§ 27-1-15.9-16 — Violations

Indiana § 27-1-15.9-16

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 15.9: Portable Electronics Insurance

Text

(a) This section supplements and does not
limit the actions that may be taken by the commissioner for a violation
under IC 27-1-15.6.
(b) If a vendor or an employee or authorized representative of a
vendor violates this chapter, the commissioner may do any of the
following:
(1) After notice and hearing, impose on the vendor a civil penalty
of not less than fifty dollars ($50) and not more than ten thousand
dollars ($10,000).
(2) After notice and hearing, impose other penalties that the
commissioner considers necessary and reasonable, including:
(A) suspending the privilege of transacting portable electronics
insurance under this chapter at specific locations where
violations have occurred; and
(B) suspending or revoking the ability of an individual
employee or authorized representative to act under the vendor's
limited lines producer license.
(3) Take action that is otherwise authorized under this title against
the supervising entity.

Legislative History

As added by P.L.4-2012, SEC.3. Amended by P.L.276-2013, SEC.16.