Nev. Rev. Stat. § 695C.319 — NV Code / Title 57 / Chapter 695C / Section 695C.319
Power of Commissioner to order corrective action for hazardous operation or violation of law; regulations
Status: in_force

1. If the Commissioner determines that, because of the financial condition of a health maintenance organization, the continued operation of the health maintenance organization is or may be hazardous to its enrollees or creditors or to the general public, or that the health maintenance organization has violated any law of this State to which the health maintenance organization is subject, the Commissioner may, after notice and a hearing, order the health maintenance organization to take any action the Commissioner deems reasonably necessary to correct, eliminate or remedy the condition or violation, including, without limitation: (a) Reducing the total amount of the present and potential liability of the health maintenance organization for benefits by reinsurance or any other method acceptable to the Commissioner; (b) Suspending, limiting or reducing the volume of new business being written or accepted by the health maintenance organization for any period of time specified by the Commissioner; (c) Reducing the expenses of the health maintenance organization by any method acceptable to the Commissioner; and (d) Increasing the capital and surplus of the health maintenance organization by contribution.

2. The Commissioner may adopt regulations to: (a) Set standards and criteria for early warning that the continued operation of a health maintenance organization may be hazardous to its enrollees or creditors or to the general public; and (b) For the purposes of subsection 1, set standards for evaluating the financial condition of a health maintenance organization.

3. The authority conferred upon the Commissioner pursuant to this section is in addition to the authority of the Commissioner pursuant to chapter 696B of NRS . Any order issued by the Commissioner pursuant to this section may, at the discretion of the Commissioner, be in addition to any order issued by the Commissioner pursuant to chapter 696B of NRS .
Nev. Rev. Stat. § 693A.495 — NV Code / Title 57 / Chapter 693A / Section 693A.495
Receipt of fee, commission or other consideration for aiding, promoting or assisting in plan of conversion
Status: in_force

1. No director, officer, employee or agent of the converting mutual, or any other person, may receive any fee, commission or other valuable consideration, other than his or her usual regular salary and compensation, for aiding, promoting or assisting in a plan of conversion except as set forth in the plan of conversion approved by the Commissioner.

2. Subsection 1 does not prohibit a management or employee incentive compensation program that is contained in the plan of conversion and approved by the Commissioner to be adopted upon conversion to the new stock insurer or prohibit such a program to be adopted later by the new stock insurer.

3. Subsection 1 does not prohibit the payment of reasonable fees and compensation to attorneys, accountants, actuaries and investment bankers for services performed in the independent practice of their professions if the person is also a member of the board of directors of the converting mutual.
Nev. Rev. Stat. § 679B.187 — NV Code / Title 57 / Chapter 679B / Section 679B.187
Person who invests or handles money or assets of insurer designated fiduciary; prohibited conduct by fiduciary; penalty
Status: in_force

1. An officer, director, employee or agent of a domestic or foreign insurer who has the duty or power of investing or handling the money or assets of the insurer located in this state is a fiduciary of that money or those assets. Such an officer, director, employee or agent shall not appropriate, divert or convert to his or her own use such money or assets.

2. A person who violates subsection 1 is guilty of embezzlement and, in addition to any other penalty provided by law, shall be punished in accordance with NRS 205.300 .
Nev. Rev. Stat. § 696A.040 — NV Code / Title 57 / Chapter 696A / Section 696A.040
“Club agent” defined
Status: in_force

“Club agent” means a person other than the motor club itself who acts or aids in any manner in the solicitation, delivery or negotiation of any service contract, or of the renewal or continuance thereof.
Nev. Rev. Stat. § 695B.176 — NV Code / Title 57 / Chapter 695B / Section 695B.176
Contract covering prescription drugs: Provision of notice and information regarding use of formulary
Status: in_force

1. An insurer that offers or issues a contract for hospital or medical services which provides coverage for prescription drugs shall include with any summary, certificate or evidence of that coverage provided to an insured, notice of whether a formulary is used and, if so, of the opportunity to secure information regarding the formulary from the insurer pursuant to subsection 2. The notice required by this subsection must: (a) Be in a language that is easily understood and in a format that is easy to understand; (b) Include an explanation of what a formulary is; and (c) If a formulary is used, include: (1) An explanation of: (I) How often the contents of the formulary are reviewed; and (II) The procedure and criteria for determining which prescription drugs are included in and excluded from the formulary; and (2) The telephone number of the insurer for making a request for information regarding the formulary pursuant to subsection 2.

2. If an insurer offers or issues a contract for hospital or medical services which provides coverage for prescription drugs and a formulary is used, the insurer shall: (a) Provide to any insured or participating provider of health care, upon request: (1) Information regarding whether a specific drug is included in the formulary. (2) Access to the most current list of prescription drugs in the formulary, organized by major therapeutic category, with an indication of whether any listed drugs are preferred over other listed drugs. If more than one formulary is maintained, the insurer shall notify the requester that a choice of formulary lists is available. (b) Notify each person who requests information regarding the formulary, that the inclusion of a drug in the formulary does not guarantee that a provider of health care will prescribe that drug for a particular medical condition.
Nev. Rev. Stat. § 682A.137 — NV Code / Title 57 / Chapter 682A / Section 682A.137
“Money market mutual fund” defined
Status: in_force

“ Money market mutual fund ” means a mutual fund that meets the conditions of 17 C.F.R. § 270.2a-7 , adopted in accordance with the provisions of the Investment Company Act of 1940, 15 U.S.C. §§ 80a-1 et seq., as amended.
Nev. Rev. Stat. § 691D.310 — NV Code / Title 57 / Chapter 691D / Section 691D.310
Vendor required to provide written disclosures to prospective customers; vendor required to file policy form with Commissioner before use
Status: in_force

1. A vendor shall make available to a prospective customer, at each location where the vendor sells or offers coverage under a policy of portable electronics insurance, a printed brochure or other written material concerning the coverage available under the policy of portable electronics insurance. The written material must: (a) Disclose that coverage under a policy of portable electronics insurance may duplicate coverage already provided to the customer by a policy of property insurance or other source of coverage; (b) State that the customer is not required to enroll for coverage under the vendor's policy of portable electronics insurance as a condition of the purchase or lease of any portable electronics or related services; (c) Summarize the material terms of the coverage provided under the policy of portable electronics insurance, including: (1) The identity of the insurer; (2) The identity of the supervising entity; (3) The amount of any applicable deductible and how it is to be paid; (4) Benefits of the coverage; and (5) Key terms and conditions of the coverage, including, without limitation, whether portable electronics may be repaired or replaced with a similar make and model that has been reconditioned or with nonoriginal manufacturer parts or equipment; (d) Summarize the process for filing a claim, including a description of how to return portable electronics and the maximum fee applicable if the enrolled customer fails to comply with any equipment return requirements; and (e) State that the enrolled customer may cancel his or her enrollment for coverage under the policy of portable electronics insurance at any time and, in the event of such cancellation, the person paying the premium for the coverage will receive a refund of any applicable unearned premium.

2. The printed brochure or other written material that a vendor is required to make available to a prospective customer in accordance with subsection 1 need not be: (a) Filed with the Commissioner; or (b) Approved by the Commissioner.

3. An insurer must file a portable electronics insurance policy form, including any certificate of coverage, with the Commissioner not later than 15 days before the use of the form by the insurer.
Nev. Rev. Stat. § 686B.1775 — NV Code / Title 57 / Chapter 686B / Section 686B.1775
Filing of rates, supplementary rate information and supporting data by insurer with Commissioner; findings of Commissioner
Status: in_force

1. Each insurer shall file with the Commissioner all the rates, supplementary rate information, supporting data, and changes and amendments thereof, except any information filed by the Advisory Organization, which the insurer intends to use in this state. An insurer may adopt by reference any supplementary rate information or supporting data that has been previously filed by that insurer and approved by the Commissioner. The filing must indicate the date the rates will become effective. An insurer may file its rates pursuant to this subsection by filing: (a) Final rates; or (b) A multiplier and, if used by an insurer, a premium charged to each policy of industrial insurance regardless of the size of the policy which, when applied to the prospective loss costs filed by the Advisory Organization pursuant to NRS 686B.177 , will result in final rates.

2. Each insurer shall file the rates, supplementary rate information and supporting data pursuant to subsection 1: (a) Except as otherwise provided in subsection 4, if the interaction among insurers and employers is presumed or found to be competitive, not later than 15 days before the date the rates become effective. (b) If the Commissioner has issued a finding that the interaction is not competitive, not later than 60 days before the rates become effective.

3. If the information supplied by an insurer pursuant to subsection 1 is insufficient, the Commissioner shall notify the insurer and require the insurer to provide additional information. The filing must not be deemed complete or available for use by the insurer and review by the Commissioner must not commence until all the information requested by the Commissioner is received by the Commissioner. If the requested information is not received by the Commissioner within 60 days after its request, the filing may be disapproved without further review.

4. If, after notice to the insurer and a hearing, the Commissioner finds that an insurer's rates require supervision because of the insurer's financial condition or because of rating practices which are unfairly discriminatory, the Commissioner shall order the insurer to file its rates, supplementary rate information, supporting data and any other information required by the Commissioner, at least 60 days before they become effective.

5. For any filing made by an insurer pursuant to this section, the Commissioner may authorize an earlier effective date for the rates upon a written request from the insurer.

6. Except as otherwise provided in subsection 1, every rate filed by an insurer must be filed in the form and manner prescribed by the Commissioner.

7. As used in this section, “supporting data” means: (a) The experience and judgment of the insurer and of other insurers or of the Advisory Organization, if relied upon by the insurer; (b) The interpretation of any statistical data relied upon by the insurer; (c) A description of the actuarial and statistical methods employed in setting the rates; and (d) Any other relevant matters required by the Commissioner.
Nev. Rev. Stat. § 688C.260 — NV Code / Title 57 / Chapter 688C / Section 688C.260
Disclosures required to be furnished by provider of viatical settlements to viator upon or before execution of settlement
Status: in_force

A provider of viatical settlements shall furnish to the viator, no later than the date the viatical settlement is signed by all parties, at least the following disclosures, in at least 12-point type, conspicuously displayed in the viatical settlement or in a separate document signed by the viator and the provider or broker of viatical settlements:

1. The affiliation, if any, between the provider of viatical settlements and the issuer of the policy to be viaticated.

2. The name, business address and telephone number of the provider of viatical settlements.

3. The name, business address and telephone number of the broker of viatical settlements.

4. The existence of any affiliations or contractual agreements between the provider and purchaser of viatical settlements and: (a) The identity of that purchaser of viatical settlements; and (b) If any contractual agreements exist between the provider and purchaser of viatical settlements, the identity of every party to those agreements.

5. The existence of any affiliations or contractual agreements between the broker of viatical settlements and any person making an offer in connection with the proposed viatical settlement and: (a) The identity of the person making the offer and who has an affiliation or agreement with the broker of viatical settlements; and (b) If any contractual agreements exist between the broker of viatical settlements and a person making an offer, the identity of every party to those agreements.

6. If the policy to be viaticated was issued as a joint policy, contains family riders or covers a life other than that of the insured under it, any possible loss of coverage on the other lives under the policy, and that the viator should consult the producer of the insurance or the issuer of the policy for advice concerning the settlement.

7. The monetary amount of the current death benefit payable to the provider under the policy and, if known, the availability of any other guaranteed benefit, the monetary amount of any benefit for accidental death or dismemberment, and the extent to which the viator's interest in those benefits will be transferred as a result of the viatical settlement.

8. The name, business address and telephone number of the escrow agent, and the right of the viator or owner to inspect or receive copies of the relevant escrow or trust agreements or related documents.

9. A complete and accurate description of all offers, counteroffers, acceptances and rejections relating to the proposed viatical settlement.

10. The amount and method of calculation of compensation of the broker of viatical settlements, including, without limitation, anything of value paid or given to the broker of viatical settlements for the placement of the policy.

11. A statement indicating the source of any compensation of the broker of viatical settlements from a proposed offer for the viatical settlement, the total amount of the offer for the viatical settlement and the compensation of the broker of viatical settlements expressed as a percentage of the offer for the viatical settlement.
Nev. Rev. Stat. § 693A.410 — NV Code / Title 57 / Chapter 693A / Section 693A.410
“Consideration” defined
Status: in_force

“ Consideration ” means cash, stock or other valuable compensation approved by the Commissioner.
Nev. Rev. Stat. § 684A.150 — NV Code / Title 57 / Chapter 684A / Section 684A.150
Temporary license as independent adjuster
Status: in_force

1. In the event of death or inability to act as a licensed independent adjuster, the Commissioner may issue a temporary license as an independent adjuster to another individual qualified therefor except as to the taking and passing of the required examination, to enable such individual to continue the business of the deceased licensee or the licensee who has a disability.

2. The temporary license shall be valid for 6 months, or until the temporary licensee earlier qualifies for a regular license as an independent adjuster.

3. A temporary license issued pursuant to this section may be renewed for one additional period of 180 days if: (a) The temporary licensee, on or before a date specified by the Commissioner as the last day on which the temporary license is renewable, submits to the Commissioner a written request which includes, without limitation, sufficient justification for the renewal; and (b) The Commissioner approves the request.
Nev. Rev. Stat. § 692C.079 — NV Code / Title 57 / Chapter 692C / Section 692C.079
“Own Risk and Solvency Assessment” and “ORSA” defined
Status: in_force

“ Own Risk and Solvency Assessment ” or “ ORSA ” means a confidential internal assessment, appropriate to the nature, scale and complexity of an insurer or insurance group, conducted by that insurer or insurance group, of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks.
Nev. Rev. Stat. § 691B.020 — NV Code / Title 57 / Chapter 691B / Section 691B.020
Power of certain insurers to execute instrument; limitation of liability if two or more such insurers execute instrument; execution satisfies legal requirements
Status: in_force

1. Whenever a bond, undertaking, recognizance, guaranty or other obligation is required, permitted, authorized or allowed, or whenever the performance of any act, duty or obligation, or forbearance is required, permitted, authorized or allowed to be secured or guaranteed, such bond, undertaking, recognizance or other obligation, or such security or guaranty, may be executed by an insurer authorized in this state to transact surety insurance, and such insurers are authorized and empowered to execute all such instruments.

2. In case two or more of such insurers execute any such instrument, each of such insurers is hereby authorized and empowered to limit its liability therein to an amount less than the aggregate penalty of such instrument and also to limit its liability to a pro rata part of any and all losses under such instrument.

3. The execution by any such insurer of such bond, undertaking, recognizance, guaranty or other obligation by an officer, attorney-in-fact or other authorized representative shall be sufficient and be accepted as and be a full compliance with every law or other requirement now in force or that may hereafter be enacted or made that such bond, undertaking, recognizance, guaranty or like obligation be required or permitted or be executed by a surety or sureties, or that such surety or sureties be residents, householders or freeholders, or possess any other qualifications.
Nev. Rev. Stat. § 695G.174 — NV Code / Title 57 / Chapter 695G / Section 695G.174
Required provision concerning coverage for management and treatment of sickle cell disease and its variants; plan covering prescription drugs required to provide coverage for medically necessary prescription drugs to treat sickle cell disease and its variants
Status: in_force

1. A managed care organization that issues a health care plan shall include in the plan coverage for: (a) Necessary case management services for an insured diagnosed with sickle cell disease and its variants; and (b) Medically necessary care for an insured who has been diagnosed with sickle cell disease and its variants.

2. A managed care organization that issues a health care plan which provides coverage for prescription drugs shall include in the plan coverage for medically necessary prescription drugs to treat sickle cell disease and its variants.

3. A managed care organization shall establish a plan for each insured under 18 years of age who has been diagnosed with sickle cell disease and its variants to transition the insured from pediatric care to adult care when the insured reaches 18 years of age.

4. A managed care organization may use medical management techniques, including, without limitation, any available clinical evidence, to determine the frequency of or treatment relating to any benefit required by this section or the type of provider of health care to use for such treatment.

5. As used in this section: (a) “ Case management services ” means medical or other health care management services to assist patients and providers of health care, including, without limitation, identifying and facilitating additional resources and treatments, providing information about treatment options and facilitating communication between providers of services to a patient. (b) “ Medical management technique ” means a practice which is used to control the cost or utilization of health care services. The term includes, without limitation, the use of step therapy, prior authorization or categorizing drugs and devices based on cost, type or method of administration. (c) “ Sickle cell disease and its variants ” has the meaning ascribed to it in NRS 439.4927 .
Nev. Rev. Stat. § 695D.153 — NV Code / Title 57 / Chapter 695D / Section 695D.153
Capital account: Minimum amount; requirements
Status: in_force

1. Each organization for dental care which receives a certificate of authority shall maintain a capital account with a net worth of not less than $500,000 unless a lesser amount is permitted in writing by the Commissioner.

2. An organization for dental care which has been issued a certificate of authority pursuant to this chapter shall maintain a capital account with a net worth in an amount which is not less than the greater of: (a) The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550 ; or (b) The following applicable amount, according to the number of members in the organization: Number of members Net worth Less than 2,500 $50,000 At least 2,500 but not more than 5,000 75,000 More than 5,000 125,000

3. The account must not be obligated for any accrued liabilities and must consist of cash, securities or a combination thereof which is acceptable to the Commissioner.
Nev. Rev. Stat. § 691C.430 — NV Code / Title 57 / Chapter 691C / Section 691C.430
Regulations
Status: in_force

The Commissioner may adopt regulations to carry out the provisions of this chapter.
Nev. Rev. Stat. § 687B.680 — NV Code / Title 57 / Chapter 687B / Section 687B.680
Health carrier required to establish mechanism for ongoing notification of participating providers of health care of services covered by network plan and for which provider is responsible
Status: in_force

A health carrier which offers or issues a network plan shall, with regard to that network plan, establish a mechanism by which each participating provider of health care in the network will be notified on an ongoing basis of the specific health care services which are covered by the network plan and for which the participating provider of health care will be responsible, including, without limitation, any restrictions or conditions on the health care services.
Nev. Rev. Stat. § 686C.2249 — NV Code / Title 57 / Chapter 686C / Section 686C.2249
Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions
Status: in_force

1. Except as otherwise provided in NRS 686C.130 to 686C.226 , inclusive, nothing in NRS 686C.224 to 686C.2249 , inclusive, shall alter or modify the terms and conditions of any reinsurance contract.

2. Nothing in this section shall: (a) Abrogate or limit any rights of any reinsurer to claim that it is entitled to rescind a reinsurance contract; (b) Give a policy or contract owner, certificate holder, enrollee or beneficiary an independent cause of action against a reinsurer that is not otherwise set forth in the reinsurance contract; (c) Limit or affect the Association's rights as a creditor of the estate against the assets of the estate; or (d) Apply to reinsurance agreements covering property or casualty risks.
Nev. Rev. Stat. § 692B.197 — NV Code / Title 57 / Chapter 692B / Section 692B.197
Suspension of permit or license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of permit or license
Status: in_force

<See notes for changes to this section effective under certain conditions.>

1. If the Commissioner receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is the holder of a permit or license issued pursuant to this chapter, the Commissioner shall deem the permit or license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Commissioner receives a letter issued to the holder of the permit or license by the district attorney or other public agency pursuant to NRS 425.550 stating that the holder of the permit or license has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .

2. The Commissioner shall reinstate a permit or license issued pursuant to this chapter that has been suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose permit or license was suspended stating that the person whose permit or license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .
Nev. Rev. Stat. § 688C.264 — NV Code / Title 57 / Chapter 688C / Section 688C.264
Additional disclosure required to be provided by provider of viatical settlements or viatical settlement investment agent to purchaser of viatical settlement upon or before date of assignment, transfer or sale of policy
Status: in_force

Not later than the date of assignment, transfer or sale of all or a portion of a viaticated policy, a provider of viatical settlements or a viatical settlement investment agent who contracted with or was appointed by the provider of viatical settlements shall provide a purchaser of a viatical settlement with the following disclosures:

1. All certifications relating to the life expectancy of the viator that were obtained by the provider of viatical settlements in the process of determining the price that was paid to the viator.

2. A statement as to whether premium payments or money for the payment of other costs related to the policy has been deposited in an escrow account.

3. If payments or money has been deposited in an escrow account, a statement of the date that the escrow account will be depleted and as to whether the purchaser of viatical settlements will be responsible for payment of premiums thereafter and, if so, a statement of the amount of the premiums.

4. A statement as to whether premiums or other costs related to the policy have been waived.

5. If premiums or other costs have been waived, a statement as to whether the purchaser will be responsible for payment of the premiums if the insurer that issued the policy terminates the waiver after the purchase, and a statement of the amount of the premiums.

6. The type of policy offered or sold, any additional benefits included with the policy and the status of the policy.

7. If the policy is term insurance, a statement of the additional risks associated with term insurance, including, without limitation, the purchaser's responsibility for additional premiums if the viator renews the policy at the end of the term which is effective at the time of the purchase.

8. The period of contestability, if any, remaining under the policy.

9. A statement of rights held by the insurer that could negatively affect or extinguish the rights of the purchaser of viatical settlements and the conditions under which the rights can be exercised.
Nev. Rev. Stat. § 681B.030 — NV Code / Title 57 / Chapter 681B / Section 681B.030
Disallowance of asset arranged to deceive; disciplinary action
Status: in_force

1. The Commissioner shall disallow as an asset or as a credit against liabilities any reinsurance found by the Commissioner after a hearing thereon to have been arranged for the purpose principally of deception as to the ceding insurer's financial condition as of the date of any financial statement of the insurer. Without limiting the general purport of the foregoing provision, reinsurance of any substantial part of the insurer's outstanding risks contracted for in fact within 4 months prior to the date of any such financial statement and cancelled in fact within 4 months after the date of such statement, or reinsurance under which the reinsurer bears no substantial insurance risk or chance of net loss to itself, shall prima facie be deemed to have been arranged principally for the purpose of deception.

2. The Commissioner shall disallow as an asset any deposit, funds or other assets of the insurer found by the Commissioner after a hearing thereon: (a) Not to be in good faith the property of the insurer; (b) Not freely subject to withdrawal or liquidation by the insurer at any time for the payment or discharge of claims or other obligations arising under its policies; and (c) To be resulting from arrangements made principally for the purpose of deception as to the insurer's financial condition as at the date of any financial statement of the insurer.

3. The Commissioner may suspend or revoke the certificate of authority of any insurer which has knowingly been a party to any such deception or attempted deception.
Nev. Rev. Stat. § 686C.128 — NV Code / Title 57 / Chapter 686C / Section 686C.128
Document describing general purposes and current limitations of chapter: Preparation; distribution and revision; disclaimer; related duties by member insurer
Status: in_force

1. The Association shall prepare, and submit to the Commissioner for approval, a summary document describing the general purposes and current limitations of this chapter. After the expiration of 60 days after the approval of the summary document by the Commissioner, a member insurer may not deliver a policy or contract to the policy or contract owner, certificate holder or enrollee unless the summary document is delivered to the policy or contract owner, certificate holder or enrollee at the time of delivery of the policy or contract. The document must also be available upon request by the policy or contract owner, certificate holder or enrollee. The distribution, delivery, contents or interpretation of this document does not guarantee that the policy or contract or the policy or contract owner, certificate holder or enrollee is covered in the event of the impairment or insolvency of a member insurer. The descriptive document must be revised by the Association as amendments to this chapter may require. Failure to receive this document does not give the policy or contract owner, certificate holder or enrollee any greater rights than those stated in this chapter.

2. The document prepared pursuant to subsection 1 must contain a clear and conspicuous disclaimer on its face. The Commissioner shall establish the form and content of the disclaimer. The disclaimer must: (a) State the name and address of the Association and of the Division; (b) Prominently warn the policy or contract owner, certificate holder or enrollee that the Association may not cover the policy or contract or, if coverage is available, it will be subject to substantial limitations and exclusions and conditioned on continued residence in this State; (c) State the types of policies and contracts for which guaranty funds will provide coverage; (d) State that the member insurer and its agents are prohibited by law from using the existence of the Association for the purpose of sales, solicitation or inducement to purchase any form of insurance or coverage offered by a health maintenance organization; (e) State that the policy or contract owner, certificate holder or enrollee should not rely on coverage under the Association when selecting an insurer; (f) Explain the rights and procedures for filing a complaint to allege a violation of any provision of this chapter; and (g) Provide other information as directed by the Commissioner, including sources of information about the financial condition of insurers, if the information is not proprietary and is subject to disclosure under the law of the state in which the member insurer is domiciled.

3. A member insurer shall retain evidence of compliance with subsection 1 while the policy or contract for which the notice is given remains in effect.
Nev. Rev. Stat. § 692C.3528 — NV Code / Title 57 / Chapter 692C / Section 692C.3528
Authority of Commissioner to impose certain requirements on exempt insurer
Status: in_force

Notwithstanding the provisions of NRS 692C.352 to 692C.3526 , inclusive:

1. The Commissioner may require that an insurer maintain a risk management framework, conduct an ORSA and file an ORSA Summary Report based on unique circumstances, including, without limitation, the type and volume of business written, ownership and organizational structure, federal agency requests and international supervisor requests.

2. The Commissioner may require that an insurer maintain a risk management framework, conduct an ORSA and file an ORSA Summary Report if the insurer has risk-based capital for company action level event, as defined in regulations adopted by the Commissioner, meets one or more of the standards of an insurer deemed to be in hazardous financial condition, as defined in NRS 680A.205 , or otherwise exhibits qualities of a troubled insurer as determined by the Commissioner.
Nev. Rev. Stat. § 683C.020 — NV Code / Title 57 / Chapter 683C / Section 683C.020
License required; exceptions; administrative fine
Status: in_force

1. Except as otherwise provided in subsection 2, no person may engage in the business of an insurance consultant unless a license has been issued to the person by the Commissioner.

