§36-6674. Portable electronics insurance - Violations of act.
141 words·~1 min read·
/ok/title-36-insurance/36-6674·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. If a vendor of portable electronics or its employee or authorized representative violates any provision of Sections 1 through 7 of this act, the Insurance Commissioner may:
1. After notice and hearing, impose fines not to exceed Five Hundred Dollars ($500.00) per violation or Five Thousand Dollars ($5,000.00) in the aggregate for such conduct; or
2. After notice and hearing, impose other penalties that the Commissioner deems necessary and reasonable to carry out the purpose of Sections 1 through 7 of this act, including:
a. suspending the privilege of transacting portable
electronics insurance pursuant to Sections 1 through 7
of this act at specific business locations where
violations have occurred, and
b. suspending or revoking the ability of individual
employees or authorized representatives to act under
the license. Added by Laws 2011, c. 93, § 5, eff. Nov. 1, 2011.