Nevada § 616B.503 Certification by Commissioner required; duties of third-party administrator

Nevada Statutes

§ 616B.503 — Certification by Commissioner required; duties of third-party administrator

Nevada § 616B.503

Title 53LABOR AND INDUSTRIAL RELATIONS

Ch. 616BIndustrial

THIRD-PARTY ADMINISTRATORS

This text of Nevada § 616B.503 (Certification by Commissioner required; duties of third-party administrator) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 616B.503 (2026).

Text

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.

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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.