 31A-23a-111; and
(B) Recovery of any claims or losses pursuant to Section 31A-15-105; and
(C) Any other sanctions provided by law including those found in Section 31A-2-308.