Nevada § 611.470 - Assurance organizations: Authority of Labor Commissioner; regulations; independence and approval required

§ 611.470. Assurance organizations: Authority of Labor Commissioner; regulations; independence and approval required

1. The Labor Commissioner may adopt regulations authorizing and setting forth qualifications

for an assurance organization selected by a professional employer organization to

act on behalf of the professional employer organization in complying with the requirements

of NRS 611.400 to 611.490 , inclusive, and any regulations adopted pursuant thereto, including, without limitation,

any requirements regarding obtaining or renewing a license. Such an assurance organization must be independent of the professional employer

organization and approved by the Labor Commissioner. 2. Nothing in this section or any regulations adopted pursuant thereto: (a) Limits or otherwise affects the authority of the Labor Commissioner to issue or

revoke a license of a professional employer organization subject to the appeals process; (b) Limits or otherwise affects the authority of the Labor Commissioner to investigate

compliance with or enforce any provision of NRS 611.400 to 611.490 , inclusive, and any regulations adopted pursuant thereto; or (c) Requires a professional employer organization to authorize an assurance organization

to act on its behalf. 3. As used in this section, “ assurance organization ” means a person who meets the qualifications set forth by the Labor Commissioner

pursuant to regulations adopted pursuant to subsection 1.