2023 Nevada Revised Statutes
Chapter 685B - Unauthorized Insurers; Prohibitions, Process and Advertising
NRS 685B.110 - Action by Commissioner; penalty.

1. If within 30 days following the giving of the notice provided for in NRS 685B.100 the insurer has not ceased such dissemination, and if the Commissioner has reason to believe that such insurer is soliciting, issuing or delivering contracts of insurance to residents of this State or collecting premiums on such contracts or performing any other transaction in connection with such insurance, and that a proceeding by the Commissioner in respect to such matters would be to the interest of the public, the Commissioner shall take action against such insurer under the provisions of NRS 686A.180 (trade practices act, service of process on unauthorized insurers).

2. If upon such hearing the Commissioner finds that the insurer has misrepresented as referred to in NRS 685B.100, the Commissioner shall by order on such hearing require the insurer to cease and desist from such violation, and shall mail a copy of the order by registered or certified mail to the insurer at its principal place of business last of record with the Commissioner and to the insurance supervisory officer of the insurer’s domiciliary state or province. Each violation thereafter of such desist order shall subject the insurer to a penalty of $2,000, to be recovered by a civil action brought against the insurer by the Commissioner. Service of process upon the insurer in such action may be made upon the Commissioner pursuant to NRS 685B.050 or 686A.180 or in any other lawful manner.

(Added to NRS by 1971, 1687)