58-47-15. Penalties for violation of chapter.
If a vendor of portable electronics or its employee or authorized representative violates any provision of this chapter, the director may do any of the following:
(1)After notice and hearing, impose penalties permitted under this section that the director deems necessary and reasonable to carry out the purpose of this chapter, including, but not limited to:
(a)Suspending or revoking the privilege of transacting portable electronics insurance pursuant to this chapter 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;
(2)Permit an applicant or licensee to elect in writing to pay a specified money penalty within a specified time in lieu of a license suspension or other permitted action. The money penalty may not exceed five hundred dollars per violation or five thousand dollars in aggregate.
Source: SL 2012, ch 251, ยง16.
Structure South Dakota Codified Laws
Chapter 47 - Portable Electronics Insurance
Section 58-47-1 - Definitions.
Section 58-47-2 - Portable electronics insurance defined.
Section 58-47-5 - Periodic basis as group or master commercial inland marine policy.
Section 58-47-7 - Training program for vendor employees and representatives.
Section 58-47-9 - Change in policy terms and conditions--Notice.
Section 58-47-10 - Termination of insurance upon twenty days notice.
Section 58-47-11 - Immediate termination of insurance.
Section 58-47-12 - Notice of termination.
Section 58-47-13 - Notice and correspondence requirements.
Section 58-47-14 - Term of portable electronics license--Renewal.