Section 15043 Of Article 5. Disciplinary Proceedings From California Insurance Code >> Division 5. >> Chapter 2. >> Article 5.

. The commissioner, in lieu of suspending or revoking a license issued under this chapter for violations of Sections 15039, 15041, and 15042, 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.