What occurs if there is no reply to a notice of violation within 20 days?

If there is no reply to a notice of violation within 20 days, it may result in a fine of up to $1,000. This provision is in place as a means to encourage timely responses and compliance with regulatory standards. By imposing financial penalties for inaction, the regulatory body aims to uphold accountability among insurance professionals.

In this context, the other options relate to actions or consequences that would not necessarily follow from failing to respond to a notice of violation. For instance, a formal warning or an automatic hearing would imply a different protocol than what is dictated for non-response, and immediate suspension of an insurance license typically would follow a more serious or continued infraction rather than a failure to respond to a first notice.