Nev. Admin. Code § 694C.224 - Hearing to determine whether independent certified public accountant is qualified; determination that accountant is not qualified
1.
The Commissioner will, if he or she deems it necessary, hold a hearing to
determine whether an independent certified public accountant is qualified for
the purposes of
NRS
694C.400 and NAC 694C.200 and 694C.210. If,
based on the evidence presented, the Commissioner determines that the
accountant is not qualified, the Commissioner will:
(a) Rule that the accountant is not qualified
for purposes of expressing his or her opinion on the financial statements in
the annual audited financial report to be made pursuant to
NRS
694C.400 and NAC 694C.200 and 694C.210, and
require the captive insurer to replace the accountant with an independent
certified public accountant who is so qualified; or
(b) Take any other action determined to be
necessary by the Commissioner.
2. If the Commissioner determines, without a
hearing, that the accountant is not qualified, the accountant may request a
hearing pursuant to
NRS
679B.310.
Notes
NRS 679B.130, 694C.170, 694C.400
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