Suspension or revocation of license and other penalties

215 ILCS 136/25, under Portable Electronics Insurance Act.

215 ILCS 136/25

(215 ILCS 136/25)

    Sec. 25. Suspension or revocation of license and other penalties. 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     of the Illinois Insurance Code;        (2) impose other penalties that the Director deems     necessary and reasonable to carry out the purpose of this Act, including, but not limited to:            (A) suspending the privilege of transacting         portable electronics insurance pursuant to this Section at specific business locations where violations have occurred; and            (B) suspending or revoking the ability of         individual employees or authorized representatives to act under the license.    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.

(Source: P.A. 97-366, eff. 1-1-12.)