1. After the filing of an application for a solicitor’s permit, the Commissioner shall promptly cause an investigation to be made of:

(a) The identity, character, reputation, experience, financial standing and motives of the persons proposing to organize, promote or finance the association of self-insured public or private employers;

(b) The character, financial responsibility, management experience and business qualifications of the officers, directors and managers of the existing or proposed association; and

(c) Any other aspects of the solicitor, association or proposed financing as the Commissioner deems advisable.

2. The Commissioner shall expeditiously examine an application for a solicitor’s permit and complete the investigation required pursuant to subsection 1. Except as otherwise provided in subsection 3, if the Commissioner finds after performing an examination and investigation that:

(a) The application is complete and the applicable fee has been paid;

(b) The documents filed with the application are proper in form; and

(c) The proposed financing is reasonable and adequate in amount for the purposes intended and the applicant is otherwise entitled to the permit,

the Commissioner shall issue a permit and assign a permit number to the applicant.

3. If the Commissioner does not so find, or finds that:

(a) The applicant is not competent, trustworthy, financially responsible or of good personal and business reputation;

(b) Any of the persons associated or to be associated with the association are not of good reputation as to business affairs or financial responsibility; or

(c) There is material variance, adverse to the applicant, as between the information furnished by the applicant in connection with the application and that determined by the Commissioner on investigation,

the Commissioner shall give notice to the applicant that a permit will not be granted, stating the particulars of the grounds for the denial. The Commissioner shall not refund the fee for the filing of the application.

(Added to NRS by 1995, 1976)