NRS676A.310. Application for registration: Form; contents; fee; bond; evidence of insurance.

      1.  An application for registration as a provider must be in a form prescribed by the Commissioner.

      2.  Subject to adjustment of dollar amounts pursuant to subsection 6 of NRS 676A.730, an application for registration as a provider must be accompanied by:

      (a) The fee established by the Commissioner;

      (b) The bond required by NRS 676A.390;

      (c) If the debt-management services to be provided by the provider will include the development and implementation of debt-management plans, identification of all trust accounts required by NRS 676A.570 and an irrevocable consent authorizing the Commissioner to review and examine the trust accounts;

      (d) Evidence of insurance in the amount of $250,000:

             (1) Against the risks of dishonesty, fraud, theft and other misconduct on the part of the applicant or a director, employee or agent of the applicant;

             (2) Issued by an insurance company authorized to do business in this State and rated at least A or equivalent by a nationally recognized rating organization approved by the Commissioner;

             (3) With a deductible not exceeding $5,000;

             (4) Payable for the benefit of the applicant, this State and individuals who are residents of this State, as their interests may appear; and

             (5) Not subject to cancellation by the applicant or the insurer until 60 days after written notice has been given to the Commissioner;

      (e) Proof of compliance with NRS 360.760 to 360.796, inclusive; and

      (f) If the applicant is exempt from taxation, evidence of nonprofit and tax-exempt status applicable to the applicant under the Internal Revenue Code, 26 U.S.C. § 501.

      (Added to NRS by 2009, 1973)