Nevada § 685B.080 Penalty; liability for payment of premium taxes

Nevada Statutes

§ 685B.080 — Penalty; liability for payment of premium taxes

Nevada § 685B.080

Title 57INSURANCE

Ch. 685BUnauthorized

UNAUTHORIZED TRANSACTION OF INSURANCE

This text of Nevada § 685B.080 (Penalty; liability for payment of premium taxes) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 685B.080 (2026).

Text

1.Any unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in the Unauthorized Insurers Act may be fined not more than $10,000 for each act or violation.

2.In addition to the penalties provided in subsection 1, such a violator is liable, personally, jointly and severally with any other person liable therefor, for the payment of premium taxes at the same rate of tax as imposed by law on the premiums of similar coverages written by authorized insurers.

Free access — add to your briefcase to read the full text and ask questions with AI

1. Any unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in the Unauthorized Insurers Act may be fined not more than $10,000 for each act or violation.
2. In addition to the penalties provided in subsection 1, such a violator is liable, personally, jointly and severally with any other person liable therefor, for the payment of premium taxes at the same rate of tax as imposed by law on the premiums of similar coverages written by authorized insurers.