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Illinois Statutes Chapter 215. Insurance § 136/25. Suspension or revocation of license and other penalties

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 25. Suspension or revocation of license and other penalties. If a vendor of portable electronics or its employee or authorized representative violates any provision of this Act, then the Director may do any of the following:

(1) take any action in accordance with Section 500-70 of the Illinois Insurance Code;

(2) impose other penalties that the Director deems necessary and reasonable to carry out the purpose of this Act, including, but not limited to:

(A) suspending the privilege of transacting portable electronics insurance pursuant to this Section 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.

A supervising entity that violates any provision of this Act shall be subject to all appropriate regulatory action as set forth in the Illinois Insurance Code.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 136/25. Suspension or revocation of license and other penalties - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-136-25/

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