Liberty Bell Life Insurance v. Department of Insurance

Opinion by

Judge Rogers,

This is an appeal from an adjudication of the Insurance Commissioner of Pennsylvania imposing upon *515the appellant, Liberty Bell'Life Insurance Company, a fine in the amount of Twenty-five Thousand Dollars ($25,000.00).

The fine was imposed pursuant to, and based upon the Commissioner’s conclusion, after hearing, that the appellant had violated Section 354 of The Insurance Company Law of 1921, Act of May 17, 1921, P. L. 682, Article III, added by the Act of June 23, 1931, P. L. 904, §2, as amended, 40 P.S. §477(b), which in pertinent part provides:

“It shall be unlawful for…