Contribution of regulatory body to Fund for Insurance Premiums; conditions and limitations regarding employment of attorney as legal counsel or contracting with attorney to provide services as independent contractor.

1. Law
2. Nevada Revised Statutes
3. General Provisions Governing Regulatory Bodies
4. Contribution of regulatory body to Fund for Insurance Premiums; conditions and limitations regarding employment of attorney as legal counsel or contracting with attorney to provide services as independent contractor.

1. Each regulatory body shall contribute to the Fund for Insurance Premiums as required by NRS 331.187.

2. If a regulatory body employs an attorney as legal counsel, the attorney may not be employed as legal counsel of another regulatory body.

3. If a regulatory body retains an attorney to act as legal counsel for the regulatory body as an independent contractor, the attorney:

(a) May contract with more than one regulatory body to act as legal counsel as an independent contractor.

(b) Shall obtain or otherwise carry, before acting as legal counsel for a regulatory body, a policy of professional liability insurance which insures the attorney against any liability arising from acting as legal counsel for the regulatory body.

(Added to NRS by 2017, 2843)

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