If the Superintendent imposes 5 separate civil penalties against any one person within 5 years, the Superintendent can impose an additional civil penalty against the person up to a maximum of _______ for every 5 year period.

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Study for the NYS Independent Auto Damage and Theft Appraisal Adjuster Exam. Explore multiple choice questions, hints, and detailed explanations. Prepare efficiently for your appraisal adjuster license exam!

Multiple Choice

If the Superintendent imposes 5 separate civil penalties against any one person within 5 years, the Superintendent can impose an additional civil penalty against the person up to a maximum of _______ for every 5 year period.

Explanation:
Civil penalties are limited by a maximum amount within each five-year period. After five separate penalties have been imposed in that window, any additional penalty must still fit within the five-year cap, which is fifty thousand dollars. So the greatest allowable additional civil penalty per five-year period is $50,000. The other dollar amounts do not reflect this statutory per-five-year cap.

Civil penalties are limited by a maximum amount within each five-year period. After five separate penalties have been imposed in that window, any additional penalty must still fit within the five-year cap, which is fifty thousand dollars. So the greatest allowable additional civil penalty per five-year period is $50,000. The other dollar amounts do not reflect this statutory per-five-year cap.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy