Section 680A.201 - Prohibited conduct1. No director or officer of an insurer shall, directly or indirectly: (a) Make or cause to be made a materially false or misleading statement to an accountant in connection with any audit, review or communication required under NAC 680A.173 to 680A.211, inclusive; or(b) In light of the circumstances under which the statements were made, omit to state, or cause another person to omit to state, any material fact necessary for the annual Audited Financial Report, in order to make statements made to be misleading to an accountant in connection with any audit, review or communication required by NAC 680A.173 to 680A.211, inclusive.2. No director or officer of an insurer, or any other person acting under the direction thereof, shall directly or indirectly take any action to coerce, manipulate, mislead or fraudulently influence any accountant engaged in the performance of an audit pursuant to NAC 680A.173 to 680A.211, inclusive, if that person knew or should have known that the action, if successful, could result in rendering the insurer's financial statements materially misleading. Such actions include, without limitation, actions taken at any time with respect to the professional engagement period to coerce, manipulate, mislead or fraudulently influence an accountant: (a) To issue or reissue an annual Audited Financial Report on an insurer's financial statements that may be materially misleading, if not warranted by the circumstances because of material violations of statutory accounting principles prescribed by the Commissioner, generally accepted auditing standards, or other professional or regulatory standards;(b) Not to perform an audit, review or other procedure required by generally accepted auditing standards or other professional standards;(c) Not to withdraw an issued report; or(d) Not to communicate matters to an insurer's audit committee.Nev. Admin. Code § 680A.201
Added to NAC by Comm'r of Insurance by R205-08, 11-25-2009, eff. 1-1-2010NRS 679B.130, 680A.265, 680A.270