Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter683A Persons Involved in Sale or Administration of Insurance |
ADMINISTRATORS |
NAC683A.103. Interpretation of terms used in definition of “administrator.”
Latest version.
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1. For the purposes of subsection 1 of NRS 683A.025, the “adjustment or settlement of claims” includes, but is not limited to:
(a) Investigating or examining claims; or
(b) Receiving, disbursing, handling or otherwise being responsible for the claim funds,
Ê of an insurance company, internal service fund, program of self-insurance, or other entity which is an administrator pursuant to NRS 683A.025.
2. The exemption from the definition of “administrator” provided by paragraph (d) of subsection 2 of NRS 683A.025 does not apply to any separate subsidiary or affiliated corporation of an insurance company.
(Added to NAC by Comm’r of Insurance, eff. 11-21-88; A 12-15-94; R152-99, 1-28-2000)