In addition to any other penalty provided by law, a person that willfully violates this title or any regulation adopted under this title is subject to a penalty of up to $10,000 for the first day of violation and up to $1,000 for each additional day that the violation continues. In determining the amount of any financial penalty to be imposed under this section, the Commissioner shall consider the following factors: the seriousness of the violation; the good faith of the violator; the violator’s history of previous violations; the deleterious effect of the violation on the public and the insurance industry; and the assets of the violator. Before imposing a penalty under this subsection, the Commissioner: shall give the person that allegedly committed the violation notice and an opportunity for hearing; and must find that the person willfully committed the violation.