(1) a breach is not corrected within the time fixed by the order of correction or is not corrected within the time fixed by the plan of correction; and

(2) an extension has not been granted under section 9 of this chapter;

the commissioner may find a new breach that may be subject to the imposition of additional penalties as the class would warrant.

[Pre-1993 Recodification Citation: 16-10-4-17(f).]

As added by P.L.2-1993, SEC.11.