Nevada Administrative Code
Chapter 681B - Insurance: Assets and Liabilities
RISK-BASED CAPITAL OF INSURERS
Miscellaneous Provisions
Section 681B.580 - Right of insurer to confidential administrative hearing to challenge certain actions of Commissioner
Current through September 16, 2024
An insurer or health organization has the right to a confidential administrative hearing before the Division, on the record, subject to the provisions of NRS NRS NRS 679B.310 to 679B.370, inclusive, at which the insurer or health organization may challenge:
1. Any adjustment to the report on risk-based capital made by the Commissioner pursuant to NAC 681B.485;
2. The determination by the Commissioner that the plan or revised plan for risk-based capital of the insurer or health organization is unsatisfactory, if the Commissioner has specified pursuant to NAC 681B.500 that the notification of that determination constitutes an event that requires regulatory action;
3. Any determination by the Commissioner that the insurer or health organization has failed to adhere to its plan or revised plan for risk-based capital, if the failure has a substantial adverse effect on the ability of the insurer or health organization to eliminate an event that requires company action; or
4. Any corrective order issued by the Commissioner pursuant to NAC 681B.400 to 681B.595, inclusive, and sections 2, 3 and 4.
Added to NAC by Comm'r of Insurance by R088-97, eff. 3-19-98; A by R132-13, eff. 10/1/2014
NRS 233B.050, 679B.130, 681B.290
