NRS691D.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.

      (Added to NRS by 2011, 2027)