Nevada Administrative Code
Chapter 616A - Industrial Insurance: Administration
ADMINISTRATORS
Section 616A.550 - Certificate of registration: Grounds for refusal to recommend for final approval
Universal Citation: NV Admin Code 616A.550
Current through December 12, 2024
1. The Division may refuse to recommend for final approval an application for a certificate of registration as an administrator pursuant to subsection 3 of NRS 683A.08524 because:
(a) A principal of the applicant was formerly a principal of a third-party administrator or insurer which has an outstanding debt owing to the Division or an injured employee;
(b) The information in the application reveals that the applicant does not maintain, based on the experience, caseload and number of clients of its adjuster, a sufficient number of experienced and qualified persons to properly administer claims; or
(c) Any other reason the Division determines may hinder the prompt and efficient payment of compensation to injured employees.
2. As used in this section:
(a) "Debt" includes, without limitation, an administrative fine, a benefit penalty or a penalty imposed pursuant to subsection 4 of NRS 616C.065.
(b) "Principal" means an owner, manager, officer, proprietor or any other person having a significant degree of control over the administration of claims.
Added to NAC by Div. of Industrial Relations by R149-09, eff. 10-23-2013
NRS 616A.400
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