2. An insurance consultant's license is not required for: (a) An attorney licensed to practice law in this State who is acting in his or her professional capacity; (b) A licensed producer of insurance, broker or surplus lines broker; (c) A trust officer of a bank who is acting in the normal course of his or her employment; or (d) An actuary or a certified public accountant who provides information, recommendations, advice or services in his or her professional capacity.

3. A person required to be licensed in this State who acts as an insurance consultant without a license is subject to an administrative fine of not more than $1,000 for each act or violation.
Nev. Rev. Stat. § 691C.130 — NV Code / Title 57 / Chapter 691C / Section 691C.130
“Experience period” defined
Status: in_force

“ Experience period ” means the most recent period of time that is not more than 3 years and for which earned premiums and incurred losses are reported.
Nev. Rev. Stat. § 695A.1859 — NV Code / Title 57 / Chapter 695A / Section 695A.1859
Coverage for biomarker testing for diagnosis, treatment, management and monitoring of cancer required in certain circumstances; establishment of process to request exception or appeal denial of coverage; time for responding to request for prior authorization
Status: in_force

1. Subject to the limitations prescribed by subsection 4, a society that issues a benefit contract shall include in the contract coverage for medically necessary biomarker testing for the diagnosis, treatment, appropriate management and ongoing monitoring of cancer when such biomarker testing is supported by medical and scientific evidence. Such evidence includes, without limitation: (a) The labeled indications for a biomarker test or medication that has been approved or cleared by the United States Food and Drug Administration; (b) The indicated tests for a drug that has been approved by the United States Food and Drug Administration or the warnings and precautions included on the label of such a drug; (c) A national coverage determination or local coverage determination, as those terms are defined in 42 C.F.R. § 400.202 ; or (d) Nationally recognized clinical practice guidelines or consensus statements.

2. A society shall: (a) Provide the coverage required by subsection 1 in a manner that limits disruptions in care and the need for multiple specimens. (b) Establish a clear and readily accessible process for an insured or provider of health care to: (1) Request an exception to a policy excluding coverage for biomarker testing for the diagnosis, treatment, management or ongoing monitoring of cancer; or (2) Appeal a denial of coverage for such biomarker testing; and (c) Make the process described in paragraph (b) available on an Internet website maintained by the society.

3. If a society requires an insured to obtain prior authorization for a biomarker test described in subsection 1, the society shall respond to a request for such prior authorization: (a) Within 24 hours after receiving an urgent request; or (b) Within 72 hours after receiving any other request.

4. The provisions of this section do not require a society to provide coverage of biomarker testing: (a) For screening purposes; (b) Conducted by a provider of health care for whom the biomarker testing is not within his or her scope of practice, training and experience; (c) Conducted by a provider of health care or a facility that does not participate in the network plan of the society; or (d) That has not been determined to be medically necessary by a provider of health care for whom such a determination is within his or her scope of practice, training and experience.

5. A benefit contract subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after October 1, 2023, has the legal effect of including the coverage required by this section, and any provision of the benefit contract or renewal which is in conflict with the provisions of this section is void.

6. As used in this section: (a) “ Biomarker ” means a characteristic that is objectively measured and evaluated as an indicator of a normal biological process, a pathogenic process or a pharmacological response to a specific therapeutic intervention and includes, without limitation: (1) An interaction between a gene and a drug that is being used by or considered for use by the patient; (2) A gene mutation or characteristic; and (3) The expression of a protein. (b) “ Biomarker testing ” means the analysis of the tissue, blood or other biospecimen of a patient for the presentation of a biomarker and includes, without limitation, single-analyte tests, multiplex panel tests and whole genome, whole exome and whole transcriptome sequencing. (c) “ Consensus statement ” means a statement aimed at a specific clinical circumstance that is: (1) Made for the purpose of optimizing the outcomes of clinical care; (2) Made by an independent, multidisciplinary panel of experts that has established a policy to avoid conflicts of interest; (3) Based on scientific evidence; and (4) Made using a transparent methodology and reporting procedure. (d) “ Medically necessary ” means health care services or products that a prudent provider of health care would provide to a patient to prevent, diagnose or treat an illness, injury or disease, or any symptoms thereof, that are necessary and: (1) Provided in accordance with generally accepted standards of medical practice; (2) Not primarily provided for the convenience of the patient or provider of health care; and (3) Significant in guiding and informing the provider of health care in providing the most appropriate course of treatment for the patient in order to prevent, delay or lessen the magnitude of an adverse health outcome. (e) “ Nationally recognized clinical practice guidelines ” means evidence-based guidelines establishing standards of care that include, without limitation, recommendations intended to optimize care of patients and are: (1) Informed by a systemic review of evidence and an assessment of the risks and benefits of alternative options for care; and (2) Developed using a transparent methodology and reporting procedure by an independent organization or society of medical professionals that has established a policy to avoid conflicts of interest. (f) “ Network plan ” means a benefit contract offered by a society under which the financing and delivery of medical care, including items and services paid for as medical care, are provided, in whole or in part, through a defined set of providers under contract with the society. The term does not include an arrangement for the financing of premiums. (g) “ Provider of health care ” has the meaning ascribed to it in NRS 629.031 .
Nev. Rev. Stat. § 691C.120 — NV Code / Title 57 / Chapter 691C / Section 691C.120
“Experience” defined
Status: in_force

“ Experience ” means earned premiums and incurred losses during the experience period.
Nev. Rev. Stat. § 686B.030 — NV Code / Title 57 / Chapter 686B / Section 686B.030
Applicability
Status: in_force

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 business in this State, except: (a) Ocean marine insurance; (b) Contracts issued by fraternal benefit societies; (c) Life insurance and credit life insurance; (d) Variable and fixed annuities; (e) Credit accident and health insurance; (f) Property insurance for business and commercial risks; (g) Casualty insurance for business and commercial risks other than insurance covering the liability of a practitioner licensed pursuant to chapters 630 to 640, inclusive, of NRS or who holds a license or limited license issued pursuant to chapter 653 of NRS ; (h) Surety insurance; (i) Health insurance offered through a group health plan maintained by a large employer; and (j) Credit involuntary unemployment insurance.

2. The exclusions set forth in paragraphs (f) and (g) of subsection 1 extend only to issues related to the determination or approval of premium rates.
Nev. Rev. Stat. § 695C.215 — NV Code / Title 57 / Chapter 695C / Section 695C.215
Financial statement required to include report of net worth
Status: in_force

A health maintenance organization which has been issued a certificate of authority pursuant to this chapter shall maintain and report on each financial statement filed with the Commissioner pursuant to NRS 695C.210 a net worth in an amount which is not less than the greatest of:

1. One million five hundred thousand dollars;

2. Two percent of the first $150,000,000 earned as revenue from premiums collected in the preceding 12-month period, plus 1 percent of the amount in excess of $150,000,000 earned as revenue from premiums collected in that same period; or

3. The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550 .
Nev. Rev. Stat. § 697.240 — NV Code / Title 57 / Chapter 697 / Section 697.240
Bail agent: Appointment
Status: in_force

1. Each insurer appointing a bail agent shall file with the Commissioner a written appointment and pay the applicable fee for the appointment.

2. Each appointment remains in effect until the bail agent's license is revoked or otherwise terminated, or there is an earlier termination of the appointment.

3. No insurer may appoint a bail agent whose contingent liability exceeds an amount equal to 10 times his or her reserve account unless the appointment is first approved by the Commissioner.
Nev. Rev. Stat. § 686A.325 — NV Code / Title 57 / Chapter 686A / Section 686A.325
Settlement of third-party liability claims: Written notice of payment to claimant required; effect of failure to serve notice
Status: in_force

1. In any third-party liability claim, an insurer shall not issue a check or draft or otherwise make payment of $5,000 or more in settlement of the claim to a representative of the claimant, including, without limitation, the lawyer for the claimant, unless the insurer, at the time of making the payment or as soon as practicable thereafter, mails written notice of the payment to the claimant at the last known address of the claimant.

2. The failure of an insurer to serve notice as required by subsection 1 or defective service of the notice does not: (a) Create, and must not be construed to create, a cause of action for any natural person or entity other than the Commissioner. (b) Establish, and must not be construed to establish, a defense for any party to any cause of action.

3. As used in this section, “third-party liability claim” means a claim brought under a liability insurance policy by a person other than the insured, where the claimant is a natural person.
Nev. Rev. Stat. § 695G.110 — NV Code / Title 57 / Chapter 695G / Section 695G.110
Medical director required to be physician licensed in this State
Status: in_force

Each managed care organization shall employ or contract with a physician who is licensed to practice medicine in the State of Nevada pursuant to chapter 630 or 633 of NRS to serve as its medical director.
Nev. Rev. Stat. § 696A.360 — NV Code / Title 57 / Chapter 696A / Section 696A.360
Applicability of other provisions
Status: in_force

Motor clubs are also subject, in the same manner as insurers, to the following provisions of this Code to the extent reasonably applicable:

1. Chapter 679A of NRS (scope and definitions);

2. Chapter 679B of NRS (Commissioner of Insurance);

3. NRS 683A.400 (fiduciary funds);

4. Chapter 685B of NRS (unauthorized insurers);

5. NRS 686A.010 to 686A.310 , inclusive (trade practices and frauds); and

6. Chapter 696B of NRS (delinquent insurers).
Nev. Rev. Stat. § 693A.530 — NV Code / Title 57 / Chapter 693A / Section 693A.530
Regulations and orders of Commissioner
Status: in_force

The Commissioner may adopt such regulations and issue such orders as the Commissioner determines are necessary to carry out the provisions of NRS 693A.400 to 693A.540 , inclusive.
Nev. Rev. Stat. § 692A.120 — NV Code / Title 57 / Chapter 692A / Section 692A.120
Rate schedules, schedules of charges and forms: Filing; approval by Commissioner; exceptions; prohibited acts
Status: in_force

1. Each title insurer shall file with the Commissioner all rate schedules, schedules of charges and all forms, including: (a) Preliminary reports of title. (b) Binders for insurance and commitments to insure. (c) Letters of indemnity. (d) Policies of insurance or guaranty. (e) Terms and conditions of insurance coverage or guarantee which relate to title to any interest in property.

2. A title insurer need not file: (a) Reinsurance contracts and agreements. (b) Closing protection letters. (c) Specific defects in title which may be ascertained from an examination of the risk and excepted in reports, binders, commitments or policies, or any affirmative assurances of the title insurer with respect to those defects, whether given by endorsement or otherwise. (d) Specific exceptions from coverage by reason of limitations upon the examination of the risk imposed by the applicant for insurance or through failure of the applicant to provide data requisite to a judgment of insurability.

3. Unless the Commissioner disapproves a form or schedule within 30 days after it is filed in the Office of the Commissioner, the form or schedule is approved.

4. No form or schedule may be used until it is approved by the Commissioner.

5. No title insurer or title agent may make or impose any charge for premium, escrow, settlement or closing services when performed in connection with the issue of a title insurance policy except in accordance with the schedule of charges filed with the Commissioner as required by this section.

6. A title insurer or title agent shall not charge a fee for any statement or tax return regarding payments of interest which federal law requires the insurer or agent to furnish and file.

7. As used in this section, “closing protection letter” means a letter issued as described in NRS 692A.225 .
Nev. Rev. Stat. § 687C.020 — NV Code / Title 57 / Chapter 687C / Section 687C.020
Representative: Designation
Status: in_force

The Commissioner of Insurance is hereby designated to serve as the representative of this State to the Interstate Insurance Product Regulation Commission.
Nev. Rev. Stat. § 682A.310 — NV Code / Title 57 / Chapter 682A / Section 682A.310
Exemption from requirements for admitted assets
Status: in_force

An insurer may acquire or hold as admitted assets investments that do not otherwise qualify as provided in this chapter if:

1. The insurer has not acquired them for the purpose of circumventing any limitations contained in this chapter;

2. The insurer complies with the provisions of NRS 682A.380 and 682A.386 as to the investments; and

3. The insurer acquires the investments in the following circumstances: (a) As payment on account of existing indebtedness or in connection with the refinancing, restructuring or workout of existing indebtedness, if taken to protect the insurer's interest in that investment; (b) As realization on collateral for an obligation; (c) In connection with an otherwise qualified investment or investment practice, as interest on, or a dividend or other distribution related to, the investment or investment practice, or in connection with the refinancing of the investment, in each case for no additional or only nominal consideration; (d) Under a lawful and bona fide agreement of recapitalization or voluntary or involuntary reorganization in connection with an investment held by the insurer; or (e) Under a bulk reinsurance, merger or consolidation transaction approved by the Commissioner if the assets constitute admissible investments for the ceding, merged or consolidated companies.
Nev. Rev. Stat. § 682B.250 — NV Code / Title 57 / Chapter 682B / Section 682B.250
Applicability of other provisions
Status: in_force

NRS 682B.070 (appraisal) and 682B.100 (levy upon deposit) shall also apply to trusteed assets of an alien insurer.
Nev. Rev. Stat. § 696C.100 — NV Code / Title 57 / Chapter 696C / Section 696C.100
Conditions for placement under administrative supervision; duties of Commissioner; duration; review
Status: in_force

1. The Commissioner may place an insurer under administrative supervision if: (a) At any time, the Commissioner determines that: (1) The insurer is in a hazardous financial condition as set forth in regulations adopted pursuant to NRS 680A.205 , 695B.150 , 695C.318 , 695D.157 or 695F.212 or any other applicable provision of this title; (2) The insurer is in a hazardous financial condition pursuant to NRS 682A.510 , 695C.319 or 695C.3195 or any other applicable provision of this title; (3) The continued operation of the insurer transacting business in this State may be hazardous to the insureds or creditors of the insurer or to the general public; (4) As described in subsection 5, the insurer appears to have exceeded its powers as granted by its license or certificate of authority, as applicable, or as granted by applicable law; or (5) The insurer is conducting its business fraudulently; or (b) The insurer agrees to be placed under administrative supervision.

