Illinois Compiled Statutes 215 ILCS 136/25 – Suspension or revocation of license and other penalties
Current as of: 2024 | Check for updates
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If a vendor of portable electronics or its employee or authorized representative violates any provision of this Act, then the Director may do any of the following:
(1) take any action in accordance with Section 500-70
(1) take any action in accordance with Section 500-70
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of the Illinois Insurance Code;
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(2) impose other penalties that the Director deems
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necessary and reasonable to carry out the purpose of this Act, including, but not limited to:
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(A) suspending the privilege of transacting
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portable electronics insurance pursuant to this Section at specific business locations where violations have occurred; and
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(B) suspending or revoking the ability of
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individual employees or authorized representatives to act under the license.
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A supervising entity that violates any provision of this Act shall be subject to all appropriate regulatory action as set forth in the Illinois Insurance Code.
