Title 57

NRS 686B.1783 Maintenance of records by insurer, advisory organization or plan for apportioned risks; examination of records by Commissioner. Every insurer, advisory organization and plan for apportioned risks shall maintain records of the kind reasonably adapted to its method of…

NRS 686B.1784 Examination of insurer, advisory organization or plan for apportioned risks by Commissioner; exception; cost of examination. 1. The Commissioner may examine any insurer, advisory organization or plan for apportioned risks whenever the Commissioner determines that su…

NRS 686B.1785 Request for reconsideration of rates by Advisory Organization or insurer; appeal. Any person aggrieved by any decision, action or omission of the Advisory Organization or an insurer regarding rates or other information filed with the Commissioner may request in writ…

NRS 686B.1786 Large-deductible agreements: Applicability. This section and NRS 686B.17863 and 686B.17867 apply to any policy of industrial insurance which: 1. Is issued by an insurer which: (a) Has a rating of less than “A-” from A.M. Best Company, Inc., or a substantially equiva…

NRS 686B.17863 Large-deductible agreements: Full collateralization required; size of obligations limited. An insurer shall: 1. Require full collateralization of the outstanding obligations owed under a large-deductible agreement using one of the following methods: (a) A surety bo…

NRS 686B.17867 Large-deductible agreements: Insurer in hazardous financial condition prohibited from issuing or renewing policy containing large-deductible agreement; exception. Except when otherwise specifically approved by the Commissioner in writing or by electronic communicat…

NRS 686B.1787 Insurer or advisory organization authorized to request hearing before Commissioner related to order made or action taken by Commissioner without hearing. Any insurer or advisory organization, to which is directed any order made or action taken by the Commissioner wi…

NRS 686B.1789 Provisions governing hearing. A hearing required by any of the provisions of NRS 686B.1751 to 686B.1799, inclusive, is governed by NRS 679B.310 to 679B.370, inclusive, except that any limits of time imposed by NRS 686B.1751 to 686B.1799, inclusive, control. (Added t…

NRS 686B.179 Revocation or suspension of license. The Commissioner may, after notice and hearing, revoke or suspend the license of an advisory organization for failure to comply with the provisions of this chapter. (Added to NRS by 1995, 2055)

NRS 686B.1793 Penalties. 1. An insurer or other person who violates any provision of NRS 686B.1751 to 686B.1799, inclusive, shall, upon the order of the Commissioner, pay an administrative fine not to exceed $1,000 for each violation and not to exceed $10,000 for each willful vio…

NRS 686B.1797 Insurer prohibited from withholding or giving false or misleading information to Commissioner or Advisory Organization. An insurer or other person shall not willfully withhold information from, or knowingly give false or misleading information to, the Commissioner o…

NRS 686B.1799 Limitation on liability of insurer or rating organization acting within scope of employment. No insurer or rating organization or member thereof in its capacity as a member or officer or employee of the licensed rating organization when acting within the scope of hi…

NRS 686B.180 Unavailability of essential coverage; plans for providing coverage; regulations. 1. If the Commissioner finds after a hearing that in any part of this state any essential insurance coverage is not readily available in the voluntary market, and that the public interes…

NRS 686B.185 Immunity of Commissioner and association. There is no liability on the part of, and no cause of action of any nature arises against, the Commissioner or the representatives of the Commissioner or any essential insurance association, its agents or employees, under a p…

NRS 686B.200 Voluntary plan for sharing risks: Submission to and approval by Commissioner. Insurers doing business within this state are authorized to prepare voluntary plans providing any specified kind, line or class of insurance coverage or subdivision or combination thereof f…

NRS 686B.210 Nevada Essential Insurance Association: Establishment; membership; plan of operation; regulations. 1. If after a hearing the Commissioner determines that a voluntary or mandatory plan would, in the judgment of the Commissioner, fail for any reason to provide essentia…

