NAC683A.430. Curing of deficiency.

Latest version.

     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.

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

                    
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