Title 57

NRS 686A.450 Permissible charges: Late payment; returned check; collection costs or attorney’s fees. 1. A company shall not impose or collect a fee or charge which is not authorized by this section. 2. An agreement may provide for a charge for any late payment of an installment o…

NRS 686A.460 Cancellation of insurance policy listed in agreement containing power of attorney enabling cancellation by company. 1. When an agreement contains a power of attorney enabling the company, in the name of the insured, to cancel any insurance policy listed in the agreem…

NRS 686A.470 Return of unearned premium and commission. 1. When an insurance policy is cancelled pursuant to NRS 686A.460, the insurer shall return the unearned premium to the company for credit to the account of the insured. The premium must be mailed to the company: (a) Within …

NRS 686A.480 Prohibited payments: Membership in motor club; policy of insurance covering accidental death or dismemberment. An agreement must not include any payment for: 1. Membership in a motor club, as that term is defined in NRS 696A.050; or 2. A policy of insurance covering …

NRS 686A.490 No recourse against agent based on insured’s default in payments; limitation on inducements; prohibited acts by company, agent or broker related to submission of agreement. 1. No agreement may contain a provision allowing a company recourse against the agent who subm…

NRS 686A.500 Disclosure of financial interest required; agent or broker who submits or performs services in connection with agreement prohibited from receiving compensation. 1. Any licensed resident or nonresident agent or broker who has any financial interest in a company, other…

NRS 686A.510 Penalties. 1. A person who violates the provisions of NRS 686A.340 shall be punished by a fine of not more than $200 per day or $500 per agreement per day for every day the violation continues, whichever is greater. 2. A person who violates any other provision of NRS…

NRS 686A.520 Applicability of other provisions. 1. The provisions of NRS 683A.341, 683A.451, 683A.461 and 686A.010 to 686A.310, inclusive, apply to companies. 2. For the purposes of subsection 1, unless the context requires that a section apply only to insurers, any reference in …

NRS 686A.600 Definitions. As used in NRS 686A.600 to 686A.730, inclusive, unless the context otherwise requires, the words and terms defined in NRS 686A.610 to 686A.660, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2003, 2801; A 2011, 3368)

NRS 686A.610 “Adverse action” defined. “Adverse action” means a denial or cancellation of, an increase in any charge for, or a reduction or other adverse or unfavorable change in the terms of coverage or amount of, any insurance, existing or applied for, in connection with any po…

NRS 686A.620 “Affiliate” defined. “Affiliate” means any company that controls, is controlled by or is under common control with another company. (Added to NRS by 2003, 2802)

NRS 686A.630 “Consumer credit report” defined. “Consumer credit report” means any written, oral or other communication of information by a consumer reporting agency bearing on the credit worthiness, credit standing or credit capacity of an applicant or policyholder, and which is …

NRS 686A.640 “Consumer reporting agency” defined. “Consumer reporting agency” means any person which, for monetary fees, dues or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or othe…

NRS 686A.650 “Credit information” defined. “Credit information” means any information that is related to credit and derived from a consumer credit report, found on a consumer credit report or provided on an application for a policy. The term does not include information that is n…

NRS 686A.660 “Insurance score” defined. “Insurance score” means a number or rating that is derived from an algorithm, computer application, model or other process that is based in whole or in part on credit information for the purposes of predicting the future losses or exposure …

NRS 686A.670 Applicability. The provisions of NRS 686A.600 to 686A.730, inclusive, do not apply to a contract of surety insurance issued pursuant to chapter 691B of NRS or any commercial or business policy. (Added to NRS by 2003, 2802; A 2011, 3368)

NRS 686A.680 Consumer credit reports: Uses; limitations. 1. An insurer that uses information from a consumer credit report shall not: (a) Use an insurance score that is calculated using income, gender, sexual orientation, gender identity or expression, address, zip code, ethnic g…

NRS 686A.685 Insurer that uses credit information to provide reasonable exceptions in certain circumstances. 1. Notwithstanding any other law or regulation, an insurer that uses credit information shall, upon receipt of a written request from an applicant or policyholder, provide…

NRS 686A.690 Reunderwriting or rerating of insured; refund of premium. If it is determined pursuant to the dispute resolution process set forth in section 611(a) of the federal Fair Credit Reporting Act, 15 U.S.C. § 1681i(a), that the credit information of a policyholder was inco…

NRS 686A.700 Disclosure of use of credit information. 1. If an insurer uses credit information in underwriting or rating an applicant, the insurer or its agent shall disclose, either on the application for the policy or at the time the application is taken, that the insurer may o…

NRS 686A.710 Notice requirements after taking adverse action. If an insurer takes an adverse action based upon credit information, the insurer shall: 1. Provide notice to the applicant or policyholder that an adverse action has been taken, in accordance with the requirements of s…

NRS 686A.720 Indemnification of agent by insurer. 1. An insurer shall indemnify, defend and hold harmless an agent of the insurer from and against all liability, fees and costs arising out of or relating to the actions, errors or omissions of the agent with regard to obtaining or…

NRS 686A.730 Consumer reporting agencies: Prohibitions; exemptions. 1. A consumer reporting agency shall not provide or sell data or lists that include any information that in whole or in part was submitted in conjunction with: (a) An inquiry by or for an insurer about the credit…

