What is the maximum fine for the first offense of violating this article?

The maximum fine for the first offense of violating the article in question is set at $2,000. This figure is important as it embodies the regulatory framework established to enforce compliance with surplus lines insurance laws in Pennsylvania. Understanding this penalty is crucial for those involved in the insurance industry, as it underscores the seriousness with which violations are treated and serves as a deterrent against non-compliance.

The stipulated fine amount reflects a balance between holding offenders accountable and allowing for corrective measures within the industry. This framework is not just punitive; it also aims to uphold the integrity of the insurance market in Pennsylvania, ensuring that all practitioners adhere to established regulations.

Fines in this field can vary based on the nature and severity of the infraction, but the specific setting of $2,000 for a first offense indicates a structured approach to regulatory discipline. When practitioners are aware of this consequence, they may be more vigilant in adhering to the rules, contributing to overall marketplace stability.