2. If the Commissioner places an insurer under administrative supervision pursuant to subsection 1: (a) The Commissioner shall promptly notify the insurer that the insurer has been placed under administrative supervision, and include with that notice: (1) The determination, if any, made by the Commissioner pursuant to paragraph (a) of subsection 1; (2) A written list of the actions which the insurer must take to satisfy the Commissioner that the placement of the insurer under administrative supervision pursuant to subsection 1 is no longer appropriate; (3) The initial period of administrative supervision established pursuant to paragraph (b); (4) The actions, if any, identified by the Commissioner pursuant to subsection 2 of NRS 696C.110 ; and (5) A statement that the provisions of this chapter govern the administrative supervision of the insurer. (b) Except as otherwise provided in this paragraph, the initial period of administrative supervision begins upon the insurer's receipt of the notice described in paragraph (a) and ends 60 days after the date of the Commissioner's determination pursuant to paragraph (a) of subsection 1 or the date of the insurer's agreement pursuant to paragraph (b) of subsection 1, as applicable. The Commissioner may designate a different date for the end of the initial period of administrative supervision, if the Commissioner determines that a different date is appropriate and includes that date in the notice required by paragraph (a).

3. The insurer remains under administrative supervision pursuant to this section from the beginning of the initial period of administrative supervision established pursuant to paragraph (b) of subsection 2 until the date on which the insurer is released from administrative supervision by the Commissioner pursuant to paragraph (a) of subsection 4.

4. At the end of the initial period of supervision established pursuant to paragraph (b) of subsection 2 and at the end of any extended period of supervision established pursuant to paragraph (b) of this subsection, the Commissioner shall provide the insurer with notice and an opportunity for a hearing to determine whether the insurer has taken the actions specified pursuant to subparagraph (2) of paragraph (a) of subsection 2 to the satisfaction of the Commissioner. If the Commissioner determines that the insurer: (a) Has taken such actions to the satisfaction of the Commissioner, the Commissioner shall release the insurer from administrative supervision; or (b) Has not taken such actions to the satisfaction of the Commissioner, the Commissioner shall designate an extended period of supervision during which the insurer remains under administrative supervision.

5. For the purposes of subparagraph (4) of paragraph (a) of subsection 1, an insurer shall be deemed to have exceeded its powers if the insurer: (a) Refused to permit the Commissioner, or an examiner authorized by the Commissioner, to examine its books, papers, accounts, records or affairs; (b) Is a domestic insurer and unlawfully removed from this State books, papers, accounts or records necessary for an examination of the insurer; (c) Failed or refused to promptly comply with any applicable statutes or regulations relating to financial reporting or any requests of the Commissioner relating thereto; (d) Failed or refused to comply with an order of the Commissioner to make good, within the time prescribed by law, any prohibited deficiency in its capital, capital stock or surplus; (e) Continued to transact insurance or write business in this State after its license or certificate of authority, as applicable, has been revoked or suspended by the Commissioner; (f) Unlawfully, in violation of an order of the Commissioner, or without first having obtained written approval of the Commissioner if written approval is required by law, and whether accomplished by contract or otherwise: (1) Completely reinsured its entire outstanding business; or (2) Merged or substantially consolidated its entire property or business with another insurer; (g) Engaged in any transaction in which it is not authorized to engage under the laws of this State; or (h) Otherwise failed or refused to comply with a lawful order of the Commissioner.
Nev. Rev. Stat. § 686C.154 — NV Code / Title 57 / Chapter 686C / Section 686C.154
Alternative policies or contracts: Adoption; approval; contents; premium; coverage
Status: in_force

1. Alternative policies or contracts adopted by the Association are subject to the approval of the Commissioner. The Association may adopt alternative policies or contracts of various types for future issuance without regard to any particular impairment or insolvency.

2. An alternative policy or contract must contain at least the minimum statutory provisions required in this state and provide benefits that are not unreasonable in relation to the premium charged. The Association shall set the premium in accordance with a table of rates which it shall adopt. The premium must reflect the amount of insurance to be provided and the age and class of risk of each insured or enrollee, but must not reflect any changes in the health of the insured or enrollee after the original policy or contract was last underwritten.

3. An alternative policy or contract issued by the Association must provide coverage of a type similar to that of the policy or contract issued by the impaired or insolvent insurer, as determined by the Association.

4. If the Association elects to reissue terminated coverage at a rate of premium different from that charged under the terminated policy or contract, the premium must be set by the Association at an actuarially justified amount in accordance with the amount of insurance provided and the age and class of risk, subject to approval by the Commissioner pursuant to subsection 1.
Nev. Rev. Stat. § 689A.260 — NV Code / Title 57 / Chapter 689A / Section 689A.260
Conformity with state statutes
Status: in_force

There may be a provision as follows:

Conformity with State Statutes: Any provision of this policy which, on its effective date is in conflict with the statutes of the state in which the insured resides on such date is hereby amended to conform to the minimum requirements of such statutes.
Nev. Rev. Stat. § 695I.380 — NV Code / Title 57 / Chapter 695I / Section 695I.380
Appointment, classification, qualifications and duties of Executive Director; appointment, classification and removal of other employees
Status: in_force

1. The Board shall appoint an Executive Director of the Exchange.

2. The Executive Director: (a) Is in the unclassified service of the State; (b) Is responsible to the Board and serves at the pleasure of the Board; (c) Must have experience in the administration of health care or health insurance; and (d) Is responsible for the administrative matters of the Board.

3. Subject to the limits of available funding, the Executive Director may, in accordance with chapter 284 of NRS , appoint and remove such employees of the Exchange as are necessary for the administration of the Exchange.

4. Employees of the Exchange appointed pursuant to subsection 3 are in either the classified or unclassified service of the State, in accordance with the historical manner of categorization.
Nev. Rev. Stat. § 687A.032 — NV Code / Title 57 / Chapter 687A / Section 687A.032
“Assumed claims transaction” defined
Status: in_force

“ Assumed claims transaction ” includes:

1. A policy obligation that has been assumed by an insolvent insurer, before the entry of a final order of liquidation, through a merger between the insolvent insurer and another entity obligated under the policy.

2. An assumption reinsurance transaction in which: (a) The insolvent insurer assumed, before the entry of a final order of liquidation, the claim or policy obligations of another insurer or entity obligated under a claim or policy; (b) The assumption of the claim or policy obligations has been approved by the Commissioner, if such approval is required; and (c) As a result of the assumption, the claim or policy obligation became the direct obligation of the insolvent insurer through a novation of the claim or policy.
Nev. Rev. Stat. § 681A.190 — NV Code / Title 57 / Chapter 681A / Section 681A.190
Reinsurance ceded to group of incorporated insurers under common administration
Status: in_force

1. Credit must be allowed if reinsurance is ceded to a group of incorporated insurers under common administration which: (a) Does not engage in any business other than underwriting as a member of the group; (b) Is subject to the same amount of regulation and solvency control by the group's domiciliary regulator as are the unincorporated members of the group; (c) Reports annually to the Commissioner the information required by subsection 1 of NRS 681A.180 ; (d) Has continuously transacted insurance outside the United States for at least 3 years immediately before making an application for accreditation; (e) Submits to this state's authority to examine its books and records and bears the expense of the examination; (f) Has aggregate policyholders' surplus of $10,000,000,000; and (g) Maintains a trust pursuant to subsection 2.

2. The trust must be in an amount equal to the group's several liabilities attributable to business ceded by ceding insurers in the United States to any member of the group pursuant to contracts of reinsurance issued in the name of the group, and the group shall maintain a joint surplus in trust of which $100,000,000 must be held jointly for the benefit of ceding insurers in the United States to any member of the group as additional security for any such liabilities.

3. Each member of the group shall, within 90 days after the date its financial statements must be filed with the group's domiciliary regulator, make available to the Commissioner an annual certification of the member's solvency by the member's domiciliary regulator and its independent public accountant.
Nev. Rev. Stat. § 693A.200 — NV Code / Title 57 / Chapter 693A / Section 693A.200
Mutual insurers: Membership
Status: in_force

1. Each policyholder of a domestic mutual insurer, other than a policyholder of a reinsurance contract, is a member of the insurer during the period of the insurance with all the rights and obligations of such membership, and the policy shall so specify.

2. Any person, government or governmental agency or institution, estate, trustee or fiduciary may be a member of a mutual insurer.
Nev. Rev. Stat. § 691B.030 — NV Code / Title 57 / Chapter 691B / Section 691B.030
Estoppel of insurer which executes surety contract to deny power to execute contract in proceeding to enforce liability
Status: in_force

Any insurer which executes any surety contract as surety shall be estopped, in any proceeding to enforce the liability which it has assumed to incur, to deny its power to execute such contract or assume such liability.
Nev. Rev. Stat. § 691E.110 — NV Code / Title 57 / Chapter 691E / Section 691E.110
“Producer of limited lines travel insurance” defined
Status: in_force

“ Producer of limited lines travel insurance ” means a person licensed pursuant to NRS 691E.200 who is authorized by an insurer to solicit travel insurance either directly or through a travel retailer.
Nev. Rev. Stat. § 682A.213 — NV Code / Title 57 / Chapter 682A / Section 682A.213
“SVO” defined
Status: in_force

“ SVO ” means the Securities Valuation Office of the NAIC, or any successor office established by the NAIC.
Nev. Rev. Stat. § 685A.127 — NV Code / Title 57 / Chapter 685A / Section 685A.127
Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commissioner
Status: in_force

<See notes for changes to this section effective under certain conditions.>

1. An applicant for the issuance or renewal of a surplus lines broker's license shall submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520 . The statement must be completed and signed by the applicant.

2. The Commissioner shall include the statement required pursuant to subsection 1 in: (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or (b) A separate form prescribed by the Commissioner.

3. A surplus lines broker's license may not be issued or renewed by the Commissioner if the applicant: (a) Fails to submit the statement required pursuant to subsection 1; or (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.

4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.
Nev. Rev. Stat. § 695D.130 — NV Code / Title 57 / Chapter 695D / Section 695D.130
Certificate of authority: Issuance; fees
Status: in_force

The Commissioner shall issue a certificate of authority to an organization for dental care after the organization has paid an application fee of $2,450 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 , and the Commissioner is satisfied that:

1. The persons responsible for operating the organization are competent, trustworthy, have not been convicted of a felony and have good reputations.

2. The plan for dental care includes care which is appropriate for the plan and the plan is appropriate for providing that care.

3. The organization is financially responsible and may reasonably be expected to meet its obligations to its members. To determine financial responsibility the Commissioner may consider: (a) The organization's arrangements for dental care and the schedule of charges to be used; (b) The agreements with an insurer, government or any other organizations for ensuring payment for the dental care; (c) Any provisions for alternative coverage if the plan for dental care is discontinued; and (d) The agreements with the dentists providing dental care to the organization's members.

4. The appropriate deposits or bonds have been filed with the Commissioner by the organization and its officers.
Nev. Rev. Stat. § 689.465 — NV Code / Title 57 / Chapter 689 / Section 689.465
“Cemetery authority” defined
Status: in_force

“ Cemetery authority ” means any natural person, partnership, corporation, association or cemetery district owning or controlling lands or property for a cemetery and engaged in the operation of a cemetery in this State which provides endowment care or sells burial merchandise or services under prepaid contracts.
Nev. Rev. Stat. § 686B.143 — NV Code / Title 57 / Chapter 686B / Section 686B.143
Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commissioner
Status: in_force

<See notes for changes to this section effective under certain conditions.>

1. A natural person who applies for the issuance or renewal of a license as a rate service organization shall submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520 . The statement must be completed and signed by the applicant.

2. The Commissioner shall include the statement required pursuant to subsection 1 in: (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or (b) A separate form prescribed by the Commissioner.

