Nevada Administrative Code
Chapter 628B - Private Professional Guardians
STANDARDS OF PRACTICE
Section 628B.370 - Restrictions on private professional guardian company having certain private professional guardians or certified guardians involved in day-to-day operation or management of company; exemption

Universal Citation: NV Admin Code 628B.370

Current through December 12, 2024

1. Except as otherwise provided in subsection 2, a private professional guardian company shall not have a private professional guardian or a certified guardian involved in the day-to-day operation or management of the company if the private professional guardian or certified guardian is serving in that capacity for another private professional guardian company.

2. A private professional guardian company is exempt from the provisions of subsection 1 if the private professional guardian company submits a written request to the Commissioner and the Commissioner approves the request.

3. The Commissioner may revoke the approval given pursuant to subsection 2 at any time if the Commissioner determines that:

(a) Confusion exists in the general public with regard to dealing with different private professional guardian companies that have the same private professional guardian or certified guardian involved in the day-to-day operation or management of each company;

(b) The various business functions of different private professional guardian companies that have the same private professional guardian or certified guardian involved in the day-to-day operation or management of each company are likely to be or are being merged or commingled or, in the opinion of the Commissioner, are otherwise being conducted in a manner that may be deleterious to the best interests of the public or the industry of private professional guardians;

(c) Improper or abusive methods are being used by a private professional guardian company that has the same private professional guardian or certified guardian involved in the day-to-day operation or management of the company as another private professional guardian company; or

(d) A private professional guardian company that has the same private professional guardian or certified guardian involved in the day-to-day operation or management of the company as another private professional guardian company is not conducting its affairs in compliance with this chapter and chapter 628B of NRS.

Added to NAC by Commr of Financial Institutions by R002-16A, eff. 6/28/2016

NRS 628B.210

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