(a) If the Commissioner, after a hearing conducted in accordance with chapter 7 of this title, finds a violation of the types of infractions listed in section 753(e) of this chapter, the Commissioner may order any of the following:
(1) for each separate violation committed by an insurer, managing general agent, or other person, a civil penalty in an amount of not more than $10,000, for each instance of such violation;
(2) for a violation committed by a managing general agent or the producer of the managing general agent, revocation or suspension of the license of the managing general agent or the license of the producer;
(3) for a violation committed by a managing general agent, reimbursement of the insurer or the rehabilitator or liquidator of the insurer by the managing general agent and by any officer, director, shareholder, or other representative or agent of the managing general agent who actually benefited from the violation, for any losses incurred by the insurer that were caused by the violation.
(b) Any person violating this section may be imprisoned for not more than one year in addition to any other penalty or forfeiture under this section.
(c) Nothing in this section affects the authority of the Commissioner to impose any other civil penalties or to initiate any other proceedings or remedies pursuant to the laws of the Virgin Islands.