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

Nebraska Statutes

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

Nebraska § 44-1543

Ch. 44Insurance

This text of Nebraska § 44-1543 (Violation of cease and desist order; penalties authorized) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 44-1543 (2026).

Text

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.