1. All claims or suits brought in any court against any licensee may be brought in the name of the person or persons damaged upon the bond deposited with the Labor Commissioner by the licensee, and may be assigned as other claims for damages in civil suits. An action on the bond may be brought in the name of the State of Nevada by the Labor Commissioner for the use and benefit of such person or persons.
2. An action on the bond must be commenced within 90 days after the cause of action arises. The amount of damages claimed by the plaintiff, and not the penalty named in the bond, shall determine the jurisdiction of the court in which the action is brought.