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.
Neb. Rev. Stat. § 44-1543
Violation of cease and desist order; penalties authorized
Laws 1991, LB 234, § 25.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.