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23-88-505. Suspension or revocation of license.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-88-505. Suspension or revocation of license.
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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-88-505
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-88-505
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a0ab4840adc40e15321586ace62bea074f6a9eaeb196f073731d32e1780411cf
Source location: content.xml paragraph 53497
Stored source content
23-88-505. Suspension or revocation of license.
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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