What is the maximum penalty per violation for an unfair trade practice in Georgia?

The maximum penalty for an unfair trade practice in Georgia is set at $10,000 per violation. This figure reflects the state's commitment to regulating fair practices within the insurance industry. Unfair trade practices can include a range of activities such as misrepresentation, false advertising, or any practices that would deceive consumers. The substantial penalty underscores the seriousness with which the regulatory authorities view these violations, aiming to protect consumers and ensure a fair marketplace.

While other options present lower amounts, they do not align with the current legal standards set by Georgia’s insurance regulations. Thus, the selection of $10,000 as the maximum penalty signifies the state’s effort to enforce compliance rigorously.