Nevada § 693A.520 Unlawful acquisition of securities: Imposition of administrative penalty against director, officer or agent

Nevada Statutes

§ 693A.520 — Unlawful acquisition of securities: Imposition of administrative penalty against director, officer or agent

Nevada § 693A.520

Title 57INSURANCE

Ch. 693ACorporate

CONVERSION OF MUTUAL INTO STOCK INSURER

This text of Nevada § 693A.520 (Unlawful acquisition of securities: Imposition of administrative penalty against director, officer or agent) 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. § 693A.520 (2026).

Text

Any director or officer of a person, or an agent of the person, who knowingly violates or assents to or permits any officer or agent of the person to violate the requirements of NRS 693A.500 may be required by the Commissioner, after notice and hearing, to pay, in his or her individual capacity, an administrative penalty of not more than $5,000 per violation. In determining the amount of the penalty, the Commissioner shall take into account the appropriateness of the penalty with respect to the gravity of the violation, the history of previous violations, and such other matters as the Commissioner determines are required in the interest of justice.

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Any director or officer of a person, or an agent of the person, who knowingly violates or assents to or permits any officer or agent of the person to violate the requirements of NRS 693A.500 may be required by the Commissioner, after notice and hearing, to pay, in his or her individual capacity, an administrative penalty of not more than $5,000 per violation. In determining the amount of the penalty, the Commissioner shall take into account the appropriateness of the penalty with respect to the gravity of the violation, the history of previous violations, and such other matters as the Commissioner determines are required in the interest of justice.