NRS 616B.431
Withdrawal of certificate of association: Informal meeting

  • notice of withdrawal
  • hearing
  • effective date of withdrawal.

1.

Except as otherwise provided in NRS 616D.120, before any action may be taken pursuant to subsection 2, the Commissioner shall arrange an informal meeting with an association of self-insured public or private employers to discuss and seek correction of any conduct which would be grounds for withdrawal of the certificate of the association.

2.

Except as otherwise provided in subsection 3 and NRS 616D.120, before the withdrawal of the certificate of any association of self-insured public or private employers, the Commissioner shall give written notice to the association by certified mail that its certificate will be withdrawn 10 days after receipt of the notice unless, within that time, the association corrects the conduct set forth in the notice as the reason for the withdrawal or submits a written request for a hearing to the Commissioner.

3.

The Commissioner may grant additional time, not to exceed an additional 120 days, before the withdrawal of the certificate of an association if:

(a)

The grounds for withdrawal of the certificate of the association are based on paragraph (d) of subsection 2 of NRS 616B.428; and

(b)

The association is financially sound and capable of fulfilling its commitments.

4.

If the association requests a hearing:

(a)

The Commissioner shall set a date for a hearing within 20 days after receiving the request and give the association at least 10 business days’ notice of the time and place of the hearing.

(b)

A record of the hearing must be kept, but it need not be transcribed unless requested by the association with the cost of transcription to be charged to the association.

(c)

Within 5 business days after the hearing, the Commissioner shall either affirm or disaffirm the withdrawal and give the association written notice thereof by certified mail. If withdrawal of certification is affirmed, the withdrawal becomes effective 10 business days after the association receives notice of the affirmance unless within that period the association corrects the conduct which was grounds for the withdrawal or petitions for judicial review of the affirmance.

5.

If the withdrawal of certification is affirmed following judicial review, the withdrawal becomes effective 5 days after entry of the final decree of affirmance.

Source: Section 616B.431 — Withdrawal of certificate of association: Informal meeting; notice of withdrawal; hearing; effective date of withdrawal., https://www.­leg.­state.­nv.­us/NRS/NRS-616B.­html#NRS616BSec431.

616B.350
Qualification as association of self-insured public or private employers
616B.353
Indemnity agreement
616B.356
Certificate of authority required before surety or bonding company may furnish bond or other security for association.
616B.359
Certificate of qualification as an association of self-insured employers: Time for consideration of application
616B.362
Effect of certification
616B.365
Board of trustees: Members
616B.368
Board of trustees: Fiscal responsibilities
616B.371
Association’s administrator prohibited from financial interest in third-party administrator
616B.374
Solicitor’s permit: Advertising or offering for sale membership in proposed association of self-insured public or private employers without permit prohibited
616B.377
Solicitor’s permit: Commissioner to conduct investigation after filing of application for permit
616B.380
Solicitor’s permit: Power of Commissioner to suspend or revoke permit
616B.383
Advertisements or written materials to join association of self-insured public or private employers
616B.386
Membership in association: Application
616B.388
Provision of member information upon request.
616B.392
Notification of Commissioner required if change in information submitted for certification.
616B.395
Examination of books, records, accounts and assets of association by Commissioner
616B.398
Commissioner is agent of association for receipt of initial legal process.
616B.401
Merger of associations.
616B.404
Statement of financial condition: Filing dates
616B.407
Calculation of annual assessment paid by each member of association.
616B.410
Annual audits
616B.413
Payment of dividends to members of association.
616B.416
Plan for payment of annual assessments by members of association.
616B.419
Required reserves.
616B.422
Insufficient assets to pay compensation due and maintain reserves.
616B.425
Order by Commissioner to cease and desist
616B.428
Administrative fines for violations
616B.431
Withdrawal of certificate of association: Informal meeting
616B.434
Retention by Commissioner of security deposit in event of termination of association.
616B.437
Judicial review of Commissioner’s decision.
616B.440
Insolvency
616B.443
Assessment of all associations to provide for claims against insolvent association
616B.446
Regulations.
Last Updated

Jun. 24, 2021

§ 616B.431’s source at nv​.us