NAC695F.140. Licensure in another state: Application for this State; copy of license; notice of disciplinary action.

     1. Any applicant for a certificate of authority to operate an organization in this State who is licensed to operate an organization in another state or whose affiliate or subsidiary is so licensed must include in its application a copy of that license and, if available, a certificate of good standing from that state’s agency which regulates organizations.

     2. An organization authorized to operate in this State which obtains a license as an organization in another state or whose affiliate or subsidiary obtains such a license shall furnish a copy of that license to the Commissioner on the first day of each quarter of each calendar year or at such other times as the Commissioner requests.

     3. An organization also licensed in another state shall notify the Commissioner of any disciplinary action taken by that state against the organization and file copies of all documents relating to that action with the Commissioner within 30 days after receipt of the documents by the organization.

     (Added to NAC by Comm’r of Insurance, eff. 2-3-97)