P&CMAmedium
Under c. 176D §§6-7, what remedial order may the MA Commissioner of Insurance issue against a person whom the Commissioner finds is engaging in an unfair method of competition or an unfair or deceptive act in the insurance business?
AA federal criminal indictment returnable in U.S. District Court
A cease and desist order issued after notice and hearing
CA binding decree of disbarment from the Massachusetts Bar
DAn automatic forfeiture of all real property without any prior hearing or judicial process
Why this is the answer
M.G.L. c. 176D §6 requires a statement of charges and a hearing on at least 21 days' notice, and §7 then authorizes the Commissioner to issue a cease and desist order against any person found to have engaged in an unfair method of competition or an unfair or deceptive act or practice in the business of insurance.
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