Nev. Admin. Code § 519A.615

Current through December 12, 2024

Section 519A.615 - Partial release of deposit and unused premium

The deposit of a participant and any unused premium paid by him or her may be partially released in the same manner described in NAC 519A.610 if the responsible regulatory authority notifies the Division that:

1. The required amount of the bond has been reduced; or

2. The participant has partially substituted another form of surety for a portion of the coverage provided by the bond pool.

The reduction in the amount of the deposit required is the same percentage as the percentage decrease in the coverage provided by the bond pool.

Nev. Admin. Code § 519A.615

Added to NAC by Dep't of Minerals, eff. 10-9-90; A by Div. of Minerals, 11-14-97

NRS 519A.290