Section 693A.110 - "Participant" defined1. As used in NAC 693A.010 to 693A.560, inclusive, "participant" means: (b) Any director of the insurer or nominee for whose election as a director proxies are solicited; and(c) Any other person, acting alone or with one or more other persons in organizing, directing or financing the solicitation.2. "Participant" does not include:(a) A bank, broker or dealer who, in the ordinary course of business, lends money or executes orders for the purchase or sale of securities and who is not otherwise a participant;(b) Any person or organization retained or employed by a participant to solicit security holders, or any person who merely transmits material soliciting for proxies or performs ministerial or clerical duties;(c) Any person employed in the capacity of attorney or accountant or as an advertising, public relations or financial adviser, and whose activities are limited to the performance of his or her duties in the course of that employment;(d) Any person regularly employed as an officer or employee of the insurer or any of its subsidiaries or affiliates who is not otherwise a participant; or(e) Any officer, director or regular employee of any other participant who is not himself or herself a participant.Nev. Admin. Code § 693A.110
Comm'r of Insurance, M-4 § 10 subsec. 2, eff. 5-13-72-NAC A 6-28-96