Nev. Admin. Code § 692C.215 - Annual submission of amended version of disclosure or letter indicating no changes; submission deemed to satisfy requirements of statute

1. After an insurer or an insurance group has submitted an initial corporate governance annual disclosure pursuant to subsection 1 of NRS 692C.3504, the insurer or insurance group shall, not later than June 1 of each subsequent calendar year:

(a) If any changes were made to the corporate governance annual disclosure filed in the immediately preceding calendar year, submit an amended version of the corporate governance annual disclosure filed in the immediately preceding calendar year that indicates any changes to the corporate governance annual disclosure filed in the immediately preceding calendar year; or

(b) If no changes were made to the corporate governance annual disclosure filed in the immediately preceding calendar year, submit a letter stating that no changes were made to the corporate governance annual disclosure filed in the immediately preceding calendar year.

2. An amended version of the corporate governance annual disclosure or a letter submitted by an insurer or insurance group pursuant to subsection 1 must include the signature of the chief executive officer or corporate secretary of the insurer or insurance group attesting that, to the best of that person's belief and knowledge, the insurer or insurance group has implemented and complied with the requirements set forth in subsection 3 of NRS 692C.3504.

3. The Commissioner will deem:

(a) The requirement to file a corporate governance annual disclosure pursuant to subsection 1 of NRS 692C.3504 as satisfied if an insurer or insurance group submits an amended version of the corporate governance annual disclosure or a letter pursuant to this section; and

(b) The amended version of the corporate governance annual disclosure or the letter submitted by an insurer or insurance group pursuant to this section to include the information provided in the initial corporate governance annual disclosure submitted by an insurer or an insurance group pursuant to subsection 1 of NRS 692C.3504, except where any amended version of the corporate governance annual disclosure or any letter subsequently submitted pursuant to this section indicates any changes to the corporate governance annual disclosure.

Notes

Nev. Admin. Code § 692C.215

Added to NAC by Comm'r of Insurance by R094-17A, eff. 5/16/2018

NRS 679B.130, 692C.120, 692C.3505