Nev. Rev. Stat. § 688C.214

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 688C.214 - Action by Commissioner against producer of life insurance for violation or acting in bad faith regarding viator; application for hearing

1. If the Commissioner finds that a producer of life insurance has violated a provision of this chapter or other applicable provisions or has acted in bad faith with regard to a viator, the Commissioner may:

(a) Refuse to:

(1) Issue a license to the producer of life insurance; or

(2) Renew a license of the producer of life insurance;

(b) Suspend the producer of life insurance for a period not to exceed 12 months; or

(c) Place the producer of life insurance on probation.

2. If the Commissioner takes action as described in paragraph (a), (b) or (c) of subsection 1, the producer of life insurance may apply in writing for a hearing before the Commissioner to determine the reasonableness of the action taken by the Commissioner, pursuant to the provisions of NRS 679B.310 to 679B.370, inclusive.

NRS 688C.214

Added to NRS by 2009, 1790