If a vendor of portable electronics or its employee or authorized representative violates any provision of this chapter, the commissioner may:

1. I. After notice and hearing, impose fines not to exceed $500 per violation or $5,000 in the aggregate for such conduct;

2. II. After notice and hearing, impose other penalties that the commissioner deems necessary and reasonable to carry out the purpose of this article, including:

   1. (a) Suspending the privilege of transacting portable electronics insurance pursuant to this section at specific business locations where violations have occurred; and
   2. (b) Suspending or revoking the ability of individual employees or authorized representatives to act under the license.

Source. 2012, 290:1, eff. Sept. 15, 2012.