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2017 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-1543 Violation of cease and desist order; penalties authorized.
Universal Citation: NE Code § 44-1543 (2017)
44-1543. Violation of cease and desist order; penalties authorized.
Any insurer who violates a cease and desist order of the director under section 44-1542 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 1991, LB 234, ยง 25.
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