Which of the following is NOT a penalty for violating provisions of the insurance code?

The correct choice identifies imprisonment as not being a penalty for violating provisions of the insurance code. In most cases, penalties for violating insurance regulations are predominantly administrative and civil rather than criminal in nature. The typical penalties include actions such as monetary fines, which serve as a financial deterrent against misconduct in insurance practices, and license suspension, which can restrict an individual's ability to operate in the insurance market, thereby protecting consumers and maintaining industry integrity.

An order to pay contractual obligations can arise in scenarios where an agent or company has failed to uphold their contractual duties, leading to further implications in civil court but not typically resulting in criminal penalties such as imprisonment. Thus, imprisonment does not align with the administrative nature of sanctions that are generally applied within the insurance sector in response to code violations.