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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 690D.230: Authority of Commissioner to issue cease and desist order; notice and hearing; fines.

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Where this section sits in the code
  1. TITLE 57 — INSURANCE
  2. CHAPTER 690D - GUARANTEED ASSET PROTECTION WAIVERS
  3. 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

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