Penalties for late or false annual statements.
1. Any insurer failing, without just cause beyond the reasonable control of the insurer, to file its annual statement as required in NRS 680A.270 shall be required to pay a penalty of $100 for each day’s delay, but not to exceed $3,000 in aggregate amount, to be recovered in the name of the State of Nevada by the Attorney General.
2. Any director, officer, agent or employee of any insurer who subscribes to, makes or concurs in making or publishing, any annual or other statement required by law, knowing the same to contain any material statement which is false, is guilty of a gross misdemeanor.
Last modified: February 27, 2006