Section 23-88-505 - Suspension or revocation of licenseIf 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. Acts 2011, No. 1018, § 1.