Maine Revised Statutes Title 24-A Sec. 7005 – Violations
Current as of: 2023 | Check for updates
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1. Penalties. If a vendor or its employee or authorized representative violates any provision of this chapter, the superintendent may enforce this chapter in accordance with section 12?A except the superintendent may not impose a fine exceeding $15,000 for aggregate conduct in violation of this chapter.
[PL 2011, c. 297, §5 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 7005
- Limited lines license: means a license to sell or offer a policy for portable electronic device insurance. See Maine Revised Statutes Title 24-A Sec. 7001
- Portable electronic device: means an electronic device that is portable in nature, its accessories and services related to the use of the device. See Maine Revised Statutes Title 24-A Sec. 7001
- Portable electronic device insurance: means insurance authorized under section 705 providing coverage for the repair or replacement of a portable electronic device that may cover a portable electronic device against any one or more of the following causes of loss: loss, theft, inoperability due to mechanical failure, malfunction, damage or other similar causes of loss. See Maine Revised Statutes Title 24-A Sec. 7001
- Vendor: means a person in the business of engaging in portable electronic device transactions directly or indirectly. See Maine Revised Statutes Title 24-A Sec. 7001
2. Suspension or revocation. In addition to any other penalties authorized by law, the superintendent may:
A. Suspend the authority of a vendor to transact portable electronic device insurance; [PL 2011, c. 297, §5 (NEW).]
B. Suspend the authority of a vendor to transact portable electronic device insurance pursuant to this chapter at specific business locations where violations have occurred; and [PL 2011, c. 297, §5 (NEW).]
C. Suspend or revoke the authority of an individual employee or authorized representative of a vendor to act under a limited lines license under section 7002, subsection 2. [PL 2011, c. 297, §5 (NEW).]
[PL 2011, c. 297, §5 (NEW).]
SECTION HISTORY
PL 2011, c. 297, §5 (NEW).