Nev. Rev. Stat. § 624.262
Financial responsibility of applicant or licensee: Demonstration required
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NRS 624.262 Financial responsibility of applicant or licensee: Demonstration
required. A licensee or an
applicant for a contractor’s license must prove financial responsibility by
demonstrating that his or her past and current financial solvency and expectations
for financial solvency in the future are such as to provide the Board with a
reasonable expectation that the licensee or applicant can successfully do
business as a contractor without jeopardy to the public health, safety and
welfare.
(Added to NRS by 1999, 2953)