1. A person forming or proposing to form a domestic insurer, or insurance holding
corporation thereof, or corporation to be attorney-in-fact for a domestic reciprocal
insurer, or proposing to secure funds for the formation or financing of a domestic
insurer, or production of insurance business therefor, or for an insurance holding
corporation holding or proposing to hold securities of a domestic insurer, or for
an attorney-in-fact corporation of a domestic reciprocal insurer, or for the formation
or financing of a syndicate, association, firm, partnership or organization for any
such purposes, shall not in this state advertise or offer for sale any securities
or policies, or solicit or receive any funds, subscriptions, applications, premiums
or memberships, except as authorized by a currently effective permit, in this chapter
sometimes referred to as a “solicitation permit,” issued by the Commissioner.
2. A person who violates the provisions of this section is guilty of a category D
felony and shall be punished as provided in NRS 193.130.
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