Section 7005 - Violations1.Penalties. If a vendor or its employee or authorized representative violates any provision of this chapter, the superintendent may enforce this chapter in accordance with section 12-A except the superintendent may not impose a fine exceeding $15,000 for aggregate conduct in violation of this chapter. [2011, c. 297, §5(NEW).]
2.Suspension or revocation. In addition to any other penalties authorized by law, the superintendent may: A. Suspend the authority of a vendor to transact portable electronic device insurance; [2011, c. 297, §5(NEW).]B. Suspend the authority of a vendor to transact portable electronic device insurance pursuant to this chapter at specific business locations where violations have occurred; and [2011, c. 297, §5(NEW).]C. Suspend or revoke the authority of an individual employee or authorized representative of a vendor to act under a limited lines license under section 7002, subsection 2. [2011, c. 297, §5(NEW).] [2011, c. 297, §5(NEW).]
Added by 2011, c. 297,§ 5, eff. 9/28/2011.