What is the maximum total amount of civil penalties for non-intentional acts?

The maximum total amount of civil penalties for non-intentional acts is set at $10,000. This amount is consistent with the regulatory framework governing penalties in various contexts, including those related to insurance practices. The rationale behind assigning this specific figure for non-intentional acts reflects the understanding that while violations may occur, they are not the result of malicious intent, and thus the penalties are calibrated to promote compliance without being excessively punitive.

Furthermore, this penalty structure is designed to encourage proper conduct among those in the surplus lines industry while recognizing that unintentional errors can happen. By establishing a clear and defined penalty, regulators aim to foster accountability and ensure that entities take necessary precautions to adhere to laws and regulations. This helps in maintaining the overall integrity of the surplus lines market in Arizona.