NAC679B.181. Interpretation of “unsuitable conduct.

” As used in NRS 679B.310, the Commissioner will interpret “unsuitable conduct” to include any act or omission which:

     1. Results in a felony conviction of an insurer or an employee of the insurer in any jurisdiction in the United States if the insurer knows of the conviction and does not disclose it to the Commissioner before the license or certificate of authority is issued to the insurer;

     2. Results in a felony conviction of an insurer or an employee of the insurer in any jurisdiction in the United States after the license or certificate of authority is issued to the insurer; or

     3. Is an intentional violation of a statute or regulation of this State relating to insurance that has occurred with such frequency as to indicate a general business practice of an insurer or an employee of an insurer.

     (Added to NAC by Comm’r of Insurance, eff. 1-10-97)