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2016 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-1532 Cease and desist orders; violations.

NE Code § 44-1532 (2016) What's This?

44-1532. Cease and desist orders; violations.

Any insurer who violates a cease and desist order of the director under section 44-1529 may after notice and hearing and upon order of the director be subject to:

(1) A monetary penalty of not more than thirty thousand dollars for each violation, not to exceed an aggregate penalty of one hundred fifty thousand dollars; and

(2) Suspension or revocation of the insurer's license or certificate of authority.

Source

  • Laws 1973, LB 349, § 11;
  • Laws 1991, LB 234, § 14.

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