3. A license as a rate service organization may not be issued or renewed by the Commissioner if the applicant is a natural person who: (a) Fails to submit the statement required pursuant to subsection 1; or (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.

4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.
Nev. Rev. Stat. § 681A.350 — NV Code / Title 57 / Chapter 681A / Section 681A.350
“Manager for reinsurance” defined
Status: in_force

“Manager for reinsurance” means a person who has authority to bind or manage all or part of the assumed reinsurance of a reinsurer and acts as an agent for the reinsurer whether known as a manager or other similar term. The term includes the manager of a separate division, department or underwriting office who acts as an agent for a reinsurer. For the purposes of NRS 681A.250 to 681A.580 , inclusive, the following persons are not managers with respect to a reinsurer:

1. An employee of the reinsurer;

2. A manager of a branch of an alien reinsurer located in the United States;

3. An underwriting manager who, pursuant to a contract, manages all or part of the reinsurance of the reinsurer, is under common control with the reinsurer within the meaning of chapter 692C of NRS , and whose compensation is not based on the volume of premiums written; or

4. The manager of a group, association, pool or organization of insurers who engage in joint underwriting or joint reinsurance and who are subject to examination by the commissioner of the state in which the principal business office of the manager is located.
Nev. Rev. Stat. § 686B.117 — NV Code / Title 57 / Chapter 686B / Section 686B.117
Intervention in hearing on rates
Status: in_force

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 the practitioner's professional duty toward a patient, any interested person, and any association of persons or organization whose members may be affected, may intervene as a matter of right in any hearing or other proceeding conducted to determine whether the applicable rate or proposed increase thereto:

1. Complies with the standards set forth in NRS 686B.050 and subsection 3 of NRS 686B.070 .

2. Should be approved or disapproved.
Nev. Rev. Stat. § 694B.140 — NV Code / Title 57 / Chapter 694B / Section 694B.140
Contributions to insurer
Status: in_force

1. The attorney or other parties may advance to a domestic reciprocal insurer upon reasonable terms such funds as it may require from time to time in its operations. Sums so advanced shall not be treated as a liability of the insurer, and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus. No such withdrawal or repayment shall be made without the advance approval of the Commissioner.

2. This section does not apply to bank loans or to other loans made upon security.
Nev. Rev. Stat. § 683A.400 — NV Code / Title 57 / Chapter 683A / Section 683A.400
Money received and held in fiduciary capacity by producer of insurance, surplus lines broker, motor club agent or bail agent: Requirements; penalty for diversion or appropriation; commingling
Status: in_force

1. All money of others received by any person in any way licensed or acting as a producer of insurance, surplus lines broker, motor club agent or bail agent under any insurance policy or undertaking of bail is received and held by the person in a fiduciary capacity. Any such person who diverts or appropriates such fiduciary money to his or her own use is guilty of embezzlement.

2. Each such person who does not make immediate remittance of the money to the insurer or other person entitled thereto, shall elect and follow with respect to money received for the account of a particular insurer or person either of the following methods: (a) Remit received premiums, less applicable commissions, if any, and return premiums to the insurer or other person entitled thereto within 15 days after receipt; or (b) Establish and maintain in a commercial bank, credit union or other established financial institution depositary in this state one or more accounts, separate from accounts holding his or her general personal, firm or corporate money, and forthwith deposit and retain in the accounts pending transmittal to the insurer or other person entitled thereto, all such premiums, net of applicable commissions, if any, and return premiums. Money belonging to more than one principal may be so deposited and held in the same such account if the amount so held for each principal is readily ascertainable from the records of the depositor. The depositor may commingle with such fiduciary money in a particular account such additional money as the depositor may deem prudent to advance premiums, establish reserves for the payment of return commissions, or for other contingencies arising in his or her business of receiving and transmitting premiums or return premiums.

3. Such a person may commingle with his or her own money to an unlimited amount money of a particular principal if the principal in writing in advance has specifically waived the segregation requirements of subsection 2.

4. Any commingling of money with money of any such person permitted under this section does not alter the fiduciary capacity of that person with respect to the money of others.
Nev. Rev. Stat. § 695C.326 — NV Code / Title 57 / Chapter 695C / Section 695C.326
Health maintenance organization required to provide data relating to claims and costs to person responsible for overseeing health care plan upon request; annual report; format
Status: in_force

1. Notwithstanding any other provision of law that provides for the confidentiality of the information described in this section, a health maintenance organization shall, except as otherwise provided in subsection 4, provide to the person responsible for overseeing the health care plan for a group purchaser upon written request from that person not more than once each year: (a) All claims data relating to the enrollees in a health care plan provided by the health maintenance organization pursuant to a contract with the group purchaser; or (b) Sufficient data relating to the claims of enrollees in the health care plan to allow the group purchaser to calculate the cost-effectiveness of the benefits provided by the health maintenance organization. Such data must include, without limitation: (1) Data necessary to calculate the actual cost of obtaining medical services through the health maintenance organization, organized by medical service and category of disease; (2) Data relating to enrollees in the health care plan who receive care, including, without limitation, demographics of such enrollees, prescriptions, office visits with a provider of health care, inpatient services and outpatient services, as used by the health maintenance organization to make calculations which are required to comply with the risk adjustment, reinsurance and risk corridor requirements of 42 U.S.C. §§ 18061 , 18062 and 18063 ; and (3) Such data as used to establish an experience rating for the enrollees in the health care plan, including, without limitation, coding relating to diagnostics and procedures, the total cost charged to any person for each drug, device or service made available by the health care plan and all reimbursements made to a provider of health care for such drugs, devices or services.

2. If a written request is made pursuant to subsection 1, the health maintenance organization must also provide an annual report relating to the data required to be made available pursuant to subsection 1, which must include, without limitation, sufficient detail to demonstrate the annual changes in the cost and the percentage of increase or decrease, as applicable, for each category of information made available pursuant to subsection 1.

3. A health maintenance organization shall provide the data required by this section in an aggregated form which complies with federal and state law, including, without limitation, the Health Insurance Portability and Accountability Act of 1996, Public Law 104-191 , and any applicable regulations.

4. Before providing any data pursuant to subsection 1, a health maintenance organization shall ensure that a professional statistician examines the data to confirm that such data cannot be used to identify and does not provide a reasonable basis upon which to identify a person whose information is included in the report. If the professional statistician is not able to make such a confirmation, the data must not be provided by the health maintenance organization until such confirmation is obtained.

5. A health maintenance organization must provide the data required by this section in a format which is easily searchable electronically or on a secure Internet website. A health maintenance organization may only provide the data described in this section relating to the health care plan of a group purchaser to the person responsible for overseeing the health care plan for the group purchaser and not relating to the health care plan of any other group purchaser.

6. A group purchaser must have policies and procedures in place which are compliant with federal law, including, without limitation, the Health Insurance Portability and Accountability Act of 1996, Public Law 104-191 , and the regulations adopted pursuant thereto, and the laws of this State to ensure the privacy and security of the data made available to the person responsible for overseeing the health care plan for a group purchaser pursuant to this section.

7. As used in this section, “ group purchaser ” means: (a) An employer that employs at least 1,000 employees, at least 300 of whom are enrolled in a health care plan which is offered by a health maintenance organization; or (b) A group of employers that cumulatively employ at least 500 employees and which has formed a trust for the purpose of funding health care benefits for at least 300 employees who are enrolled in a health care plan which is offered by a health maintenance organization.
Nev. Rev. Stat. § 689A.510 — NV Code / Title 57 / Chapter 689A / Section 689A.510
“Dependent” defined
Status: in_force

“Dependent” has the meaning ascribed to it in NRS 689C.055 .
Nev. Rev. Stat. § 692C.3504 — NV Code / Title 57 / Chapter 692C / Section 692C.3504
Submission; requirements; review; regulations
Status: in_force

1. Each insurer, or the insurance group of which the insurer is a member, shall, not later than June 1 of each calendar year, submit to the Commissioner a corporate governance annual disclosure which contains the information prescribed by the Commissioner by regulation pursuant to subsection 2 of NRS 692C.3506 . If an insurer is a member of an insurance group, the insurer shall submit the report required by this section to the insurance commissioner of the lead state for the insurance group in accordance with the laws of the lead state, as determined by the procedures contained in the most recent Financial Analysis Handbook published by the National Association of Insurance Commissioners.

2. Each year after the year in which the insurer or insurance group first submitted its corporate governance annual disclosure pursuant to subsection 1, the insurer or insurance group shall submit to the Commissioner an amended version of the corporate governance annual disclosure which was submitted the previous year. The amended version must indicate where changes to the corporate governance annual disclosure have been made, including, without limitation, any changes in the information or activities reported by the insurer or insurance group. If no changes have been made, the amended version must expressly indicate that no changes have been made.

3. The corporate governance annual disclosure must include the signature of the chief executive officer or corporate secretary of the insurer or insurance group attesting that, to the best of that person's belief and knowledge, the insurer or insurance group has implemented the corporate governance practices described in the corporate governance annual disclosure and that a copy of the corporate governance annual disclosure has been provided to the board of directors, or the appropriate committee thereof, of the insurer or insurance group.

4. An insurer that is not required to submit a corporate governance annual disclosure to the Commissioner pursuant to subsection 1 shall do so upon the Commissioner's request.

5. For purposes of completing the corporate governance annual disclosure, the insurer or insurance group may provide information regarding the corporate governance at the level of the legal entity which exercises ultimate control over the insurer or insurance group, of an intermediate holding company or of the insurer or insurance group, depending upon the manner in which the insurer or insurance group has structured its system of corporate governance. The insurer or insurance group shall, to the extent practicable, provide such information at the level at which: (a) The insurer or insurance group determines the amount of risk it is willing to bear; (b) The earnings, capital, liquidity, operations and reputation of the insurer or insurance group are overseen collectively and the supervision of those factors are coordinated and exercised; or (c) Legal liability for a failure of general corporate governance duties would be placed. If the insurer or insurance group determines the level of reporting based on these criteria, it shall indicate in the corporate governance annual disclosure which of the three criteria was used to determine the level of reporting and explain any changes in the level of reporting used for subsequent corporate governance annual disclosures.

6. The review of the corporate governance annual disclosure and any additional requests for information must be performed by the lead state as determined by the procedures contained in the most recent Financial Analysis Handbook published by the National Association of Insurance Commissioners.

7. An insurer or insurance group which provides information substantially similar to the information required by NRS 692C.3501 to 692C.3509 , inclusive, in other documents provided to the Commissioner, including, without limitation, proxy statements filed in conjunction with any forms filed pursuant to NRS 692C.270 or any regulations adopted pursuant thereto, or other state or federal filings provided to the Division, may cross-reference in the corporate governance annual disclosure the document in which the information is included rather than duplicating such information in the corporate governance annual disclosure.
Nev. Rev. Stat. § 686B.1769 — NV Code / Title 57 / Chapter 686B / Section 686B.1769
Uniform Plan for Rating Experience: Requirements; use
Status: in_force

1. The Uniform Plan for Rating Experience must: (a) Contain reasonable standards for eligibility in the Plan; (b) Provide adequate incentives for employers to prevent losses; and (c) Permit sufficient differences in an insurer's premiums to encourage safety at the employer's place of business.

2. The Plan must be the exclusive basis for adjusting future premiums by evaluating an individual employer's characteristics which tend to produce losses, but an insurer may file a rating plan that provides for an adjustment of premiums retrospectively based on an individual employer's past experience of losses.
Nev. Rev. Stat. § 687B.280 — NV Code / Title 57 / Chapter 687B / Section 687B.280
Exemption of proceeds: Group insurance
Status: in_force

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 legal or equitable process to pay any debt or liability of such insured individual or his or her beneficiary or of any other person having a right under the policy. The proceeds thereof, when not made payable to a named beneficiary or to a third person pursuant to a facility-of-payment clause, shall not constitute a part of the estate of the individual insured for the payment of the debts of the individual insured.

2. This section does not apply to group insurance issued pursuant to this Code to a creditor covering his or her debtors, to the extent that such proceeds are applied to payments of the obligation for the purpose of which the insurance was so issued.
Nev. Rev. Stat. § 695G.303 — NV Code / Title 57 / Chapter 695G / Section 695G.303
Independent review organization and health carrier required to maintain written records; submission of report upon request
Status: in_force

1. An independent review organization assigned pursuant to NRS 695G.251 , 695G.271 or 695G.275 to conduct an external review shall maintain written records, aggregated for each state and for each health carrier, on all requests for which it conducted an external review during a calendar year and, upon request, submit a report to the Office for Consumer Health Assistance in a format specified by the Commissioner.

2. The report must include, aggregated for each state and for each health carrier: (a) The total number of requests for external review; (b) The number of requests for external review resolved and, of those resolved, the number upholding the adverse determination and the number reversing the adverse determination; (c) The average length of time for resolution; (d) A summary of the types of coverages or cases for which an external review was sought; (e) The number of external reviews that were terminated as the result of a reconsideration by the health carrier of its adverse determination after receipt of additional information from the covered person or the covered person's authorized representative pursuant to subsection 4 of NRS 695G.251 and subsection 32 of NRS 695G.275 ; and (f) Any other information the Office for Consumer Health Assistance may request or require.

