Actuarial Notes

Exam DISC-IA Practice Question 253

Study guide: Exam DISC-IA

After a hearing, a commissioner finds that an insurer's advertising misrepresented policy benefits on 12 occasions. The violations were not committed flagrantly in conscious disregard of the law. Under a state law that follows the penalty limits of the NAIC Unfair Trade Practices Act, what is the largest fine the commissioner may order?

  • A) $12,000
  • B) $100,000
  • C) $250,000
  • D) $300,000

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