Title 57

NRS 684B.140 Administrative fine: Levy in addition to or in lieu of suspension, revocation or refusal to renew license; revocation of license for nonpayment; recovery; deposit. 1. In addition to or in lieu of the suspension, revocation or refusal to renew any motor vehicle physic…

NRS 684B.150 Court authorized to impose fine in lieu of Commissioner’s order suspending, revoking or refusing to renew license; exception. 1. Upon the hearing of an appeal from the Commissioner’s order suspending, revoking or refusing to continue any license issued under the prov…

NRS 685A.010 Short title. This chapter constitutes and may be cited as the Nonadmitted Insurance Law. (Added to NRS by 1971, 1673; A 2011, 2012)

NRS 685A.020 Exemptions. The Nonadmitted Insurance Law shall not apply to reinsurance, or to the following insurances when placed by general lines agents or general lines brokers or surplus lines brokers licensed as such by this state or when procured directly by an insured from …

NRS 685A.025 Applicability. Except as otherwise provided in NRS 685A.020, this chapter applies to nonadmitted insurance. (Added to NRS by 2011, 2011)

NRS 685A.030 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 685A.031 to 685A.039, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1971, 1673; A 2011, 2012; 2019, 1701)

NRS 685A.031 “Broker” defined. “Broker” means a surplus lines broker duly licensed as such under this chapter. (Added to NRS by 2011, 2010)

NRS 685A.0315 “Domestic surplus lines insurer” defined. “Domestic surplus lines insurer” means an insurer which is authorized by the Commissioner to accept surplus lines insurance pursuant to NRS 685A.072. (Added to NRS by 2019, 1700)

NRS 685A.032 “Exempt commercial purchaser” defined. 1. “Exempt commercial purchaser” means any person or political subdivision of this State purchasing commercial insurance: (a) Who, at the time of placement, employs or retains a qualified risk manager to negotiate insurance cove…

NRS 685A.033 “Export” defined. “Export” means to place insurance in an unauthorized insurer under this chapter. (Added to NRS by 2011, 2010)

NRS 685A.034 “Home state” defined. “Home state” means: 1. For an insured: (a) The state in which the insured maintains its principal place of business or, in the case of an individual, the individual’s principal residence; or (b) If 100 percent of the insured risk is located outs…

NRS 685A.035 “Independently procured insurance” defined. “Independently procured insurance” means insurance procured directly by an insured from a nonadmitted insurer. (Added to NRS by 2011, 2011)

NRS 685A.036 “Multi-state risk” defined. “Multi-state risk” means a risk covered by a nonadmitted insurer to which the insured is exposed in more than one state. (Added to NRS by 2011, 2011)

NRS 685A.037 “Nonadmitted insurance” defined. “Nonadmitted insurance” means any property and casualty insurance permitted to be placed directly or through a broker with a nonadmitted insurer eligible to accept such insurance. The term includes both independently procured insuranc…

NRS 685A.0375 “Nonadmitted insurer” defined. 1. “Nonadmitted insurer” means an insurer not authorized to engage in the business of insurance in this State. 2. The term includes a domestic surplus lines insurer. 3. The term does not include a risk retention group as that term is d…

NRS 685A.038 “Principal place of business” defined. “Principal place of business” means, for the purpose of determining the home state of the insured: 1. The state where the insured maintains its headquarters and where the insured’s high-level officers direct, control and coordin…

NRS 685A.0385 “Principal residence” defined. “Principal residence” means, for the purpose of determining the home state of the insured: 1. The state where the insured resides for the greatest number of days during a calendar year; or 2. If the insured’s principal residence is loc…

NRS 685A.039 “Surplus lines insurance” defined. “Surplus lines insurance” means insurance procured by an insured through a broker with a nonadmitted insurer eligible to accept such insurance. (Added to NRS by 2011, 2011)

NRS 685A.040 Conditions for export. If this State is the insured’s home state and certain insurance coverages cannot be procured from authorized insurers, such coverages, designated in this chapter as nonadmitted insurance, may be procured from unauthorized insurers, subject to t…

NRS 685A.050 Broker’s report. 1. At the time of effecting any surplus lines insurance for which this State is the home state, the broker shall, within 90 days after such insurance is so effected, submit a report, in the form prescribed or accepted by the Commissioner, setting for…

NRS 685A.060 Open lines for export. 1. The Commissioner may by order declare eligible for export generally and without compliance with subsections 2, 3 and 4 of NRS 685A.040 and NRS 685A.050, any class or classes of insurance coverage or risk for which the Commissioner finds that…

NRS 685A.070 Eligible insurers. 1. A broker shall not knowingly place surplus lines insurance with an insurer which is unsound financially or ineligible pursuant to this section. 2. With respect to nonadmitted insurance for insureds for which this State is the home state, except …

NRS 685A.072 Domestic surplus lines insurer: Designation; authority; requirements for broker who places surplus lines insurance with insurer; applicability of other provisions. 1. An insurer which is domiciled in this State may be designated as a domestic surplus lines insurer by…

