Penalties.

Failure to comply with this chapter shall subject a licensee, following notice and hearing in accordance with 2 Pa.C.S. § § 501—508 and 701—704 (relating to Administrative Agency Law) to revocation of license; in addition thereto, a failure to comply with this chapter shall constitute a violation of the laws of the Commonwealth and shall subject a company or licensee so failing to comply to the penalties provided by law.