Arkansas Statutes
§ 23-88-505 — Suspension or revocation of license
Arkansas·Title 23
If a vendor, its employee, or its authorized representative violates a provision of this subchapter, the Insurance Commissioner may after notice and a hearing impose on the vendor:
(1)Fines not to exceed five hundred dollars ($500) per violation or five thousand dollars ($5,000) in the aggregate; and (2) Other penalties that the commissioner deems necessary and reasonable to carry out the purpose of this subchapter, including without limitation:
(A)Suspending the privilege of transacting portable electronics insurance at specific business locations where violations have occurred; and (B) Suspending or revoking the ability of individual employees or authorized representatives of the vendor to act under a license issued under this subchapter.
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Legislative History
Acts 2011, No. 1018, § 1.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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