2005 Idaho Code - 41-5111 — PENALTIES AND LIABILITIES

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 51
                         REINSURANCE INTERMEDIARY ACT
    41-5111.  PENALTIES AND LIABILITIES. (1) A reinsurance intermediary,
insurer or reinsurer found by the director, after a hearing conducted in
accordance with chapter 52, title 67, Idaho Code, to be in violation of any
provision(s) of this chapter shall:
    (a)  For each separate violation, pay a penalty in an amount not exceeding
    five thousand dollars ($5,000);
    (b)  Be subject to revocation or suspension of its license; and
    (c)  If a violation was committed by the reinsurance intermediary, such
    reinsurance intermediary shall make restitution to the insurer, reinsurer,
    rehabilitator or liquidator of the insurer or reinsurer for the net losses
    incurred by the insurer or reinsurer attributable to such violation.
    (2)  The decision, determination or order of the director pursuant to
subsection (1) of this section shall be subject to judicial review pursuant to
chapter 52, title 67, Idaho Code.
    (3)  Nothing contained in this section shall affect the right of the
director to impose any other penalties provided in the insurance law.
    (4)  Nothing contained in this chapter is intended to or shall in any
manner limit or restrict the rights of policyholders, claimants, creditors or
other third parties or confer any rights to such persons.