Nev. Admin. Code § 683A.430

Current through August 29, 2024
Section 683A.430 - Curing of deficiency
1. Any person having a deficit in his or her fiduciary account, as measured pursuant to NAC 683A.420, must cure the deficiency within 5 days after receiving notice of the deficiency from the Commissioner by:
(a) Depositing an amount equal to the deficiency in the trust account; and
(b) Sending a written explanation for the deficiency to the Commissioner.
2. The Commissioner will consider any person who fails to cure a deficiency in the fiduciary account pursuant to subsection 1, to be financially irresponsible pursuant to subsection 8 of NRS 683A.451.

Nev. Admin. Code § 683A.430

Added to NAC by Comm'r of Insurance, eff. 12-3-84; A by R172-01, 7-5-2002

NRS 679B.130, 683A.400