What is the maximum fine for each willful insurance code violation?

The maximum fine for each willful insurance code violation is $5,000. This amount reflects the seriousness of compliance with insurance laws and is intended to enforce accountability among agents and insurers. By imposing a significant financial penalty, the law aims to deter willful misconduct and protect consumers by ensuring that insurance practices adhere strictly to established regulations. This fine structure also underscores the importance of ethical practices in the insurance industry, as agents who deliberately violate laws face substantial consequences. Understanding this fine amount is crucial for anyone operating within the insurance domain in Georgia, as it emphasizes the need for adherence to legal and ethical standards. Other fines mentioned are either lower or higher than the defined maximum, highlighting that the correct figure has been set to balance deterrence with the recognition of the potential impact of violations.