NRS 685A.075 Nonprofit organization of brokers: Formation; board of directors; information and records filed with Commissioner; examination by Commissioner; broker required to be member as condition of continued licensure. 1. A nonprofit organization of surplus lines brokers may …

NRS 685A.077 Immunity from civil liability given to Commissioner, Division and nonprofit organizations for certain acts; Commissioner authorized to classify certain communications as confidential; limitations. 1. The Commissioner, the Division and employees of the Division, and a…

NRS 685A.080 Evidence of insurance; changes; penalty. 1. Upon placing a surplus lines coverage, the broker shall promptly issue and deliver to the insured evidence of the insurance consisting either of the policy as issued by the insurer or, if such a policy is not then available…

NRS 685A.090 Contracts for nonadmitted coverage: Requirements. Each insurance contract procured and delivered as a nonadmitted coverage pursuant to this chapter must have conspicuously stamped upon it: This insurance contract is issued pursuant to the Nevada insurance laws by an …

NRS 685A.100 Coverage from unauthorized insurer valid. Insurance contracts procured as nonadmitted coverage from unauthorized insurers in accordance with this chapter shall be fully valid and enforceable as to all parties, and shall be given recognition in all matters and respect…

NRS 685A.110 Liability of insurer. 1. As to a surplus lines risk which has been assumed by an unauthorized insurer pursuant to the Nonadmitted Insurance Law, and if the premium thereon has been received by the surplus lines broker who placed such insurance, in all questions there…

NRS 685A.120 Licensing of brokers; period of validity, expiration and renewal of license; fees. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, o…

NRS 685A.127 Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commissioner. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and…

NRS 685A.133 Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, su…

NRS 685A.140 Suspension or revocation of broker’s license. 1. In addition to other grounds therefor, the Commissioner may suspend or revoke any surplus lines broker’s license: (a) If the broker fails to file the quarterly statement or to remit the tax as required by NRS 685A.175 …

NRS 685A.150 Broker authorized to accept business from licensed producer of insurance; compensation. A licensed surplus lines broker may accept surplus lines business from any producer of insurance licensed in this state for the kind of insurance involved and may compensate the p…

NRS 685A.155 Broker authorized to charge fee for procuring coverage; maximum amount of fee. The licensed surplus lines broker who is first engaged by or on behalf of an applicant for insurance may charge a fee for procuring surplus lines coverage. Except as otherwise provided by …

NRS 685A.160 Records of broker. 1. Each broker shall keep in his or her office a full and true record of each surplus lines coverage procured by the broker for which this State is the insured’s home state, including a copy of each daily report, if any, a copy of each certificate …

NRS 685A.175 Quarterly report and payment of tax by certain brokers. 1. A broker who has written coverage for which this State is the insured’s home state shall pay, by the date described in subsection 2, the tax for each calendar quarter as directed by the Commissioner and shall…

NRS 685A.180 Tax on surplus lines. 1. On or before the date described in subsection 2 of NRS 685A.175 for each quarter, each broker shall pay as directed by the Commissioner a tax on surplus lines coverages for which this State is the insured’s home state written by the broker in…

NRS 685A.190 Failure to file statement or pay tax; penalties; statute of limitations. 1. A broker who fails to make and file the quarterly statement required pursuant to NRS 685A.175 is liable for a penalty of $500. 2. Except as otherwise provided in this subsection, a broker who…

NRS 685A.200 Suit against unauthorized insurers; venue; process. 1. An unauthorized insurer effecting insurance under the provisions of the Nonadmitted Insurance Law shall be deemed to be transacting insurance in this state as an unlicensed insurer and may be sued in a district c…

NRS 685A.205 Regulations: Compliance with federal law relating to nonadmitted insurance. The Commissioner may adopt regulations as necessary to ensure compliance with federal law relating to nonadmitted insurance, including, without limitation, the Nonadmitted and Reinsurance Ref…

NRS 685A.210 Regulations: Generally; penalty. 1. The Commissioner may adopt reasonable regulations, consistent with the provisions of this chapter, for any of the following purposes: (a) Effectuation of the law; (b) Establishment of procedures through which determination is to be…

NRS 685A.220 Applicability of other provisions. In addition to those referred to in other provisions of this chapter, the following provisions of chapter 683A of NRS, to the extent applicable and not inconsistent with the express provisions of this chapter, also apply to surplus …

NRS 685B.010 Purpose of chapter. The purpose of this chapter is to subject certain persons and insurers to the jurisdiction of the Commissioner and the courts of this state in suits by or on behalf of the state. The Legislature declares that it is concerned with the protection of…

NRS 685B.020 Short title. NRS 685B.020 to 685B.087, inclusive, constitute and may be cited as the Unauthorized Insurers Act. (Added to NRS by 1971, 1681)

NRS 685B.030 Transaction of unauthorized insurance business unlawful; exceptions; venue; effect. 1. As used in this section unless otherwise indicated, “insurer” includes: (a) All corporations, associations, partnerships and natural persons engaged as principals in the business o…