NAC685A.380. Board of directors: Duties; assistance with investigations of alleged violations.

     1. The board of directors shall:

     (a) Promptly report alleged violations of this chapter and chapters 685A and 685B of NRS to the Commissioner;

     (b) Report to the Commissioner:

          (1) Delinquent, inaccurate, incomplete or improper reports required by NRS 685A.050 or tax reports filed by brokers with the organization pursuant to NAC 685A.350; and

          (2) Insurance fraud or illegal insurance activity;

     (c) Recommend to the Commissioner the class or classes of insurance to be included within the open lines eligible for export; and

     (d) Maintain a current list of open lines eligible for export.

     2. The board of directors may contract with accountants, experts, investigators and attorneys to assist, in cooperation with the Commissioner, with investigations of alleged violations of this chapter and chapters 685A and 685B of NRS.

     (Added to NAC by Comm’r of Insurance, eff. 3-20-96; A by R034-12, 9-14-2012)