NRS 688C.214
Action against producer of life insurance for acting in bad faith.

1.

If the Commissioner finds that a producer of life insurance has violated a provision of this chapter or other applicable provisions or has acted in bad faith with regard to a viator, the Commissioner may:

(a)

Refuse to:

(1)

Issue a license to the producer of life insurance; or

(2)

Renew a license of the producer of life insurance;

(b)

Suspend the producer of life insurance for a period not to exceed 12 months; or

(c)

Place the producer of life insurance on probation.

2.

If the Commissioner takes action as described in paragraph (a), (b) or (c) of subsection 1, the producer of life insurance may apply in writing for a hearing before the Commissioner to determine the reasonableness of the action taken by the Commissioner, pursuant to the provisions of NRS 679B.310 to 679B.370, inclusive.

Source: Section 688C.214 — Action against producer of life insurance for acting in bad faith., https://www.­leg.­state.­nv.­us/NRS/NRS-688C.­html#NRS688CSec214.

688C.170
Regulations of Commissioner. 688C.175
Applicability of other statutes. 688C.180
Examinations and investigations by Commissioner. 688C.190
License to operate as investment agent, provider or broker: General requirements 688C.200
Investigation of applicant and issuance of license 688C.210
Suspension, revocation or refusal of license 688C.212
Certain financial planners must be licensed as insurance consultants. 688C.213
Probation of broker or investment agent of viatical settlements for acting in bad faith. 688C.214
Action against producer of life insurance for acting in bad faith. 688C.215
License to operate as investment agent or broker not required for certain producers of insurance. 688C.220
Filing and approval of forms 688C.230
Filing of annual statement 688C.240
Retention of records and documents. 688C.242
Viatical settlement investment agent: Representation of provider. 688C.244
Viatical settlement investment agent: Identity of or communication with viator or insured. 688C.250
Disclosures to viator upon or before execution of application for settlement. 688C.260
Disclosures to viator upon or before execution of settlement. 688C.262
Disclosure to purchaser of viatical settlement 688C.264
Additional disclosure to purchaser of viatical settlement. 688C.266
Form of certain disclosures. 688C.268
Disclosure to issuer of policy. 688C.270
Prerequisites to entry by viator into settlement within 5 years after issuance of policy 688C.275
Restrictions on business of broker of viatical settlements and provider of viatical settlements. 688C.280
Acquisition of certain documents by provider or broker before entry into settlement 688C.285
Insurer 688C.290
Submission by viator of certain documents to escrow agent 688C.300
Rescission of viatical settlement. 688C.310
Contact with insured to determine address and telephone or status of health after settlement. 688C.320
Confidentiality of medical information. 688C.330
Notice of transfer of ownership or change of beneficiary of viaticated policy by provider
Last Updated

Feb. 5, 2021

§ 688C.214’s source at nv​.us