TITLE 27

Insurance

CHAPTER 27-54

Insurance Fraud Prevention Act

SECTION 27-54-2



   § 27-54-2  Civil penalties. –

In addition to the criminal penalties set forth in § 27-54-1, the attorney

general or the director or his or her designee may bring a civil action against

any person who engages in conduct constituting an offense under this chapter

and, upon proof of that conduct by a preponderance of the evidence, the person

shall be subject, for each violation, to a civil penalty not exceeding fifty

thousand dollars ($50,000) or the amount of damages caused by that conduct,

whichever is greater. If the insurance company is placed in conservation,

rehabilitation, or liquidation, the conservator or receiver shall also be

entitled to bring a civil action, and the penalty shall be paid to the

conservator or receiver for the benefit of the policyholders, claimants, and

creditors of the insurer. The imposition of a civil penalty under this

subsection does not preclude any other criminal or civil statutory, common law,

or administrative remedy, which is available by law to the state of Rhode

Island or any other person.



History of Section.

(P.L. 1994, ch. 86, § 1.)