Section 14065 Of Article 5. Disciplinary Proceedings From California Insurance Code >> Division 5. >> Chapter 1. >> Article 5.

. The commissioner, in lieu of suspending or revoking a license issued under this chapter for violations of Sections 14061, 14063, and 14064, may impose a civil penalty not to exceed five hundred dollars ($500) upon a licensee, if the commissioner determines that such action better serves the purposes of this chapter.