Which of the following is true about the fines for violations of insurance laws?

Fines for violations of insurance laws can indeed vary based on the severity of the infraction. This means that different violations may carry different penalties, reflecting the seriousness of the offense. For example, a minor regulatory oversight might result in a lighter fine, whereas a significant violation, such as fraudulent behavior or severe negligence, could incur much heavier penalties. This principle is aimed at providing a fair and proportional response to various types of violations within the insurance industry, promoting adherence to laws and regulations that are intended to protect consumers and ensure the integrity of the insurance market.