NRS 616B.377
Solicitor’s permit: Commissioner to conduct investigation after filing of application for permit

  • required issuance of permit
  • Commissioner to give notice to applicant if application denied
  • fee nonrefundable.

1.

After the filing of an application for a solicitor’s permit, the Commissioner shall promptly cause an investigation to be made of:

(a)

The identity, character, reputation, experience, financial standing and motives of the persons proposing to organize, promote or finance the association of self-insured public or private employers;

(b)

The character, financial responsibility, management experience and business qualifications of the officers, directors and managers of the existing or proposed association; and

(c)

Any other aspects of the solicitor, association or proposed financing as the Commissioner deems advisable.

2.

The Commissioner shall expeditiously examine an application for a solicitor’s permit and complete the investigation required pursuant to subsection 1. Except as otherwise provided in subsection 3, if the Commissioner finds after performing an examination and investigation that:

(a)

The application is complete and the applicable fee has been paid;

(b)

The documents filed with the application are proper in form; and

(c)

The proposed financing is reasonable and adequate in amount for the purposes intended and the applicant is otherwise entitled to the permit,
Ê the Commissioner shall issue a permit and assign a permit number to the applicant.

3.

If the Commissioner does not so find, or finds that:

(a)

The applicant is not competent, trustworthy, financially responsible or of good personal and business reputation;

(b)

Any of the persons associated or to be associated with the association are not of good reputation as to business affairs or financial responsibility; or

(c)

There is material variance, adverse to the applicant, as between the information furnished by the applicant in connection with the application and that determined by the Commissioner on investigation,
Ê the Commissioner shall give notice to the applicant that a permit will not be granted, stating the particulars of the grounds for the denial. The Commissioner shall not refund the fee for the filing of the application.

Source: Section 616B.377 — Solicitor’s permit: Commissioner to conduct investigation after filing of application for permit; required issuance of permit; Commissioner to give notice to applicant if application denied; fee nonrefundable., https://www.­leg.­state.­nv.­us/NRS/NRS-616B.­html#NRS616BSec377.

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.377’s source at nv​.us