Nevada Revised Statutes Section 695A.580 - Insurance

Penalties.

1. Any person who makes a false or fraudulent statement in or relating to an application for membership or for the purpose of obtaining money from or a benefit in any society is guilty of a gross misdemeanor.

2. Any person who solicits membership for, or in any manner assists in procuring membership in, any society not licensed to do business in this state is subject to an administrative fine, imposed by the Commissioner, of not less than $25 nor more than $500 for each violation. In addition if the person is an insurance agent of the society, the Commissioner may suspend, revoke, limit or refuse to continue his license in the manner provided in NRS 683A.451 and 683A.461.

3. Any person convicted of a willful violation of, or neglect or refusal to comply with, any provision of this chapter for which a penalty is not otherwise prescribed shall be punished by a fine of not more than $1,000 for each violation, and not more than $10,000 for all related violations.

Last modified: February 27, 2006