There is a newer version
of
this Statute
2020 Nevada Revised Statutes
Chapter 679B - Commissioner of Insurance
NRS 679B.187 - Person who invests or handles money or assets of insurer designated fiduciary; penalty for engaging in prohibited conduct.
Universal Citation: NV Rev Stat § 679B.187 (2020)
1. An officer, director, employee or agent of a domestic or foreign insurer who has the duty or power of investing or handling the money or assets of the insurer located in this state is a fiduciary of that money or those assets. Such an officer, director, employee or agent shall not appropriate, divert or convert to his or her own use such money or assets.
2. A person who violates subsection 1 is guilty of embezzlement and, in addition to any other penalty provided by law, shall be punished in accordance with NRS 205.300.
(Added to NRS by 1997, 3016)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
