What is the maximum fine for a violation of a final cease and desist order?

In Connecticut, a final cease and desist order is a regulatory action that can be issued against a party that is found to be in violation of insurance laws or regulations. The maximum fine for violating a final cease and desist order is significant as it serves as a deterrent against non-compliance.

The correct choice reflects that the maximum fine can reach up to $50,000. This amount underscores the seriousness with which the state regulates insurance practices and emphasizes the importance of adhering to the rules set forth by regulatory bodies. It indicates that the consequences for violating such an order are substantial, reflecting the state's intention to maintain order and protect consumers within the insurance market.

Understanding the potential penalties associated with regulatory violations is critical for insurance professionals, as it highlights the need for compliance with industry laws and regulations to avoid severe financial repercussions and maintain licensure.