NAC616B.487. Cancellation of certificate by employer.

Latest version.

A self-insured employer may at any time request in writing that his or her certificate to self-insure be cancelled. The Commissioner of Insurance will withdraw the certificate after the self-insurer:

1. Establishes a program to the satisfaction of the Commissioner which will discharge all liabilities and responsibilities incurred by him or her during the period the certificate was in force and which is in addition to the deposit retained by the Commissioner as provided by statute; and

2. Surrenders the certificate.

[Comm’r of Insurance, PC-25 § 31, eff. 8-6-80]—(Substituted in revision for NAC 616.198)

                    
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