Nebraska § 44-1543 Violation of cease and desist order; penalties authorized

Nebraska Statutes

§ 44-1543 — Violation of cease and desist order; penalties authorized

Nebraska·Ch. 44 Insurance

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.

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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.

Nebraska § 44-1543 (Violation of cease and desist order; penalties authorized) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.