Nevada Administrative Code (Last Updated: January 6, 2015)

NAC679B.160. Payment of fee imposed by statute; administrative fine.

Latest version.

1. Each insurer authorized to transact casualty or property insurance in this State shall pay the fee required pursuant to NRS 679B.450 on or before September 1 of each year.

2. Each such insurer who fails to pay the fee or fails to deliver the fee to the Division by September 1 is subject to an administrative fine of not less than $25 for each day the fee remains unpaid up to the maximum fine set forth in NRS 679B.460.

(Added to NAC by Comm’r of Insurance, eff. 3-30-94)

                    
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