Which of the following is true about the Missouri insurance cease or desist order?

Insurance

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Which of the following is true about the Missouri insurance cease or desist order?

A.It is the only recourse to stop an insurance unfair trade practice

B.Violation may result in a minimum fine of $100,000

C.Any collected fine provides relief to mistreated consumers

D.An alternative to a cease or desist order is federal court action

Answer: Money received from the Director’s enforcement proceeding and imposition of penalties is placed in a ‘Consumer Restitution Fund,’ used to provide relief to aggrieved consumers.–Any collected fine provides relief to mistreated consumers

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