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§27-2.7-5  Suspension or revocation of license. –


Published: 2015

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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.)