NRS 691D.510
Administrative fines

  • suspension of privilege of vendor, employee or authorized representative to sell or offer portable electronics insurance
  • suspension or revocation of license.
If a vendor or an employee or authorized representative of a vendor violates any provision of this chapter or an order or regulation of the Commissioner issued or adopted pursuant thereto, the Commissioner may, after notice and an opportunity for a hearing:

1.

Impose an administrative fine pursuant to NRS 683A.461 for each violation, which must not exceed $50,000 in the aggregate;

2.

Suspend a vendor’s privilege of engaging in the sale or offering of coverage under a policy of portable electronics insurance at a particular location where the vendor does business;

3.

Suspend or revoke the privilege of an employee or authorized representative of a vendor to sell or offer coverage under a policy of portable electronics insurance; or

4.

Suspend or revoke the license issued by the Commissioner to the vendor as a licensed producer of insurance.

Source: Section 691D.510 — Administrative fines; suspension of privilege of vendor, employee or authorized representative to sell or offer portable electronics insurance; suspension or revocation of license., https://www.­leg.­state.­nv.­us/NRS/NRS-691D.­html#NRS691DSec510.

Last Updated

Jun. 24, 2021

§ 691D.510’s source at nv​.us