1st Sub. H.B. 61

House Floor Amendments

Amendment 1 January 31, 2012 2:15 PM

Representative Todd E. Kiser proposes the following amendments:

1.    Page 40, Lines 1218 through 1229 :    

             1218          (1) To obtain or renew a portable electronics insurance limited lines license under this
             1219      part, a person shall:
             1220          (a) file with the department an application for a portable electronics limited lines
             1221      license on forms and in the manner the commissioner prescribes;
             1222          (b) subject to Subsection (4), provide the name
{   , residence address,   } and other

             1223      information required by the commissioner for
{   an employee or officer of the vendor that   }        a licensed individual who       is

             1224      designated by the applicant as the person responsible for the vendor's compliance with the
             1225      requirements of this chapter; and
             1226          (c) pay a fee established by the department in accordance with Section 31A-3-103 ,
             1227      except for an initial or renewal portable electronics limited lines license in no event may the fee
             1228      exceed $100 per location in the state at which the vendor engages in portable electronics
             1229      transactions.

2.    Page 42, Lines 1272 through 1278 :    

             1272          Notwithstanding Section 31A-2-308 , if a vendor or the vendor's employee or authorized
             1273      representative violate this part, the commissioner may do any of the following in accordance
             1274      with Title 63G, Chapter 4, Administrative Procedures Act:
             1275          (1) impose a fine not to exceed:
             1276          (a) (i)
{   $100   }        $2,500       per violation by      {   an   }        a licensed       individual; or

             1277          (ii) $5,000 per violation by an entity; or
             1278          (b) $40,000 in the aggregate for the conduct; or

3.    Page 43, Lines 1311 through 1316 :    

             1311          (3) Portable electronics insurance may be offered on a month to month or other
             1312      periodic basis as a group or master commercial inland marine policy issued to a vendor of
             1313      portable electronics for its enrolled customers. Notwithstanding any other provision of law to
             1314      the contrary,
{   a policy of   }        forms for       portable electronics insurance shall be filed with the commissioner in

             1315      accordance with Section 31A-21-201, and rates for portable electronics insurance shall be filed
             1316      in accordance with Section 31A-19a-203.

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