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Current as of January 01, 2022 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Rhode Island General Laws Title 27. Insurance § 27-2.7-5. Suspension or revocation of license - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-27-insurance/ri-gen-laws-sect-27-2-7-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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