Nevada Revised Statutes 611.470 – Assurance organizations: Authority of Labor Commissioner; regulations; independence and approval required
1. The Labor Commissioner may adopt regulations authorizing and setting forth qualifications for an assurance organization selected by a professional employer organization to act on behalf of the professional employer organization in complying with the requirements of NRS 611.400 to 611.490, inclusive, and any regulations adopted pursuant thereto, including, without limitation, any requirements regarding obtaining or renewing a license. Such an assurance organization must be independent of the professional employer organization and approved by the Labor Commissioner.
Terms Used In Nevada Revised Statutes 611.470
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. Nothing in this section or any regulations adopted pursuant thereto:
(a) Limits or otherwise affects the authority of the Labor Commissioner to issue or revoke a license of a professional employer organization subject to the appeals process;
(b) Limits or otherwise affects the authority of the Labor Commissioner to investigate compliance with or enforce any provision of NRS 611.400 to 611.490, inclusive, and any regulations adopted pursuant thereto; or
(c) Requires a professional employer organization to authorize an assurance organization to act on its behalf.
3. As used in this section, ‘assurance organization’ means a person who meets the qualifications set forth by the Labor Commissioner pursuant to regulations adopted pursuant to subsection 1.