Nevada Revised Statutes Section 689.510 - Insurance

Permit: Revocation; suspension.

1. After giving written notice of charges to the seller, not less than 30 days in advance of a hearing, the Commissioner may, after the hearing, revoke the seller’s permit if he:

(a) Obtained his permit through misrepresentation or concealment of a material fact;

(b) Is no longer qualified for such a permit; or

(c) Violates any provision of NRS 689.450 to 689.595, inclusive, or any lawful order or regulation of the Commissioner.

2. If a seller is found to be in violation of paragraph (c) of subsection 1, the Commissioner may, in lieu of revocation, suspend his seller’s permit for a period not to exceed 90 days.

Last modified: February 27, 2006