1. After the Commissioner conducts a hearing pursuant to NRS 685B.160, the Commissioner shall issue an order pursuant to NRS 679B.360. If the Commissioner determines that the person being charged has engaged in a practice prohibited by this Code, the Commissioner shall order the person to cease and desist from that practice.
2. If the person knew or reasonably should have known that he or she was in violation of this Code, the Commissioner may order the person to pay an administrative fine of not more than $10,000 for each act or violation.
3. The Commissioner may modify or set aside, in whole or in part, any order issued by him or her pursuant to this section, but any such action must be made before the expiration of the period for appeal or before the official record in the proceeding has been filed with the court.
(Added to NRS by 1983, 960; A 1993, 2393)
Structure Nevada Revised Statutes
Chapter 685B - Unauthorized Insurers; Prohibitions, Process and Advertising
NRS 685B.010 - Purpose of chapter.
NRS 685B.030 - Transaction of unauthorized insurance business unlawful; exceptions; venue; effect.
NRS 685B.040 - Injunctive relief.
NRS 685B.050 - Service of process on unauthorized insurer.
NRS 685B.070 - Enforcement of foreign decrees.
NRS 685B.080 - Penalty; liability for payment of premium taxes.
NRS 685B.083 - Penalty for representing or aiding unauthorized insurer.
NRS 685B.087 - Penalty for transaction of unauthorized insurance business.
NRS 685B.110 - Action by Commissioner; penalty.
NRS 685B.120 - Person providing specified coverage; exception.
NRS 685B.130 - Proof of regulation by Federal Government.
NRS 685B.140 - Submission to examination of Commissioner.
NRS 685B.150 - Information to be provided to agents, brokers and others.
NRS 685B.160 - Statement of charges; notice of hearing.
NRS 685B.170 - Order after hearing; administrative fines; modification of order.