3. An independent review organization shall retain the written records required pursuant to this section for at least 3 years.

4. Each health carrier shall maintain written records, aggregated for each state and for each type of health benefit plan offered by the health carrier, on all requests for external review for which the health carrier receives notice from the Office for Consumer Health Assistance and, upon request, submit a report to the Office for Consumer Health Assistance in a format specified by the Commissioner.

5. The report must include, aggregated for each state and for each type of health benefit plan: (a) The total number of requests for external review; (b) Of the total number of requests for external review, the number of requests determined to be eligible for external review; and (c) Any other information the Office for Consumer Health Assistance may request or require.

6. A health carrier shall retain the written records required pursuant to this section for at least 3 years.
Nev. Rev. Stat. § 695A.256 — NV Code / Title 57 / Chapter 695A / Section 695A.256
Benefit contract covering prescription drugs: Submission to step therapy protocol for drug to treat psychiatric condition prohibited in certain circumstances
Status: in_force

1. A benefit contract which provides coverage for prescription drugs must not require an insured to submit to a step therapy protocol before covering a drug approved by the Food and Drug Administration that is prescribed to treat a psychiatric condition of the insured, if: (a) The drug has been approved by the Food and Drug Administration with indications for the psychiatric condition of the insured or the use of the drug to treat that psychiatric condition is otherwise supported by medical or scientific evidence; (b) The drug is prescribed by: (1) A psychiatrist; (2) A physician assistant under the supervision of a psychiatrist; (3) An advanced practice registered nurse who has the psychiatric training and experience prescribed by the State Board of Nursing pursuant to NRS 632.120 ; or (4) A primary care provider that is providing care to an insured in consultation with a practitioner listed in subparagraph (1), (2) or (3), if the closest practitioner listed in subparagraph (1), (2) or (3) who participates in the network plan of the society is located 60 miles or more from the residence of the insured; and (c) The practitioner listed in paragraph (b) who prescribed the drug knows, based on the medical history of the insured, or reasonably expects each alternative drug that is required to be used earlier in the step therapy protocol to be ineffective at treating the psychiatric condition.

2. Any provision of a benefit contract subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after July 1, 2023, which is in conflict with this section is void.

3. As used in this section: (a) “ Medical or scientific evidence ” has the meaning ascribed to it in NRS 695G.053 . (b) “ Network plan ” means a benefit contract offered by a society under which the financing and delivery of medical care is provided, in whole or in part, through a defined set of providers under contract with the society. The term does not include an arrangement for the financing of premiums. (c) “ Step therapy protocol ” means a procedure that requires an insured to use a prescription drug or sequence of prescription drugs other than a drug that a practitioner recommends for treatment of a psychiatric condition of the insured before his or her benefit contract provides coverage for the recommended drug.
Nev. Rev. Stat. § 687A.115 — NV Code / Title 57 / Chapter 687A / Section 687A.115
Detection and prevention of insolvency: Powers of Commissioner
Status: in_force

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 District of Columbia when the Commissioner revokes or suspends a license, or when the Commissioner makes any formal order that a company restrict its writing of insurance, obtain additional contributions to surplus, withdraw from the State or reinsure any part of its business or any other account for the security of policyholders or creditors. (b) Report to the Board of Directors any action set forth in paragraph (a) and the receipt of a report from another insurance commissioner indicating that the action has been taken elsewhere. The report shall contain all significant details of the action taken or the report received. (c) Report to the Board of Directors when the Commissioner has reasonable cause to believe from any examination of any member insurer, whether completed or in process, that the member insurer may be insolvent or in a financial condition hazardous to the interests of policyholders or the public. (d) Furnish to the Board of Directors the early warning tests developed by the National Association of Insurance Commissioners. The Board may use the information furnished to carry out its duties. Except as otherwise provided in NRS 239.0115 , the report and the information contained therein is not a public record and shall be kept confidential by the Board of Directors until it is made public by the Commissioner or other lawful authority.

2. The Commissioner may seek the advice and recommendations of the Board of Directors concerning any matter affecting the duties and responsibilities of the Commissioner relating to the financial condition of member insurers and of insurers seeking admission to transact business in this State.
Nev. Rev. Stat. § 695I.510 — NV Code / Title 57 / Chapter 695I / Section 695I.510
Temporary advance from State General Fund for authorized expenses of Exchange
Status: in_force

1. If the Executive Director determines that the current expenses of the Exchange exceed the amount of money available because of a delay in the receipt of money from federal grants or a delay in the receipt of revenue from other sources, the Executive Director may request from the Office of Finance an advance from the State General Fund for the payment of authorized expenses.

2. If the Director of the Office of Finance approves a request made pursuant to subsection 1, he or she shall notify the State Controller and the Fiscal Analysis Division of the Legislative Counsel Bureau of the amount of advance approved.

3. Upon receiving notification pursuant to subsection 2, the State Controller shall draw his or her warrant for payment of the approved amount.

4. An advance made pursuant to this section must not exceed 25 percent of the revenue expected to be received from any source other than legislative appropriation during the fiscal year in which the request is made.

5. Any money which is advanced pursuant to this section must be repaid by the Exchange to the State General Fund not later than August 31 immediately after the end of the fiscal year during which the advance is made.
Nev. Rev. Stat. § 695A.153 — NV Code / Title 57 / Chapter 695A / Section 695A.153
Society prohibited from asserting certain grounds to deny enrollment of child of insured pursuant to order
Status: in_force

A society shall not deny the enrollment of a child pursuant to an order for medical coverage under a certificate for health benefits pursuant to which a parent of the child is insured, on the ground that the child:

1. Was born out of wedlock;

2. Has not been claimed as a dependent on the parent's federal income tax return; or

3. Does not reside with the parent or within the society's geographic area of service.
Nev. Rev. Stat. § 688B.050 — NV Code / Title 57 / Chapter 688B / Section 688B.050
Grace period
Status: in_force

The group life insurance policy shall contain a provision that the policyholder is entitled to a grace period of 31 days for the payment of any premium due except the first, during which grace period the death benefit coverage shall continue in force, unless the policyholder has given the insurer written notice of discontinuance in advance of the date of discontinuance and in accordance with the terms of the policy. The policy may provide that the policyholder shall be liable to the insurer for the payment of a pro rata premium for the time the policy was in force during such grace period.
Nev. Rev. Stat. § 692C.040 — NV Code / Title 57 / Chapter 692C / Section 692C.040
“Commissioner” defined
Status: in_force

“ Commissioner ” means the Commissioner of Insurance, the deputies of the Commissioner, or the Division, as appropriate.
Nev. Rev. Stat. § 682A.009 — NV Code / Title 57 / Chapter 682A / Section 682A.009
“Acceptable private mortgage insurance” defined
Status: in_force

“ Acceptable private mortgage insurance ” means insurance written by a private insurer protecting a mortgage lender against loss occasioned by a mortgage loan default and issued by a licensed mortgage insurance company with a rating of 1 by the SVO, or a rating issued by a nationally recognized statistical rating organization equivalent to a rating of 1 by the SVO, that covers losses up to an 80 percent loan-to-value ratio.
Nev. Rev. Stat. § 696C.120 — NV Code / Title 57 / Chapter 696C / Section 696C.120
Confidentiality; exceptions
Status: in_force

1. Notwithstanding any other provision of law and except as set forth in this section and NRS 239.0115 , any proceedings and hearings, and any notices, correspondence, reports, records and other information in the possession of the Commissioner, relating to the administrative supervision of any insurer pursuant to this chapter are confidential by law and privileged, are not subject to subpoena, are not subject to discovery and are not admissible in evidence in any private civil action.

2. The Commissioner may use the information specified in subsection 1 in the furtherance of any regulatory or legal action brought as part of his or her official duties, including, without limitation, his or her duties as a receiver pursuant to chapter 696B of NRS .

3. Neither the Commissioner nor any other person who received access to any information specified in subsection 1 while acting under the authority of the Commissioner may be permitted or required to testify in any private civil action concerning the information.

4. In order to assist in the performance of the regulatory duties of the Commissioner, the Commissioner may: (a) Share the information specified in subsection 1 with: (1) Other state, federal and international regulatory agencies, including, without limitation, members of any supervisory college as defined in NRS 692C.359 ; (2) The National Association of Insurance Commissioners and its affiliates and subsidiaries; (3) Third party consultants designated by the Commissioner; and (4) State, federal and international law enforcement authorities, if the Commissioner determines that the disclosure is necessary or proper for the enforcement of the laws of this State or another state, provided that the recipient agrees to maintain the confidentiality of the applicable information specified in subsection 1. No waiver of any applicable privilege or claim of confidentiality occurs because of the sharing of information pursuant to this paragraph. (b) Open any proceedings or hearings to the public or make public any other information specified in subsection 1 if the Commissioner determines that it is in the best interest of the public or in the best interest of the insurer, the insureds or creditors of the insurer, or the general public.
Nev. Rev. Stat. § 689.235 — NV Code / Title 57 / Chapter 689 / Section 689.235
Agent's license: Qualifications; application; fees; conviction of or pleas to certain crimes by applicant or licensee sufficient ground for denial, suspension or revocation; fingerprints
Status: in_force

<See notes for changes to this section effective under certain conditions.>

1. To qualify for an agent's license, the applicant: (a) Must file a written application with the Commissioner on forms prescribed by the Commissioner; (b) Must have a good business and personal reputation; and (c) Must not have been convicted of, or entered a plea of guilty, guilty but mentally ill or nolo contendere to, forgery, embezzlement, obtaining money under false pretenses, larceny, extortion, conspiracy to defraud or any crime involving moral turpitude.

2. The application must: (a) Contain information concerning the applicant's identity, address, social security number and personal background and business, professional or work history. (b) Contain such other pertinent information as the Commissioner may require. (c) Be accompanied by the statement required pursuant to NRS 689.258 . (d) Be accompanied by the applicable fee established in NRS 680B.010 , which is not refundable, and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 .

3. A conviction of, or plea of guilty, guilty but mentally ill or nolo contendere by, an applicant or licensee for any crime listed in paragraph (c) of subsection 1 is a sufficient ground for the Commissioner to deny a license to the applicant, or to suspend or revoke the agent's license pursuant to NRS 689.265 .

4. A natural person who is a resident of this State must, as part of his or her application and at the applicant's own expense: (a) Arrange to have a complete set of his or her fingerprints taken by a law enforcement agency or other authorized entity acceptable to the Commissioner; and (b) Submit to the Commissioner: (1) A completed fingerprint card and written permission authorizing the Commissioner to submit the applicant's fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for a report on the applicant's background and to such other law enforcement agencies as the Commissioner deems necessary; or (2) Written verification, on a form prescribed by the Commissioner, stating that the fingerprints of the applicant were taken and directly forwarded electronically or by another means to the Central Repository and that the applicant has given written permission to the law enforcement agency or other authorized entity taking the fingerprints to submit the fingerprints to the Central Repository for submission to the Federal Bureau of Investigation for a report on the applicant's background and to such other law enforcement agencies as the Commissioner deems necessary.

5. The Commissioner may: (a) Unless the applicant's fingerprints are directly forwarded pursuant to subparagraph (2) of paragraph (b) of subsection 4, submit those fingerprints to the Central Repository for submission to the Federal Bureau of Investigation and to such other law enforcement agencies as the Commissioner deems necessary; and (b) Request from each such agency any information regarding the applicant's background as the Commissioner deems necessary.
Nev. Rev. Stat. § 681A.210 — NV Code / Title 57 / Chapter 681A / Section 681A.210
Requirements when assuming insurer is not licensed or accredited to transact insurance or reinsurance in this State
Status: in_force

1. Except as otherwise provided in subsection 2, if the assuming insurer is not licensed or accredited to transact insurance or reinsurance in this State, the credit permitted by NRS 681A.170 or 681A.180 must not be allowed unless the assuming insurer agrees in the agreements for reinsurance: (a) That in the event of the failure of the assuming insurer to perform its obligations under the terms of the agreement, the assuming insurer, at the request of the ceding insurer, will submit to the jurisdiction of any court of competent jurisdiction in any state of the United States, will comply with all requirements necessary to give the court jurisdiction, and will abide by the final decision of the court or of any appellate court in the event of an appeal; (b) To designate the Commissioner or a designated attorney as its true and lawful attorney upon whom may be served any lawful process in an action, suit or proceeding instituted by or on behalf of the ceding company; and (c) To comply with the conditions set forth in subsection 5 of NRS 681A.180 .

