Current through June 11, 2024
Section 694C.295 - Reasonable and proper expenses incurred in examination conducted pursuant to NRS 694C.410Reasonable and proper expenses incurred in an examination conducted pursuant to NRS 694C.410 may include, without limitation:
1. For a financial examiner or market conduct examiner, a daily salary as defined in the Financial Condition Examiners Handbook , which is adopted by reference in NAC 679B.033, or an hourly rate based upon the rate established in the contract approved by the State Board of Examiners.2. For expert assistants, a daily salary or an hourly rate based upon the rate established in the contract approved by the State Board of Examiners.3. The maximum per diem rate for the location of the examination established by the Administrator of General Services in the Federal Trade Regulation System of the General Services Administration, 41 C.F.R. Chapters 300 to 304, inclusive, and set forth in Domestic Per Diem Rates , which is adopted by reference in NAC 694C.090.4. 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.5. 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.6. An administrative charge, expressed as a percentage of the daily salary or hourly rate of the examiner or assistant, as provided in subsections 1 and 2 and as provided in the division budget approved by the Nevada Legislature.Nev. Admin. Code § 694C.295
Added to NAC by Comm'r of Insurance by R069-07, eff. 12-4-2007; A by R080-16A, eff. 11/2/2016NRS 679B.130, 694C.170, 694C.410