Nevada § 686A.140 Violations concerning rebates and inducements: Penalties; effect

Nevada Statutes

§ 686A.140 — Violations concerning rebates and inducements: Penalties; effect

Nevada § 686A.140

Title 57INSURANCE

Ch. 686ATrade

GENERAL PROVISIONS

This text of Nevada § 686A.140 (Violations concerning rebates and inducements: Penalties; effect) 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. § 686A.140 (2026).

Text

1.Any person violating the provisions of NRS 686A.110 or 686A.130 is guilty of a misdemeanor.

2.No agent or broker violating any of such provisions shall be entitled to receive any commission for the sale of any policy on which any rebate or inducement prohibited by NRS 686A.110 or 686A.130 has been given or offered, and the full amount of any commission so paid may be recovered by the insurer so paying.

3.The amount of any insurance upon which the insured has knowingly received or accepted, either directly or indirectly, any unlawful rebate of the premium or agent’s, solicitor’s or broker’s commission shall be reduced in such proportion as the amount or value of such rebate, commission or other consideration so received by the insured bears to the total premium on such policy.

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1. Any person violating the provisions of NRS 686A.110 or 686A.130 is guilty of a misdemeanor.
2. No agent or broker violating any of such provisions shall be entitled to receive any commission for the sale of any policy on which any rebate or inducement prohibited by NRS 686A.110 or 686A.130 has been given or offered, and the full amount of any commission so paid may be recovered by the insurer so paying.
3. The amount of any insurance upon which the insured has knowingly received or accepted, either directly or indirectly, any unlawful rebate of the premium or agent’s, solicitor’s or broker’s commission shall be reduced in such proportion as the amount or value of such rebate, commission or other consideration so received by the insured bears to the total premium on such policy.
4. A title insurer or underwritten title company shall be liable to the State of Nevada for five times the amount of any unlawful commission or rebate paid in violation of NRS 686A.130 , which amount may be recovered by the Commissioner in addition to any other penalty imposed by law.