2. This section does not conflict with or override the obligation of the parties to an agreement for reinsurance to arbitrate their disputes if such an obligation is created in the agreement.
Nev. Rev. Stat. § 688A.160 — NV Code / Title 57 / Chapter 688A / Section 688A.160
Revised Statutes Title
Status: in_force

There shall be a title on the policy, briefly describing the same.
Nev. Rev. Stat. § 689A.180 — NV Code / Title 57 / Chapter 689A / Section 689A.180
Optional provisions: Requirements; substitution of provisions; captions
Status: in_force

Except as otherwise provided in NRS 689A.040 , no such policy delivered or issued for delivery to any person in this State may contain provisions respecting the matters set forth in NRS 689A.190 to 689A.270 , inclusive, unless the provisions are in the words in which the provisions appear in the applicable section, except that the insurer may, at its option, use in lieu of any such provision a corresponding provision of different wording approved by the Commissioner which is not less favorable in any respect to the insured or the beneficiary. Any such provision contained in the policy must be preceded individually by the appropriate caption or, at the option of the insurer, by such appropriate individual or group captions or subcaptions as the Commissioner may approve.
Nev. Rev. Stat. § 690A.055 — NV Code / Title 57 / Chapter 690A / Section 690A.055
Combinations of consumer credit insurance; prohibition or limitation by regulation
Status: in_force

The types of consumer credit insurance defined in this chapter may be written separately or in combination with other types of consumer credit insurance on an individual policy or group policy basis. The Commissioner may by regulation prohibit or limit any combination.
Nev. Rev. Stat. § 695C.1708 — NV Code / Title 57 / Chapter 695C / Section 695C.1708
Required provision concerning coverage for services provided through telehealth to same extent as though provided in person or by other means; required provision concerning reimbursement for certain services provided through telehealth in same amount as though provided in person or by other means; prohibited acts; requirements for certain health maintenance organizations concerning teledentistry
Status: in_force

1. A health care plan of a health maintenance organization must include coverage for services provided to an enrollee through telehealth to the same extent as though provided in person or by other means.

2. A health care plan of a health maintenance organization must provide reimbursement for services described in subsection 1 in the same amount as though provided in person or by other means: (a) If the services: (1) Are received at an originating site described in 42 U.S.C. § 1395m(m)(4)(C) or furnished by a federally-qualified health center or a rural health clinic; and (2) Except for services described in paragraph (b), are not provided through audio-only interaction; or (b) For counseling or treatment relating to a mental health condition or a substance use disorder, including, without limitation, when such counseling or treatment is provided through audio-only interaction.

3. A health maintenance organization shall not: (a) Require an enrollee to establish a relationship in person with a provider of health care or provide any additional consent to or reason for obtaining services through telehealth as a condition to providing the coverage described in subsection 1 or the reimbursement described in subsection 2; (b) Require a provider of health care to demonstrate that it is necessary to provide services to an enrollee through telehealth or receive any additional type of certification or license to provide services through telehealth as a condition to providing the coverage described in subsection 1 or the reimbursement described in subsection 2; (c) Refuse to provide the coverage described in subsection 1 or the reimbursement described in subsection 2 because of: (1) The distant site from which a provider of health care provides services through telehealth or the originating site at which an enrollee receives services through telehealth; or (2) The technology used to provide the services; (d) Require covered services to be provided through telehealth as a condition to providing coverage for such services; or (e) Categorize a service provided through telehealth differently for purposes relating to coverage or reimbursement than if the service had been provided in person or through other means.

4. A health care plan of a health maintenance organization must not require an enrollee to obtain prior authorization for any service provided through telehealth that is not required for the service when provided in person. Such a health care plan may require prior authorization for a service provided through telehealth if such prior authorization would be required if the service were provided in person or by other means.

5. A health maintenance organization that provides medical services to recipients of Medicaid under the State Plan for Medicaid or insurance pursuant to the Children's Health Insurance Program pursuant to a contract with the Division of Health Care Financing and Policy of the Department of Health and Human Services shall provide referrals to providers of dental services who provide services through teledentistry.

6. A health maintenance organization that provides dental services to recipients of Medicaid under the State Plan for Medicaid or insurance pursuant to the Children's Health Insurance Program pursuant to a contract with the Division of Health Care Financing and Policy of the Department of Health and Human Services shall: (a) Maintain a list of providers of dental services included in the network of the health maintenance organization who offer services through teledentistry; (b) At least quarterly, update the list and submit a copy of the updated list to the emergency department of each hospital located in this State; and (c) Allow such providers of dental services to include on claim forms codes for teledentistry services provided through both real-time interactions and asynchronous transmissions of medical and dental information.

7. The provisions of this section do not require a health maintenance organization to: (a) Ensure that covered services are available to an enrollee through telehealth at a particular originating site; (b) Provide coverage for a service that is not a covered service or that is not provided by a covered provider of health care; or (c) Enter into a contract with any provider of health care or cover any service if the health maintenance organization is not otherwise required by law to do so.

8. Evidence of coverage subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after July 1, 2023, has the legal effect of including the coverage required by this section, and any provision of the plan or the renewal which is in conflict with this section is void.

9. As used in this section: (a) “ Distant site ” has the meaning ascribed to it in NRS 629.515 . (b) “ Federally-qualified health center ” has the meaning ascribed to it in 42 U.S.C. § 1396d(l)(2)(B) . (c) “ Originating site ” has the meaning ascribed to it in NRS 629.515 . (d) “ Provider of health care ” has the meaning ascribed to it in NRS 439.820 . (e) “ Rural health clinic ” has the meaning ascribed to it in 42 U.S.C. § 1395x(aa)(2) . (f) “ Teledentistry ” has the meaning ascribed to it in NRS 631.107 . (g) “ Telehealth ” has the meaning ascribed to it in NRS 629.515 .
Nev. Rev. Stat. § 688A.200 — NV Code / Title 57 / Chapter 688A / Section 688A.200
Annuities: Incontestability
Status: in_force

If any statements, other than those relating to age, sex and identity are required as a condition to issuing an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, and subject to NRS 688A.220 , there shall be a provision that the contract shall be incontestable after it has been in force during the lifetime of the person or of each of the persons as to whom such statements are required, for a period of 2 years from its date of issue, except for nonpayment of stipulated payments to the insurer; and at the option of the insurer such contract may also except any provisions relative to benefits in the event of disability and any provisions which grant insurance specifically against death by accident or accidental means.
Nev. Rev. Stat. § 679B.124 — NV Code / Title 57 / Chapter 679B / Section 679B.124
Denial of application of provider of health care to be included in network of providers of health carrier: Form letter required for notification of provider by health carrier; health carrier to make copy of form sent to provider available to Commissioner; health carrier to submit to Commissioner report summarizing forms sent to provider; confidentiality of forms and reports; annual report by Commissioner
Status: in_force

1. The Commissioner shall: (a) Develop, prescribe and make available on an Internet website maintained by the Division a form letter that a health carrier must use to notify a provider of health care of the denial of his or her application to be included in the network of providers of the health carrier. The form letter must include, without limitation, a place for the health carrier to explain the reason for the denial of the application. (b) Hold hearings to solicit public input when developing the form letter described in paragraph (a) and consider such input when developing the form letter.

2. A health carrier shall: (a) Maintain a copy of each form letter sent to a provider of health care pursuant to subsection 1 and make each copy available to the Commissioner upon request; and (b) As frequently as required by the Commissioner pursuant to subsection 3, submit to the Commissioner a report summarizing the form letters sent to a provider of health care pursuant to subsection 1.

3. The Commissioner shall determine the information that is required to be included in a report submitted pursuant to subsection 2 and the frequency with which the report must be submitted by the health carrier to the Commissioner.

4. Except as otherwise provided in subsection 5, the report submitted to the Commissioner pursuant to subsection 2, any form letter requested by the Commissioner pursuant to that subsection and the information contained therein are confidential.

5. The Commissioner shall: (a) Annually compile a report using aggregated data from the reports and form letters collected pursuant to subsection 2 concerning trends in the denial of applications of providers of health care to be included in the network of providers of a health carrier. The report must include, without limitation, the number of total denials, the number of denials for different types of providers of health care, the number of denials by different carriers and the reasons for such denials. (b) Post the report on an Internet website maintained by the Division. (c) Submit the report to the Governor and the Director of the Legislative Counsel Bureau for transmittal to the Legislature.

6. As used in this section, “ health carrier ” means an entity subject to the insurance laws and regulations of this State, or subject to the jurisdiction of the Commissioner, that contracts or offers to contract to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services, including, without limitation, a sickness and accident health insurance company, a health maintenance organization, a nonprofit hospital and health service corporation or any other entity providing a plan of health insurance, health benefits or health care services.
Nev. Rev. Stat. § 695F.070 — NV Code / Title 57 / Chapter 695F / Section 695F.070
“Subscriber” defined
Status: in_force

“ Subscriber ” means a person whose employment or other status, except for family dependency, is the basis for his or her entitlement to receive a limited health service pursuant to a contract with a person authorized to provide or arrange for that service pursuant to this chapter.
Nev. Rev. Stat. § 681A.211 — NV Code / Title 57 / Chapter 681A / Section 681A.211
Credit for reinsurance ceded by domestic insurer to assuming insurer: Requirements for allowance
Status: in_force

The Commissioner must allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that is licensed to write reinsurance and meets each of the conditions set forth below:

1. The assuming insurer must have its head office or be domiciled in, as applicable, and be licensed in a reciprocal jurisdiction.

2. The assuming insurer must have and maintain, on an ongoing basis, minimum capital and surplus, or its equivalent, calculated according to the methodology of its domiciliary jurisdiction on at least an annual basis as of the preceding December 31 or at the annual date otherwise statutorily reported to the reciprocal jurisdiction, and confirmed as set forth in NRS 681A.2125 , in the following amounts: (a) Not less than $250,000,000; or (b) If the assuming insurer is an association, including, without limitation, incorporated and individual unincorporated underwriters, which has and maintains, on an ongoing basis, minimum capital and surplus equivalents, net of liabilities, in the reciprocal jurisdiction where the assuming insurer has its head office or is domiciled, as applicable, and is also licensed, which are calculated according to the methodology applicable in its domiciliary jurisdiction: (1) Minimum capital and surplus equivalents, net of liabilities, or own funds which are equivalent, of at least $250,000,000; and (2) A central fund with a balance of the equivalent of at least $250,000,000.

3. The assuming insurer must have and maintain on an ongoing basis a minimum solvency or capital ratio, as applicable, as follows: (a) If the assuming insurer has its head office or is domiciled in a reciprocal jurisdiction which meets the requirements of subsection 1 of NRS 681A.062 , the ratio specified in the applicable covered agreement; (b) If the assuming insurer is domiciled in a reciprocal jurisdiction which meets the requirements of subsection 2 of NRS 681A.062 , a risk-based capital ratio of 300 percent of the authorized control level, calculated in accordance with the formula developed by the NAIC; or (c) If the assuming insurer is domiciled in a reciprocal jurisdiction which meets the requirements of subsection 3 of NRS 681A.062 , after consultation with the reciprocal jurisdiction and considering any applicable recommendations published by the NAIC, such solvency or capital ratio as the Commissioner determines to be an effective measure of solvency.

4. The assuming insurer must agree to and provide adequate assurance to the Commissioner, in the form of a properly executed Certificate of Reinsurer Domiciled In Reciprocal Jurisdiction Form RJ-1, of each of the following requirements: (a) The assuming insurer must agree to provide prompt written notice and explanation to the Commissioner if it falls below the minimum requirements set forth in subsection 2 or 3, or if any regulatory action is taken against it for serious noncompliance with applicable law. (b) The assuming insurer must consent in writing to the jurisdiction of the courts of this State and to the appointment of the Commissioner as agent for service of process. The Commissioner may also require that such consent for service of process be provided to the Commissioner and included in each reinsurance agreement under the Commissioner's jurisdiction. Nothing in this paragraph limits, or in any way alters, the capacity of parties to a reinsurance agreement to agree to alternative dispute resolution mechanisms, except to the extent such agreements are unenforceable under applicable insolvency or delinquency laws. (c) The assuming insurer must consent in writing to pay all final judgments, wherever enforcement is sought, obtained by a ceding insurer or its legal successor, that have been declared enforceable in the jurisdiction where the judgment was obtained. (d) Each reinsurance agreement must include a provision requiring the assuming insurer to provide security in an amount equal to 100 percent of the assuming insurer's liabilities attributable to reinsurance ceded pursuant to that agreement if the assuming insurer resists enforcement of a final judgment that is enforceable under the law of the jurisdiction in which it was obtained or a properly enforceable arbitration award, whether obtained by the ceding insurer or by its legal successor on behalf of its resolution estate, if applicable. (e) The assuming insurer must confirm that it is not presently participating in any solvent scheme of arrangement which involves this State's ceding insurers, and agree to notify the ceding insurer and the Commissioner and to provide security in an amount equal to 100 percent of the assuming insurer's liabilities to the ceding insurer consistent with the terms of the scheme, should the assuming insurer enter into such a solvent scheme of arrangement. The security must be in a form consistent with the provisions of NRS 681A.1551 to 681A.1557 , inclusive, and NRS 681A.240 , as specified by the Commissioner by regulation. (f) The assuming insurer must agree in writing to meet the applicable information filing requirements as set forth in NRS 681A.2115 .
Nev. Rev. Stat. § 687B.070 — NV Code / Title 57 / Chapter 687B / Section 687B.070
Power to contract; purchase of insurance and annuities by minors
Status: in_force

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 affirm by novation or otherwise preexisting contracts for annuities or insurance, upon his or her own life, body, health, property, liabilities or other interests, or on the person of another in whom the minor has an insurable interest. Notwithstanding such minority such a minor shall be deemed competent to exercise all rights and powers with respect to or under: (a) Any annuity or insurance contract upon the minor’s own life, body or health; (b) Any contract which such minor effected upon his or her own property, liabilities or other interests; or (c) Any contract effected or owned by the minor on the person of another, as might be exercised by a person of full legal age.

