Title 57

NRS 687B.021 Signatures. Unless otherwise provided by a specific statute, if a signature is required of any person, the person may provide as the signature of the person: 1. An original signature; 2. A facsimile signature; or 3. An electronic signature pursuant to the provisions …

NRS 687B.030 Waiver of payment of premium. With respect to any kind of insurance and any type of insurance contract, the insurer may provide for waiver of payment of premium for such causes and subject to such terms and conditions as may be specified in the contract. (Added to NR…

NRS 687B.040 Insurable interest: Personal insurance. 1. Any natural person of competent legal capacity may procure or effect an insurance contract upon his or her own life or body for the benefit of any person. But a person shall not procure or cause to be procured any insurance …

NRS 687B.050 Insurable interest: Exception when certain institutions designated beneficiary. 1. Life insurance contracts may be entered into in which the person paying the consideration for the insurance has no insurable interest in the life of the individual insured, where chari…

NRS 687B.060 Insurable interest: Property. 1. No contract of insurance of property or of any interest in property or arising from property shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time …

NRS 687B.070 Power to contract; purchase of insurance and annuities by minors. 1. Any person of competent legal capacity may contract for insurance. 2. Any minor not less than 16 years of age may, notwithstanding his or her minority, contract for or own annuities or insurance, or…

NRS 687B.080 Consent of insured to life or health insurance required; exceptions; notice of application for or request to increase coverage of insurance upon life of another required. 1. Except as otherwise provided in subsection 2, no life or health insurance contract upon a per…

NRS 687B.090 Alteration of application: Life and health insurance. No alteration of any written application for any life or health insurance policy shall be made by any person other than the applicant without the written consent of the applicant, except that insertions may be mad…

NRS 687B.100 Application as evidence. 1. No application for the issuance of any life or health insurance policy or annuity contract shall be admissible in evidence in any action relative to such policy or contract, unless a true copy of the application was attached to or otherwis…

NRS 687B.110 Representations in applications. All statements and descriptions in any application for an insurance policy or annuity contract, by or in behalf of the insured or annuitant, shall be deemed to be representations and not warranties. Misrepresentations, omissions, conc…

NRS 687B.113 Control of cost of health care: Provisions encouraging use of certain services and facilities. An insurer shall include provisions in a policy of health insurance encouraging the insured’s use, if medically appropriate, of services and facilities that are the most ef…

NRS 687B.117 Control of cost of health care: Insurer required to use three or more practices that control cost in administering benefits. The Commissioner shall not approve any proposed policy of health insurance unless the Commissioner determines that the insurer has adopted and…

NRS 687B.120 Filing and approval of forms; exemption; appeal of disapproval or withdrawal of previous approval. 1. Except as otherwise provided in subsection 2: (a) No life or health insurance policy or contract, annuity contract form, policy form, health care plan or plan for de…

NRS 687B.122 Readability of policies: Applicability of requirements. 1. The provisions of NRS 687B.122 to 687B.128, inclusive: (a) Apply to all policies, certificates or contracts of life or health insurance, including credit insurance as defined in NRS 690A.015, delivered or iss…

NRS 687B.124 Readability of policies: Flesch test; type size, style, arrangement and overall appearance; index or table of contents; scoring riders or other forms separately. 1. Except as provided by NRS 687B.122, a policy must not be delivered or issued for delivery in this stat…

NRS 687B.126 Readability of policies: Filing policy for Commissioner’s approval; exceptions to score requirements on Flesch test. 1. An insurer shall file a copy of the policy with the Commissioner accompanied by a certificate signed by an officer of the insurer stating that the …

NRS 687B.128 Readability of policies: Required approval by Commissioner in certain circumstances. A policy which complies with subsection 1 of NRS 687B.124 must be approved by the Commissioner, notwithstanding any other provision of law which specifies the content of a policy, if…

NRS 687B.130 Grounds for disapproval or withdrawal of previous approval. The Commissioner shall disapprove any form filed under NRS 687B.120, or withdraw any previous approval thereof, only on one or more of the following grounds: 1. The form is in any respect in violation of or …

NRS 687B.140 Standard provisions. 1. Insurance contracts shall contain such standard or uniform provisions as are required by the applicable provisions of this Code pertaining to contracts of particular kinds of insurance. The Commissioner may waive the required use of a particul…

NRS 687B.145 Provisions in policies of casualty insurance: Proration of recovery or benefits; uninsured and underinsured vehicle coverage; coverage for medical expenses; insurer not entitled to subrogation upon payment made because of underinsured vehicle coverage. 1. Any policy …

NRS 687B.147 Exclusion, reduction or limitation of certain coverage in motor vehicle insurance policies allowed; conditions; form and contents of disclosure. A policy of motor vehicle insurance covering a private passenger car may be delivered or issued for delivery in this state…

NRS 687B.150 Requirement for making any portion of charter, bylaws or certain other documents of insurer part of contract. 1. No policy shall contain any provision purporting to make any portion of the charter, bylaws or other constituent document of the insurer (other than the s…

NRS 687B.160 Execution of policies. 1. Every insurance policy must be executed in the name of and on behalf of the insurer by its officer, attorney-in-fact, employee or representative duly authorized by the insurer. 2. Any such executing individual may use, in lieu of an original…

