What is the fine for willful acts or violations of the insurance code?

The correct answer is based on the regulatory framework that governs insurance practices in Georgia. In this context, the law stipulates that willful acts or violations of the insurance code can result in significant penalties. The maximum fine established for such violations is up to $5,000. This reflects the severity with which regulatory authorities treat intentional misconduct in the insurance industry, as it undermines the integrity of the market and can harm consumers.

Understanding this fine amount is crucial for insurance agents and professionals in Georgia, as it highlights the importance of compliance with legal standards and ethical practices. Maintaining awareness of these potential penalties can help agents foster a culture of compliance and accountability within their organizations.