Title 57

NRS 687A.070 Plan of operation: Submission; amendments; approval by Commissioner; compliance; contents; delegation of duties or powers. 1. The Association shall submit a plan of operation to the Commissioner, together with any amendments necessary or suitable to assure the fair, …

NRS 687A.080 Powers and duties of Commissioner. 1. The Commissioner shall: (a) Notify the Association of the existence of an insolvent insurer not later than 3 days after the Commissioner receives notice of the determination of insolvency by a court or makes a determination of in…

NRS 687A.090 Subrogation; exceptions. 1. Any person recovering under this chapter shall be deemed to have assigned his or her rights under the policy to the Association to the extent of the person’s recovery from the Association. Every insured or claimant seeking the protection o…

NRS 687A.095 Claim against person insured by insolvent insurer which is not covered claim. A claim asserted against a person insured by an insurer which has become insolvent which, if it were not a claim by or for the benefit of a reinsurer, insurer, insurance pool, underwriting …

NRS 687A.097 Limitations on certain claims against person insured by insolvent insurer. With regard to a claim for an amount described in paragraph (d) of subsection 2 of NRS 687A.033, no such claim for any amount due any reinsurer, insurer, insurance pool, underwriting associati…

NRS 687A.100 Exhaustion of remedies of insured. 1. Any person having a claim under an insurance policy, whether or not the insurance policy is a policy issued by a member insurer, and the claim under such other policy arises from the same facts, injury or loss that gave rise to t…

NRS 687A.103 Reimbursement of Association by insolvent insurer. If the Association pays any claims on behalf of an insurer which is an insolvent insurer within the meaning of subsection 2 of NRS 687A.035, the insurer may not accept any new business in this state until it has reim…

NRS 687A.107 Hearing to determine whether insurer is insolvent: Notice; conduct; determination; regulations. 1. The Commissioner may conduct a hearing to determine whether an insurer is an insolvent insurer within the meaning of subsection 2 of NRS 687A.035. The Commissioner shal…

NRS 687A.110 Detection and prevention of insolvency: Powers of Board of Directors. To aid in the detection and prevention of insurer insolvencies: 1. The Board of Directors may, upon majority vote, make recommendations to the Commissioner upon any matter generally related to impr…

NRS 687A.115 Detection and prevention of insolvency: Powers of Commissioner. To aid in the detection and prevention of insurer insolvencies: 1. The Commissioner may: (a) Notify the insurance commissioners of the other states and territories of the United States and of the Distric…

NRS 687A.120 Examination of Association; annual financial report. The Association is subject to examination and regulation by the Commissioner. The Board of Directors shall submit, not later than March 30 of each year, a financial report for the preceding calendar year in a form …

NRS 687A.130 Exemption of Association from payment of fees and taxes; exception. The Association is exempt from payment of all fees and all taxes levied by this State or any of its subdivisions, except taxes: 1. Levied on real or personal property; or 2. Imposed pursuant to the p…

NRS 687A.140 Rates and premiums to include recoupment of amount paid by Association. The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the Association by the member ins…

NRS 687A.150 Immunity from liability. There is no liability, and no cause of action of any nature shall arise against any member insurer, the Association, its agents or employees, the Board of Directors, the Commissioner or the representatives of the Commissioner, for any reasona…

NRS 687A.160 Proceedings involving insolvent insurer: Stay; access by Association to records of insurer. 1. Subject to waiver by the Association in specific cases involving covered claims, all proceedings in which the insolvent insurer is a party, or is obligated to defend a part…

NRS 687B.010 Scope. This chapter applies to all insurance contracts and annuity contracts other than: 1. Reinsurance. 2. Policies or contracts not issued for delivery in this state nor delivered in this state. 3. Wet marine and transportation insurance. (Added to NRS by 1971, 171…

NRS 687B.011 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 687B.015 and 687B.018 have the meanings ascribed to them in those sections. (Added to NRS by 2025, 1911)

NRS 687B.015 “Binder” defined. “Binder” means an oral or written contract for temporary insurance which is used when a policy is not immediately issued to evidence that the coverage attaches at a specified time and continues until the policy is issued or the risk is declined. (Ad…

NRS 687B.018 “Medicare supplemental policy” defined. “Medicare supplemental policy” has the meaning ascribed to it in 42 C.F.R. § 403.205. (Added to NRS by 2025, 1911)

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 …