Certificate of registration: Grounds for refusal to recommend for final approval.

1. The Division may refuse to recommend for final approval an application for a certificate of registration as an administrator pursuant to subsection 3 of NRS 683A.08524 because: (a) A principal of the applicant was formerly a principal of a third-party administrator or insurer which has an outstanding debt owing to the Division or an injured employee; (b) The information in the application reveals that the applicant does not maintain, based on the experience, caseload and number of clients of its adjuster, a sufficient number of experienced and qualified persons to properly administer claims; or (c) Any other reason the Division determines may hinder the prompt and efficient payment of compensation to injured employees. 2. As used in this section: (a) “Debt” includes, without limitation, an administrative fine, a benefit penalty or a penalty imposed pursuant to subsection 4 of NRS 616C.065 . (b) “Principal” means an owner, manager, officer, proprietor or any other person having a significant degree of control over the administration of claims.