679B.280 - Report of examination: Right of examinee to review and respond to report; Commissioner to issue order regarding action to be taken on report.

NEVADA STATUTES AND CODES

679B.280 - Report of examination: Right of examinee to review and respond to report; Commissioner to issue order regarding action to be taken on report.

679B.280 Report of examination: Right of examinee to review and respond to report; Commissioner to issue order regarding action to be taken on report.

1. Upon receipt of the verified report of the examination, the Commissioner shall deliver a copy of the report to the person examined, together with a notice affording the person 10 days or such additional reasonable period as the Commissioner for good cause may allow within which to review the report and make a written submission or rebuttal with respect to recommended changes or any matters contained in the report.

2. Within 30 days after the end of the period allowed for the receipt of written submissions or rebuttals, the Commissioner shall fully consider and review the report, together with any written submissions or rebuttals and any relevant portions of the examiner’s working papers and enter an order:

(a) Adopting the report as filed or with modification or corrections;

(b) Rejecting the report with directions to the examiner to reopen the examination for purposes of obtaining additional data, documentation or information, and requiring the refiling of the report pursuant to subsection 1 of NRS 679B.270; or

3. If the report reveals that the insurer is operating in violation of any law, regulation or previous order of the Commissioner, the Commissioner may order the insurer to take any action the Commissioner considers necessary or appropriate to cure the violation.

(Added to NRS by 1971, 1569; A 1991, 1618; 1993, 2901; 1995, 1751)