NRS 616B.374
Solicitor’s permit: Advertising or offering for sale membership in proposed association of self-insured public or private employers without permit prohibited

  • application for permit
  • fee
  • penalty
  • exceptions.


Except as otherwise provided in this section, a person shall not advertise or offer for sale in this State any policies or memberships or solicit or receive any money, subscriptions, applications, premiums, assessments, memberships or any other fee or charge in connection with a proposed association of self-insured public or private employers unless the person has obtained a solicitor’s permit from the Commissioner.


To obtain a solicitor’s permit, a person must file a written application with the Commissioner. The application must include:


The name, type and purposes of the association formed or proposed to be formed or financed;


On forms furnished by the Commissioner, for each person associated or to be associated as director, promoter, manager, member of the board or in another similar capacity in the association, or in the formation of the proposed association or in the proposed financing:


His or her name, residential address and qualifications;


His or her business, professional or employment experience for the preceding 10 years; and


A complete set of his or her fingerprints which the Commissioner may forward to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report;


A full disclosure of the terms of all pertinent understandings and agreements existing or proposed among any persons or entities so associated or to be associated, and a copy of each such agreement;


A copy of the articles of incorporation and bylaws of a solicitor, if incorporated;


The plan according to which solicitations are to be made and a reasonably detailed estimate of all administrative and sales expenses to be incurred;


A copy of any certificate proposed to be offered, and a copy of any proposed application therefor;


A copy of any prospectus, offering circular, advertising or sales literature or materials proposed to be used;


Proof of an escrow account and agreement for the deposit of all funds collected during the formation of the association; and


Such additional pertinent information as the Commissioner may reasonably require.


The application must be accompanied by a fee of $500 for the filing of the application and for the issuance of the permit, if granted. A solicitor must submit this fee each year thereafter if the solicitor continues to recruit new members for an association.


A person who violates subsection 1 is guilty of a category D felony and shall be punished as provided in NRS 193.130.


The provisions of this section do not apply to:


A bona fide trade association that has been in existence for at least 5 years and solicits members of its trade association; or


A person who is employed by:


Current members of an association; or


Employers that are considering membership in an association,
Ê whose primary duties do not include solicitation of potential members of the association.

Source: Section 616B.374 — Solicitor’s permit: Advertising or offering for sale membership in proposed association of self-insured public or private employers without permit prohibited; application for permit; fee; penalty; exceptions., https://www.­leg.­state.­nv.­us/NRS/NRS-616B.­html#NRS616BSec374.

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

Jun. 24, 2021

§ 616B.374’s source at nv​.us