NRS 686B.010 Construction and purposes. 1. The Legislature intends that NRS 686B.010 to 686B.1799, inclusive, be liberally construed to achieve the purposes stated in subsection 2, which constitute an aid and guide to interpretation but not an independent source of power. 2. The …

NRS 686B.020 Definitions. As used in NRS 686B.010 to 686B.1799, inclusive, unless the context otherwise requires: 1. “Advisory organization,” except as limited by NRS 686B.1752, means any person or organization which is controlled by or composed of two or more insurers and which …

NRS 686B.030 Applicability. 1. Except as otherwise provided in subsection 2 and NRS 686B.125, the provisions of NRS 686B.010 to 686B.1799, inclusive, apply to all kinds and lines of direct insurance written on risks or operations in this State by any insurer authorized to do busi…

NRS 686B.040 Exemptions. 1. Except as otherwise provided in subsection 2, the Commissioner may by rule exempt any person or class of persons or any market segment from any or all of the provisions of NRS 686B.010 to 686B.1799, inclusive, if and to the extent that the Commissioner…

NRS 686B.045 Waiver for state innovation of applicable provisions of Patient Protection and Affordable Care Act; implementation of state plan. 1. The Commissioner may apply to the Secretary of Health and Human Services pursuant to 42 U.S.C. § 18052 for a waiver for state innovati…

NRS 686B.050 Standards. 1. Rates must not be excessive, inadequate or unfairly discriminatory, nor may an insurer charge any rate which if continued will have or tend to have the effect of destroying competition or creating a monopoly. 2. The Commissioner may disapprove rates if …

NRS 686B.060 Determination of whether rates comply with standards. In determining whether rates comply with the standards under NRS 686B.050, the following criteria shall be applied: 1. Due consideration shall be given to past and prospective loss and expense experience within an…

NRS 686B.070 Filing of rates, forms of related policies and supplementary information and any changes and amendments thereof with Commissioner. 1. Every authorized insurer and every rate service organization licensed under NRS 686B.140 which has been designated by any insurer for…

NRS 686B.073 Program of flex-rated filing; qualifications for filing under program; circumstances under which filing under program not allowed; review by Commissioner of filings; regulations. 1. The Commissioner shall establish a program of flex-rated filing to allow an insurer t…

NRS 686B.080 Filing and supporting information open to public inspection; copies; exceptions. 1. Except as otherwise provided in subsections 2 to 5, inclusive, each filing and any supporting information filed under NRS 686B.010 to 686B.1799, inclusive, must, as soon as filed, be …

NRS 686B.090 Rates and supplementary information: Established based on factors or through modified use of rate service organization in certain circumstances. 1. An insurer shall establish rates and supplementary rate information for any market segment based on the factors in NRS …

NRS 686B.100 Filing of supporting data. 1. By rule, the Commissioner may require the filing of supporting data as to any or all kinds or lines of insurance or subdivisions thereof or classes of risks or combinations thereof as the Commissioner deems necessary for the proper funct…

NRS 686B.110 Approval or disapproval of rate proposals for kind or line of insurance other than health plans: Procedure; regulations. 1. Except as otherwise provided in NRS 686B.112, the Commissioner shall consider each proposed increase or decrease in the rate of any kind or lin…

NRS 686B.112 Approval or disapproval of rate filing for health plan: Procedure; regulations; assessment of costs. 1. The Commissioner shall perform an actuarial review of and consider each rate filing of a health plan issued pursuant to the provisions of chapter 689A, 689B, 689C,…

NRS 686B.115 Hearing on rates open to public; cost for transcripts; public testimony. 1. Any hearing held by the Commissioner to determine whether rates comply with the provisions of NRS 686B.010 to 686B.1799, inclusive, must be open to members of the public. 2. All costs for tra…

NRS 686B.117 Intervention in hearing on rates. If a filing made with the Commissioner pursuant to paragraph (a) of subsection 1 of NRS 686B.070 pertains to insurance covering the liability of a practitioner licensed pursuant to chapter 630, 631, 632 or 633 of NRS for a breach of …

NRS 686B.119 Notice to policyholders by insurer of material change in premiums based upon change in zip code of policyholder by United States Postal Service; regulations. Each insurer shall notify its policyholders, in a manner which the Commissioner shall prescribe by regulation…

NRS 686B.125 Limitation on rates for coverage for dental care; annual report of losses and premiums collected required; calculation of average ratio of losses to premiums and identification of excessive rate; examination by Commissioner to ascertain compliance; consequences of fa…

NRS 686B.130 Licensing of rate service organization and advisory organization: Required to provide services relating to rates of certain insurance; services of rate service organization and advisory organization required to be offered to any insurer. 1. A rate service organizatio…

NRS 686B.140 Licensing of rate service organization and advisory organization: Application; issuance, expiration and renewal 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, suspe…

NRS 686B.143 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 686B.147 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 686B.150 Binding agreements by insurers relating to rates and rules. No insurer shall assume any obligation to any person other than a policyholder or other companies under common control to use or adhere to certain rates or rules, and no other person shall impose any penalty…