Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter679B Commissioner of Insurance |
INSURANCE RECOVERY ACCOUNT |
NAC679B.050. “Final judgment” defined.
Latest version.
- “Final judgment” means a judgment of a court of competent jurisdiction based upon the merits of the case:
1. Which finds fraud, intentional misrepresentation, embezzlement or deceit on the part of a licensee in connection with a transaction for which the licensee was licensed; and
2. Upon which the time for appeal has elapsed without the filing of an appeal or upon which a decision has been rendered on appeal and no further recourse is available.
(Added to NAC by Comm’r of Insurance, eff. 3-18-82; A by R152-99, 1-28-2000)