2013 Nevada Revised Statutes
Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance
NRS 681A.440 - Circumstances under which Commissioner is authorized to refuse to issue license.
1. The Commissioner may refuse to issue a license to act as an intermediary if, in the judgment of the Commissioner:
(a) The applicant, anyone named on the application, or any member, principal, officer or director of the applicant, is not trustworthy to act as an intermediary;
(b) Any controlling person of the applicant is not trustworthy to act as an intermediary;
(c) The applicant, a person named on the application, any member, principal, officer or director of the applicant or any controlling person of the applicant has given cause for the revocation or suspension of a license to act as an intermediary; or
(d) The applicant, a person named on the application, any member, principal, officer or director of the applicant or any controlling person of the applicant has failed to comply with any prerequisite for the issuance of a license to act as an intermediary.
2. Upon receipt of a written request, the Commissioner shall furnish a summary of the basis for his or her refusal to issue a license to act as an intermediary. Except as otherwise provided in NRS 239.0115, the summary is confidential.
(Added to NRS by 1995, 1761; A 2007, 2156)
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