State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-693a > Conversion-of-mutual-into-stock-insurer > 693a-515

693A.515 Unlawful acquisition of securities: Imposition of administrative penalty for violation. A person who offers to acquire or acquires a security in violation of subsection 1 of NRS 693A.500 may be required by the Commissioner, after notice and hearing, to pay an administrative penalty of $100 for each day that the person remains in violation, except that the aggregate penalty pursuant to this section may not exceed $10,000.

(Added to NRS by 2001, 2240)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-693a > Conversion-of-mutual-into-stock-insurer > 693a-515

693A.515 Unlawful acquisition of securities: Imposition of administrative penalty for violation. A person who offers to acquire or acquires a security in violation of subsection 1 of NRS 693A.500 may be required by the Commissioner, after notice and hearing, to pay an administrative penalty of $100 for each day that the person remains in violation, except that the aggregate penalty pursuant to this section may not exceed $10,000.

(Added to NRS by 2001, 2240)