If a vendor of portable electronics or its employee or authorized representative violates any provision of this section, the Commissioner may do any of the following:

(1)        Revoke or suspend a limited lines license issued under this Part [Article] in accordance with the provisions of N.C. Gen. Stat. § 58-33-46.

(2)        After notice and hearing, impose other penalties, including suspending the transaction of insurance at specific locations where violations of this Article have occurred, as the Commissioner deems necessary and reasonable to carry out the purpose of this Article. ?(2011-225, s. 1.)

Terms Used In North Carolina General Statutes 58-44A-20

  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Portable electronics: Electronic devices that are portable in nature, their accessories, and services related to the use of the device. See North Carolina General Statutes 58-44A-1
  • Vendor: A person in the business of engaging in portable electronics transactions directly or indirectly. See North Carolina General Statutes 58-44A-1
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