Hearing to determine whether insurer insolvent.
1. The Commissioner may conduct a hearing to determine whether an insurer is an insolvent insurer within the meaning of subsection 2 of NRS 687A.035. The Commissioner shall notify the insurer which is the subject of the hearing not less than 3 days before the hearing. The Commissioner may consider any evidence at the hearing which he deems relevant to the determination of the solvency of the insurer.
2. The Commissioner shall make his determination in writing within 15 days after the hearing. The Commissioner shall adopt regulations governing hearings pursuant to this section.
Last modified: February 27, 2006