NRS 687B.170 Underwriters’ and combination policies. 1. Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters’ policy bearing their names. Any one insurer may issue policies in the name of an underwriter’s department and …

NRS 687B.180 Validity and construction of noncomplying forms. 1. A policy delivered or issued for delivery after January 1, 1972, to any person in this state in violation of this Code but otherwise binding on the insurer, shall be held valid, but shall be construed as provided in…

NRS 687B.182 Binders: Issuance; period of effectiveness. 1. A binder may be issued only by a resident or nonresident agent appointed by the insurer which is to issue the policy. 2. Except as provided in subsection 3, a binder must not be effective for more than 90 days. 3. The ef…

NRS 687B.183 Binders: Forms; required statement related to certain policies; delivery of copies. 1. All written binders must be made on forms approved by the Commissioner. 2. A binder related to a policy of insurance which provides coverage of less than $1,000,000 must contain a …

NRS 687B.184 Binders: Limits of coverage, effective date and premium for policy issued as replacement. 1. A policy which is issued to replace a binder must include: (a) Limits of coverage which are equal to the limits stated in the binder; and (b) An effective date for the policy…

NRS 687B.185 Binders: Prohibition of use to lower premiums. An insurer may not use a binder as a means to lower a premium which an insured is charged. (Added to NRS by 1983, 1121)

NRS 687B.186 Binders: Proof of insurance coverage; penalties for refusal to accept; exception. 1. A binder which is issued in accordance with NRS 687B.182 to 687B.187, inclusive, shall be deemed a policy for the purpose of proving that a person has insurance coverage. 2. Any part…

NRS 687B.187 Binders: Disapproval of insurer. NRS 687B.182 to 687B.187, inclusive, do not prevent the exercise of a right to disapprove of the insurer or its representative on the basis of: 1. The adequacy and terms of the coverage with respect to the interest of the vendor, lend…

NRS 687B.190 Delivery of policy covering motor vehicle: Vendor, mortgagee or pledgee required to deliver duplicate to vendee, mortgagor or pledgor; stamped statement regarding certain lack of coverage; exception. 1. If the original policy is delivered or is so required to be deli…

NRS 687B.200 Assignability: Life or health insurance policy. 1. The purpose of this section is to confirm and clarify the right to provide for an assignment by which a person covered by a life or health insurance policy may divest himself or herself of all incidents of ownership …

NRS 687B.210 Payment under life or health insurance policy or annuity contract discharges insurer from claims under policy or contract; exception. 1. Whenever the proceeds of or payments under a life or health insurance policy or annuity contract issued before, on or after Januar…

NRS 687B.220 Forms for proof of loss required to be furnished by insurer to insured claimant. Upon receiving due notice of a claim of loss under an insurance contract issued or assumed by it, an insurer shall promptly furnish to the insured claimant such forms of proof of loss as…

NRS 687B.225 Requirements for contracts for payment of cost of medical or dental care which require prior authorization of care. [Replaced in revision by NRS 687B.970.]

NRS 687B.240 Administration of claims not waiver. Without limitation of any right or defense of an insurer otherwise, none of the following acts by or on behalf of an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer ther…

NRS 687B.250 Payment not to constitute admission of liability or waiver of defenses. 1. No payment or payments made by any person, or by an insurer of the person by virtue of a liability insurance policy, on account of bodily injury or death or damage to or loss of property of an…

NRS 687B.255 Insurer required to pay claim with negotiable instrument. If an insurer is required to pay a claim, the insurer shall pay that claim with an instrument which is immediately negotiable. An insurer shall be deemed to have complied with the provisions of this section if…

NRS 687B.260 Exemption of proceeds of certain policies. 1. If a policy of insurance, whether issued before, on or after January 1, 1972, is effected by any person on his or her own life, or on another life, in favor of a person other than himself or herself, or, except in cases o…

NRS 687B.270 Exemption of proceeds: Health insurance. 1. Except as otherwise expressly provided by the policy or contract, the proceeds and avails of all contracts of health insurance and of provisions providing benefits on account of the disability of the insured which are suppl…

NRS 687B.280 Exemption of proceeds: Group insurance. 1. A policy of group life insurance or group health insurance or the proceeds thereof payable to the individual insured or to the beneficiary thereunder shall not be liable, either before or after payment, to be applied by any …

NRS 687B.290 Exemption of proceeds: Annuities; assignability of rights. 1. The benefits, rights, privileges and options which under any annuity contract issued prior to or after January 1, 1972, are due or prospectively due the annuitant shall not be subject to execution nor shal…

NRS 687B.300 Retention of proceeds of policy by insurer. 1. Any life insurer shall have power to hold payment of proceeds, as has been agreed to in writing by the insurer and the insured or beneficiary. The insurer shall not be required to segregate funds so held but may hold the…

NRS 687B.310 Cancellations and nonrenewals; scope of application. 1. NRS 687B.310 to 687B.420, inclusive, apply to all binders and all contracts of insurance the general terms of which are required to be approved or are subject to disapproval by the Commissioner, except as otherw…

NRS 687B.320 Policies other than industrial insurance policies: Grounds for midterm cancellation; notice to policyholder. 1. Except as otherwise provided in subsection 3, no insurance policy that has been in effect for at least 70 days or that has been renewed may be cancelled by…