NRS 686B.220 Nevada Essential Insurance Association: Membership and reimbursement of Board of Directors; submission to and approval or adoption of plan of operation by Commissioner. 1. The administrative powers of the Nevada Essential Insurance Association shall be vested in a Bo…

NRS 686B.230 Nevada Essential Insurance Association: General powers. 1. The Nevada Essential Insurance Association has, for purposes of this section and to the extent approved by the Commissioner, the general powers and authority granted under the laws of this state to carriers l…

NRS 686B.240 Nevada Essential Insurance Association: Powers of Commissioner and Association. The Commissioner and the Nevada Essential Insurance Association may: 1. Give consideration to the need for adequate and readily accessible coverage, to alternative methods of improving th…

NRS 686B.250 Nevada Essential Insurance Association: Immunity from liability. There is no liability on the part of, and no cause of action of any nature arises against, the Nevada Essential Insurance Association or its agents or employees, members of the Board or the Commissioner…

NRS 686B.260 Conversion into domestic stock insurer: “Insured” defined. As used in NRS 686B.270 to 686B.320, inclusive, unless the context otherwise requires, “insured” means any person who has maintained at least 1 year of coverage with an essential insurance association. (Added…

NRS 686B.270 Conversion into domestic stock insurer: Applicability of certain provisions governing nonprofit cooperative corporations. The provisions of NRS 81.130 and 81.510 do not apply to the conversion of an essential insurance association to a domestic stock insurer as provi…

NRS 686B.280 Conversion into domestic stock insurer: Filing and contents of notice of intent to qualify. 1. An essential insurance association shall, whenever requested to do so by the Commissioner, file a notice of intent to qualify as a domestic stock insurer. In the absence of…

NRS 686B.290 Conversion into domestic stock insurer: Notice to insurers and insureds; hearing. 1. At the time the association files a notice of intent to qualify as a domestic stock insurer, it must give notice of its intent to all participating insurers and all insureds on a for…

NRS 686B.300 Conversion into domestic stock insurer: Determination of percentage of stock for each insured. The association shall determine the percentage of stock to which each insured is entitled as follows: 1. The amount of gain or loss from operations, including an equitable …

NRS 686B.310 Conversion into domestic stock insurer: Capitalization. An association must comply with the provisions of NRS 680A.120 to qualify as a domestic stock insurer. Any paid-in capital in excess of the minimum amount required may be shown as surplus. (Added to NRS by 1981,…

NRS 686B.320 Conversion into domestic stock insurer: Issuance of certificate of authority. Upon determining that the Association has complied with NRS 686B.280 to 686B.310, inclusive, and all other requirements applicable to domestic stock insurers, the Commissioner may issue to …

NRS 686B.330 Conversion into domestic mutual insurer or domestic reciprocal insurer: “Insured” defined. As used in NRS 686B.330 to 686B.370, inclusive, unless the context otherwise requires, “insured” has the meaning ascribed to it in NRS 686B.260. (Added to NRS by 2003, 3303)

NRS 686B.340 Conversion into domestic mutual insurer or domestic reciprocal insurer: Exemption from applicability of NRS 81.130 and 81.510. The provisions of NRS 81.130 and 81.510 do not apply to the conversion of an essential insurance association to a domestic mutual insurer or…

NRS 686B.350 Conversion into domestic mutual insurer or domestic reciprocal insurer: Filing and contents of notice of intent to qualify. 1. An essential insurance association shall, if requested to do so by the Commissioner, file a notice of intent to qualify as a domestic mutual…

NRS 686B.360 Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing; compliance with certain provisions for qualification. 1. At the time the association files a notice of intent to qualify as a domestic mutual insurer or d…

NRS 686B.370 Conversion into domestic mutual insurer or domestic reciprocal insurer: Issuance of certificate of authority. Upon determining that an association has complied with NRS 686B.330 to 686B.370, inclusive, and all other requirements applicable to domestic mutual insurers…