These regulations apply in any instance in which the Insurance Commissioner intends to impose a financial penalty. In determining the amount of the financial penalty to be imposed, the Commissioner shall consider the following: 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. Insurance Article, §§2-108, 2-109, and 2-201, Annotated Code of Maryland Effective date: August 24, 1987 (14:17 Md. R. 1871) Chapter recodified from COMAR 09.30.81 to COMAR 31.02.04 effective September 7, 1998 (25:18 Md. R. 1439)