1. Except as otherwise provided in subsection
2, the fees to be paid by title agents and title insurers for supervision and
examination may include, without limitation:
(a) For a financial examiner or market
conduct examiner, a daily salary as defined in the Financial
Condition Examiners Handbook or the Market Regulation
Handbook, as applicable, published by the National Association of
Insurance Commissioners, which has been adopted by reference in NAC
679B.033, or such other
compensation as the Commissioner may authorize.
(b) For expert assistants, a daily salary or
other compensation based upon the rate established in the contract approved by
the State Board of Examiners.
(c)
The maximum per diem rate for the location of the examination as set forth in
the Federal Travel Regulation System, 41 C.F.R. chapters 300 to 304,
inclusive.
(d) Expenses for
transportation, including, without limitation, the cost of airfare, rail fare,
taxicab fare and automobile rental and the reimbursement of any personal
automobile expenses necessary to reach the location of the examination. The
calculation of expenses for transportation may include expenses for
transportation incurred by virtue of the length of time necessary to complete
the examination.
(e) Upon approval
of the Commissioner, miscellaneous expenses incurred by the examiner and
assistants while performing an examination. Miscellaneous expenses may include,
without limitation, expenses for telephone calls, facsimile transmissions and
postal charges relating to the examination.
2. If, pursuant to subsection 4 of
NRS
692A.100, the examination is performed by the
Commissioner of Financial Institutions, the fee will be $50 per hour.
3. In addition to the fee charged pursuant to
subsection 1 or 2, the Commissioner of Insurance will also charge the title
agent or title insurer an amount equal to one-half of the fee charged pursuant
to paragraphs (a) and (b) of subsection 1 or subsection 2 to cover
administrative costs.
Added to NAC by Comm'r of
Insurance, eff. 9-16-92; A by R028-02, 5-31-2002; R127-06, 9-18-2006; A by
R089-17AP,
eff. 5/16/2018
