44-1543 Violation of cease and desist order; penalties authorized. - Nebraska Statutes

44-1543. Violation of cease and desist order; penalties authorized.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. SourceLaws 1991, LB 234, § 25.