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Code · Nebraska · Chapter 44 — Insurance

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

68 words·~1 min read·/ne/chapter-44/44-1543

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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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