N.Y. Insurance Law Section 503
Enforcement

If the superintendent finds, after notice and hearing, that any person, other than a governmental entity, has wilfully violated this article, then the superintendent may order the person to pay to the people of this state a penalty in a sum of one thousand dollars for the first violation and two thousand dollars for each subsequent violation.

Source: Section 503 — Enforcement, https://www.­nysenate.­gov/legislation/laws/ISC/503 (updated Jul. 31, 2015; accessed Feb. 28, 2026).

Green check means up to date. Up to date

Verified:
Feb. 28, 2026

Last modified:
Jul. 31, 2015

§ 503. Enforcement's source at nysenate​.gov

Link Style