NRS 690D.230: Authority of Commissioner to issue cease and desist order; notice and hearing; fines.
Where this section sits in the code
- TITLE 57 — INSURANCE
- CHAPTER 690D - GUARANTEED ASSET PROTECTION WAIVERS
- ENFORCEMENT AND PENALTIES
Except as otherwise provided in NRS 690D.100:
1. The Commissioner may order any person, including, without limitation, a creditor or administrator, to cease and desist any conduct that violates any provision of this chapter.
2. A person who violates any provision of this chapter may, after a hearing conducted pursuant to NRS 679B.310 to 679B.370, inclusive, be assessed a civil penalty by the Commissioner of not more than $500 for each act or violation, not to exceed an aggregate amount of $10,000 for violations of a similar nature. For the purposes of this section, violations shall be deemed to be of a similar nature if the violations consist of the same or similar conduct, regardless of the number of times the conduct occurred.
Collected 2026-09-03T05:51:46Z. Source file · JSON