Section 692A.130 - Supervision and examination: Imposition of fees and charges1. Except as otherwise provided in subsection 2, the fees to be paid by title agents and title insurers for supervision and examination may include, without limitation: (a) For a financial examiner or market conduct examiner, a daily salary as defined in the Financial Condition Examiners Handbook or the Market Regulation Handbook, as applicable, published by the National Association of Insurance Commissioners, which has been adopted by reference in NAC 679B.033, or such other compensation as the Commissioner may authorize.(b) For expert assistants, a daily salary or other compensation based upon the rate established in the contract approved by the State Board of Examiners.(c) The maximum per diem rate for the location of the examination as set forth in the Federal Travel Regulation System, 41 C.F.R. chapters 300 to 304, inclusive.(d) Expenses for transportation, including, without limitation, the cost of airfare, rail fare, taxicab fare and automobile rental and the reimbursement of any personal automobile expenses necessary to reach the location of the examination. The calculation of expenses for transportation may include expenses for transportation incurred by virtue of the length of time necessary to complete the examination.(e) Upon approval of the Commissioner, miscellaneous expenses incurred by the examiner and assistants while performing an examination. Miscellaneous expenses may include, without limitation, expenses for telephone calls, facsimile transmissions and postal charges relating to the examination.2. If, pursuant to subsection 4 of NRS 692A.100, the examination is performed by the Commissioner of Financial Institutions, the fee will be $50 per hour.3. In addition to the fee charged pursuant to subsection 1 or 2, the Commissioner of Insurance will also charge the title agent or title insurer an amount equal to one-half of the fee charged pursuant to paragraphs (a) and (b) of subsection 1 or subsection 2 to cover administrative costs.Nev. Admin. Code § 692A.130
Added to NAC by Comm'r of Insurance, eff. 9-16-92; A by R028-02, 5-31-2002; R127-06, 9-18-2006; A by R089-17AP, eff. 5/16/2018