Penalties that may be levied by the Department of Insurance for committing insurance fraud do NOT include

Fines are a common penalty for committing insurance fraud and can be substantial, serving as a financial deterrent against fraudulent activities. The Department of Insurance can impose fines on individuals or entities found guilty of such misconduct to punish and prevent further violations.

License revocation is a severe penalty that may be enforced by the Department of Insurance, resulting in the permanent loss of the ability to operate within the insurance industry. This action is taken against individuals or businesses that engage in serious fraudulent behavior, thereby protecting consumers and the integrity of the insurance market.

License suspension is another potential penalty that can be levied for insurance fraud. This temporary measure restricts an individual’s or entity's ability to conduct insurance business for a specified duration, serving as a warning and deterrent against future violations.