Nev. Rev. Stat. § 616B.506

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 616B.506 - Imposition of administrative fine for violations; withdrawal of certification

The Commissioner shall impose an administrative fine, not to exceed $1,000 for each violation, and may withdraw the certification of any third-party administrator who:

1. Fails to comply with regulations of the Commissioner regarding reports or other requirements necessary to carry out the purposes of chapters 616A to 616D, inclusive, or chapter 617 of NRS; or

2. Violates any provision of NRS 616B.0275 or 616B.503 or any regulation adopted by the Commissioner or the Administrator concerning the administration of the plan of insurance.

NRS 616B.506

Added to NRS by 1991, 2393; A 1993, 711; 1999, 218; 2023, 3616

Amended by 2023, Ch. 535,§6, eff. 1/1/2024.

Added to NRS by 1991, 2393; A 1993, 711; 1999, 218