Nevada § 616B.503 - Certification by Commissioner required; duties of third-party administrator
Full text of Nevada Nevada Revised Statutes § 616B.503 — Certification by Commissioner required; duties of third-party administrator, with citation guidance and answers to common questions.
§ 616B.503. Certification by Commissioner required; duties of third-party administrator
1. A person shall not act as a third-party administrator for an insurer without a
certificate issued by the Commissioner pursuant to NRS 683A.08524 . 2. A person who acts as a third-party administrator pursuant to chapters 616A to 616D,
inclusive, or chapter 617 of NRS shall: (a) Administer each plan of insurance directly, without subcontracting with another
third-party administrator; and (b) Upon the termination of the person's contract with an insurer, transfer forthwith
to a certified third-party administrator chosen by the insurer all of the records
in the person's possession concerning claims arising under the plan of insurance. 3. The Commissioner may, under exceptional circumstances, waive the requirements of
subsection 2.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 616B.503
What does Nevada Revised Statutes § 616B.503 cover?
Section 616B.503 ("Certification by Commissioner required; duties of third-party administrator") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 616B.503?
A common citation format is "Nevada Revised Statutes § 616B.503" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 616B.503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.