Nevada § 616B.461 - Notification of Administrator regarding issuance, renewal, cancellation or reinstatement of policy; investigation of information reported by private carrier

§ 616B.461. Notification of Administrator regarding issuance, renewal, cancellation or reinstatement of policy; investigation of information reported by private carrier

1. An employer who cancels a policy of industrial insurance issued to the employer

by a private carrier shall notify the Administrator in writing within 20 days after

the cancellation, specifying the date on which the cancellation became effective,

unless the employer's subsequent insurer is a private carrier who has already notified

the Administrator pursuant to subsection 2 that it has issued a new policy to that

employer. The notice must be served personally or sent by first-class mail or electronic transmission

to the Administrator. If the employer has secured insurance with another insurer that could cause double

coverage, the date on which cancellation of the previous policy became effective must

be the effective date of the new insurance. 2. A private carrier shall notify the Administrator in writing within 15 days after

the private carrier: (a) Issues a policy of industrial insurance. (b) Renews a policy of industrial insurance. (c) Reinstates a policy of industrial insurance that had been temporarily cancelled. (d) Cancels or does not renew a policy of industrial insurance. 3. If the Administrator believes that a private carrier has inaccurately reported

the information required pursuant to subsection 2 and notifies the private carrier

of the alleged inaccuracy, the private carrier shall within 30 calendar days after

receiving the notification: (a) Investigate the alleged inaccuracy; and (b) Submit to the Administrator accurate information or information proving that the

previously submitted information was accurate. 4. During the period of investigation by the private carrier, the Administrator may

not impose any administrative fines, issue a notice of correction or take any other

corrective action against the private carrier. If the private carrier is able to prove that the information originally submitted

to the Administrator or, if applicable, the designated agent of the Administrator,

was accurate, the Administrator may not impose any administrative fines, issue a notice

of correction or take any other corrective action against the private carrier. As used in this subsection, “ designated agent ” means an agent who is authorized by the Administrator to receive, compile and forward

to the Administrator the information required pursuant to subsection 2.