The Commission may take action pursuant to NRS 645.630 against any person selling insurance for home protection, as defined in NRS 690B.100, under the authority of a license issued pursuant to this chapter who:

1. 1. Makes a misrepresentation in the sale of insurance for home protection.
2. 2. Misrepresents the provisions of the contract of insurance for home protection.
3. 3. Misappropriates any fees or premiums collected for the insurance for home protection.

(Added to NRS by 1981, 1323)