Nevada Administrative Code
Chapter 683A - Persons Involved in Sale or Administration of Insurance
ADMINISTRATORS
Section 683A.115 - Evaluation of applicant
Universal Citation: NV Admin Code 683A.115
Current through December 31, 2024
1. The Division will, to evaluate the competency and personal and business reputations of an applicant, review the applicant's past performance in handling, settling and adjudicating claims. The applicant must include with his or her application information in his or her business plan concerning:
(a) The names, experience and qualifications of the members of his or her staff;
(b) A description of the facilities for handling claims, including a description of any computer software used in the process; and
(c) The method used for handling inquiries from claimants.
2. To determine:
(a) An applicant's or licensee's ability to administer; and
(b) Whether an applicant is administering claims properly, the Division will review reports from clients, other agencies of this State and any agency of another state.
3. An applicant who is licensed, certified or otherwise authorized by another state to act as an administrator shall submit to the Division a letter or certificate of good standing from the appropriate agency of that state.
Added to NAC by Comm'r of Insurance, eff. 1-22-86; A 5-27-92; 12-15-94; R152-99, 1-28-2000
NRS 679B.130, 683A.08524
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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