TITLE 27
Insurance
CHAPTER 27-2.7
Portable Electronics Insurance
SECTION 27-2.7-5
§ 27-2.7-5 Suspension or revocation of
license.
If a portable electronics insurance vendor or its employee or authorized
representative violates any provision of this section, the insurance
commissioner may do any of the following:
(1) After notice and hearing, impose fines not to exceed five
hundred dollars ($500) per violation or five thousand dollars ($5,000) in the
aggregate for such conduct.
(2) After notice and hearing, impose other penalties that the
commissioner deems necessary and reasonable to carry out the purposes of this
chapter including:
(i) Suspending the privilege of transacting portable
electronics insurance pursuant to this section at specific business locations
where violations have occurred; and
(ii) Suspending or revoking the ability of individual
employees or authorized representatives to act under the license; and
(3) Any other penalties appropriate under § 42-14-16.
History of Section.
(P.L. 2012, ch. 136, § 1; P.L. 2012, ch. 247, § 1.)