§ 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.
Structure Rhode Island General Laws
Chapter 27-2.7 - Portable Electronics Insurance
Section 27-2.7-1. - Definitions.
Section 27-2.7-2. - Licensure of vendors.
Section 27-2.7-3. - Requirements for sale of portable electronics insurance.
Section 27-2.7-4. - Authority of vendors of portable electronics.
Section 27-2.7-5. - Suspension or revocation of license.
Section 27-2.7-6. - Termination of portable electronics insurance.