NAC679B.100. Procedure for payment from Account.

     1. Within 30 days after the filing of the petition, the Commissioner may make investigations to verify the truthfulness of the matters asserted in the petition and determine whether the searches and inquiries for real and personal property have been reasonable. The investigation will include making contact with the licensee, if possible.

     2. Any licensee whose actions have resulted in the filing of a petition against the Account may request a hearing to contest the allegations of the petition within 15 days after he or she has been served. The request must be accompanied by a statement specifying the reasons that recovery should not be allowed against the Account.

     3. Upon the completion of the investigations, determinations and the hearing, if held, the Commissioner will enter an order which directs payment in a specific amount or denies a recovery. The order will set forth the reasons for the allowance or denial of a recovery against the Account.

     (Added to NAC by Comm’r of Insurance, eff. 3-18-82; A by R152-99, 1-28-2000)