NRS 695J.260 - Expiration of certificate in absence of appointment by Exchange; termination of appointment by Exchange; notice to Executive Director of Exchange. [Effective January 1, 2020.]

NV Rev Stat § 695J.260 (2019) (N/A)

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1. If an exchange enrollment facilitator fails to obtain an appointment by the Exchange within 30 days after the date on which the certificate was issued, the exchange enrollment facilitator’s certificate expires.

2. If the Exchange terminates an exchange enrollment facilitator’s appointment, the exchange enrollment facilitator is prohibited from engaging in the business of an exchange enrollment facilitator.

3. Except as otherwise provided in subsection 4, if the Exchange terminates the appointment of an entity other than a natural person:

(a) The appointments of exchange enrollment facilitators named on the entity’s appointment also terminate; and

(b) The exchange enrollment facilitator is prohibited from engaging in the business of an exchange enrollment facilitator under his or her certificate.

4. The provisions of subsection 3 do not apply to any appointments the exchange enrollment facilitator may have individually or through an entity other than the terminated entity.

5. Upon the termination of an appointment for an entity or certificate holder, the Executive Director of the Exchange shall notify the Commissioner of the effective date of the termination and the grounds for termination.

(Added to NRS by 2013, 3595; A 2019, 1723, 3039, effective January 1, 2020)

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NRS 695J.260 - Expiration of certificate in absence of appointment by Exchange; termination of appointment by Exchange; notice to Executive Director of Exchange. [Effective through December 31, 2019.]

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NRS 695J.270 - Regulations.