What can result from a violation of a cease and desist order issued by the commissioner?

A violation of a cease and desist order issued by the commissioner can lead to significant financial penalties. The correct answer indicates that such a violation can result in a fine of up to $5,000. This reflects the commissioner’s authority to enforce compliance with insurance regulations and protect consumers from harmful practices. The monetary penalty serves both as a deterrent for future infractions and as a mechanism for ensuring that violators are held accountable for actions that go against the established rules and laws governing insurance practices in Connecticut.

The context behind why this fine reaches up to $5,000 stems from the serious nature of disregarding a cease and desist order. Such orders are typically put in place when there is an immediate need to stop illegal or unethical behavior that poses a risk to the public or to the integrity of the insurance market.

It’s important to note that other options, such as increased insurance premiums or license renewal denial, do not directly stem from the violation of a cease and desist order in the same way as the financial penalty does. While increased premiums could be a consequence of certain actions within the insurance market, they are not a direct result of failing to comply with a specific order. Similarly, while license renewal denial could occur for various reasons, this particular situation is