Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER693A. Corporate Powers and Procedures of Domestic Stock and Mutual Insurers |
CONVERSION OF MUTUAL INTO STOCK INSURER |
NRS693A.515. Unlawful acquisition of securities: Imposition of administrative penalty for violation.
Latest version.
- A person who offers to acquire or acquires a security in violation of subsection 1 of NRS 693A.500 may be required by the Commissioner, after notice and hearing, to pay an administrative penalty of $100 for each day that the person remains in violation, except that the aggregate penalty pursuant to this section may not exceed $10,000.
(Added to NRS by 2001, 2240)