3. Such a minor may at any time surrender his or her interest in any such contracts and give valid discharge for any benefit accruing or money payable thereunder. Such a minor shall not, by reason of his or her minority, be entitled to rescind, avoid or repudiate the contract, or to rescind, avoid or repudiate any exercise of a right or privilege thereunder, except that such a minor, not otherwise emancipated, shall not be bound by any unperformed agreement to pay, by promissory note or otherwise, any premium on any such annuity or insurance contract.

4. All insurance contracts made by a minor under the age of 16 years shall be made only with the written consent of a parent or guardian, and the exercise of all contractual rights under such contracts, or the surrender thereof, or the giving of a valid discharge for any benefit accruing or money payable thereunder shall have the written consent of a parent or guardian if made or given while such minor is under the age of 16 years.

5. All such contracts made by a minor which may result in any personal liability for assessment shall have the written assumption of any such liability by a parent or guardian in consideration of the issuance of the contract. Such assumption shall be in a form approved by the Commissioner, reasonably designed to inform the parent or guardian of the liability thus assumed. Such assumption of liability may be made a part of and included with any written consent of such parent or guardian required under the provisions of this section, and it may be provided therein that such assumption shall cover only up to the anniversary date of the policy nearest the insured's birthday upon which the insured attains the age of 18 years.

6. Any annuity contract or policy of life or health insurance procured by or for a minor under subsection 2 or 3, shall be made payable either to the minor or the estate of the minor or to a person having an insurable interest in the life of the minor.
Nev. Rev. Stat. § 688C.133 — NV Code / Title 57 / Chapter 688C / Section 688C.133
“Viatical settlement investment” defined
Status: in_force

“Viatical settlement investment” has the meaning ascribed to it in NRS 90.308 .
Nev. Rev. Stat. § 695K.010 — NV Code / Title 57 / Chapter 695K / Section 695K.010
Purpose and policy of Legislature in enacting chapter
Status: in_force

<Section effective Jan. 1, 2026.>

It is hereby declared to be the purpose and policy of the Legislature in enacting this chapter to:

1. Leverage the combined purchasing power of the State to lower premiums and costs relating to health insurance for residents of this State;

2. Improve access to high-quality, affordable health care for residents of this State, including residents of this State who are employed by small businesses;

3. Reduce disparities in access to health care and health outcomes and increase access to health care for historically marginalized communities; and

4. Increase competition in the market for individual health insurance in this State to improve the availability of coverage for residents of rural areas of this State.
Nev. Rev. Stat. § 689C.200 — NV Code / Title 57 / Chapter 689C / Section 689C.200
Circumstances in which carrier is not required to offer coverage
Status: in_force

A carrier serving small employers is not required to accept applications from or offer coverage to:

1. A small employer if the employer is not physically located in the carrier's geographic service area; or

2. An employee if the employee does not work or reside within the carrier's geographic service area.
Nev. Rev. Stat. § 696B.250 — NV Code / Title 57 / Chapter 696B / Section 696B.250
Commencement of delinquency proceeding: Petition; order to show cause
Status: in_force

1. The Commissioner shall commence a delinquency proceeding authorized under this chapter, the Attorney General representing the Commissioner, by filing a petition in a court of proper jurisdiction praying for appointment of the Commissioner as receiver of the insurer.

2. Upon the filing of the petition the court shall issue an order directing the insurer to appear in court on the day fixed in the order and show cause why the petition should not be granted. Unless good cause is shown for a shorter period, the order shall require the insurer so to show cause not less than 15 days nor more than 30 days from the date of the order.

3. The order to show cause and service thereof on the insurer shall constitute due and legal process and shall be in lieu of any other process otherwise provided by law or court rule.
Nev. Rev. Stat. § 695G.405 — NV Code / Title 57 / Chapter 695G / Section 695G.405
Managed care organization prohibited from denying coverage solely because applicant or insured was intoxicated or under the influence of controlled substance; exceptions
Status: in_force

1. Except as otherwise provided in subsection 2, a managed care organization shall not: (a) Deny a claim under a health care plan solely because the claim involves an injury sustained by an insured as a consequence of being intoxicated or under the influence of a controlled substance. (b) Cancel participation under a health care plan solely because an insured has made a claim involving an injury sustained by the insured as a consequence of being intoxicated or under the influence of a controlled substance. (c) Refuse participation under a health care plan to an eligible applicant solely because the applicant has made a claim involving an injury sustained by the applicant as a consequence of being intoxicated or under the influence of a controlled substance.

2. The provisions of subsection 1 do not prohibit a managed care organization from enforcing a provision included in a health care plan to: (a) Deny a claim which involves an injury to which a contributing cause was the insured's commission of or attempt to commit a felony; (b) Cancel participation under a health care plan solely because of such a claim; or (c) Refuse participation under a health care plan to an eligible applicant solely because of such a claim.

3. The provisions of this section do not apply to a managed care organization under a health care plan that provides coverage for long-term care or disability income.
Nev. Rev. Stat. § 691E.120 — NV Code / Title 57 / Chapter 691E / Section 691E.120
“Sell” defined
Status: in_force

“ Sell ” has the meaning ascribed to it in NRS 683A.072 .
Nev. Rev. Stat. § 683A.351 — NV Code / Title 57 / Chapter 683A / Section 683A.351
Records of transactions: Maintenance; examination by Commissioner; destruction
Status: in_force

1. Every producer of insurance shall keep complete records of transactions under his or her license. The records must show, for each insurance policy placed or countersigned by or through the licensee, not less than the names of the insurer and insured, the number and expiration date of, and premium payable as to, the policy or contract, the names of all other persons from whom business is accepted or to whom commissions are promised or paid, all premiums collected, and such additional information as the Commissioner may reasonably require.

2. The records must be open to examination of the Commissioner at all times, and the Commissioner may at any time require the licensee to furnish to the Commissioner, in such a manner or form as the Commissioner requires, any information kept or required to be kept in those records. The records may be kept in an electronic format if, using the electronic format, the records are retained in accordance with this section.

3. Records of a particular policy or contract may be destroyed 3 years after expiration of the policy or contract.
Nev. Rev. Stat. § 695D.210 — NV Code / Title 57 / Chapter 695D / Section 695D.210
Policy covering dependent of member required to include coverage for member’s newly born and adopted children and children placed with member for adoption to same extent as other dependents
Status: in_force

1. Any policy which provides coverage for a dependent of a member must provide that benefits for children are payable for a member's newly born child, adopted child or child placed with the member for the purpose of adoption to the same extent that the coverage applies to other dependents.

2. The policy may require that to have coverage for the newly born child, adopted child or child placed for adoption continued beyond 31 days after the child's birth, adoption or placement, the member must notify the organization for dental care within 31 days after the birth, adoption or placement.

3. For covered services provided to the child, the organization for dental care shall reimburse noncontracted providers of health care to an amount equal to the average amount of payment for which the organization has agreements, contracts or arrangements for those covered services.
Nev. Rev. Stat. § 683C.040 — NV Code / Title 57 / Chapter 683C / Section 683C.040
Renewal of license; fees; expiration; reinstatement; contents of license; change of address
Status: in_force

<See notes for changes to this section effective under certain conditions.>

1. A license may be renewed for additional 3-year periods by submitting to the Commissioner an application for renewal and: (a) If the application is made: (1) On or before the renewal date of the license, all applicable renewal fees; or (2) Not more than 30 days after the renewal date of the license, all applicable renewal fees plus a penalty of 50 percent of all applicable renewal fees except for any fee required pursuant to NRS 680C.110 ; (b) If the applicant is a natural person, the statement required pursuant to NRS 683C.043 ; and (c) If the applicant is a resident, proof of the successful completion of appropriate courses of study required for renewal, as established by the Commissioner by regulation.

2. Except as otherwise provided in subsection 5, a license as an insurance consultant expires if the Commissioner does not receive from the insurance consultant an application for renewal pursuant to subsection 1 on or before the date which is 30 days after the renewal date.

3. The fees specified in this section are not refundable.

4. A natural person who allows his or her license as an insurance consultant to expire pursuant to subsection 2 may, within 12 months after the renewal date, reinstate the license without passing a written examination if the natural person: (a) Completes all applicable continuing education requirements; and (b) Pays a penalty of twice all applicable fees for renewal, except for any fee required pursuant to NRS 680C.110 .

5. An insurance consultant who is unable to renew his or her license because of military service, extended medical disability or other extenuating circumstance may request a waiver of the time limit and of any fine or sanction otherwise required or imposed because of the failure to renew.

6. A license must state the licensee's name, address, personal identification number, the date of issuance, the lines of authority and the date of expiration and must contain any other information the Commissioner considers necessary. The license must be made available for public inspection upon request.

7. A licensee shall inform the Commissioner of each change of business, residence or electronic mail address, in writing or by other means acceptable to the Commissioner, within 30 days after the change.

8. As used in this section, “ renewal date ” means: (a) For the first renewal of the license, the last day of the month which is 3 years after the month in which the Commissioner originally issued the license. (b) For each renewal after the first renewal of the license, the last day of the month which is 3 years after the month in which the license was last due to be renewed.
Nev. Rev. Stat. § 686A.130 — NV Code / Title 57 / Chapter 686A / Section 686A.130
Property, casualty, surety and title insurance: Unfair discrimination and rebates prohibited; exceptions
Status: in_force

1. Except as otherwise provided in subsection 2, no property, casualty, surety or title insurer or underwritten title company or any employee or representative thereof, and no broker, agent or solicitor may pay, allow or give, or offer to pay, allow or give, directly or indirectly, as an inducement to insurance, or after insurance has been effected, any rebate, discount, abatement, credit or reduction of the premium named in a policy of insurance, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement whatever, not specified or provided for in the policy, except to the extent provided for in an applicable filing with the Commissioner.

2. The provisions of subsections 1 and 4 do not prohibit any property, casualty or surety insurer or any employee or representative thereof, or any broker, agent or solicitor from providing to an insured or prospective insured prizes and gifts, goods, wares, merchandise, gift certificates, donations made to charitable organizations, raffle entries, meals, event tickets and other items not to exceed $100 in aggregate value per insured or prospective insured in any 1 calendar year.

3. No title insurer or underwritten title company may: (a) Pay, directly or indirectly, to the insured or any person acting as agent, representative, attorney or employee of the owner, lessee, mortgagee, existing or prospective, of the real property or interest therein which is the subject matter of title insurance or as to which a service is to be performed, any commission, rebate or part of its fee or charges or other consideration as inducement or compensation for the placing of any order for a title insurance policy or for performance of any escrow or other service by the insurer or underwritten title company with respect thereto; or (b) Issue any policy or perform any service in connection with which it or any agent or other person has paid or contemplates paying any commission, rebate or inducement in violation of this section.

4. Except as otherwise provided in subsection 2, no insured named in a policy or any employee of that insured may knowingly receive or accept, directly or indirectly, any such rebate, discount, abatement, credit or reduction of premium, or any such special favor or advantage or valuable consideration or inducement.

5. No such insurer may make or permit any unfair discrimination between insured or property having like insuring or risk characteristics, in the premium or rates charged for insurance, or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of insurance.

6. No casualty insurer may make or permit any unfair discrimination between persons legally qualified to provide a particular service, in the amount of the fee or charge for that service payable as a benefit under any policy or contract of casualty insurance.

7. The provisions of this section do not prohibit: (a) The payment of commissions or other compensation to licensed agents, brokers or solicitors. (b) The extension of credit to an insured for the payment of any premium and for which credit a reasonable rate of interest is charged and collected. (c) Any insurer from allowing or returning to its participating policyholders, members or subscribers, dividends, savings or unabsorbed premium deposits. (d) With respect to title insurance, bulk rates or special rates for customers of prescribed classes if the bulk or special rates are provided for in the effective schedule of fees and charges of the title insurer or underwritten title company.

8. The provisions of this section do not apply to wet marine and transportation insurance.
Nev. Rev. Stat. § 695C.1727 — NV Code / Title 57 / Chapter 695C / Section 695C.1727
Required provision in evidence of coverage covering hospital, medical or surgical expenses concerning coverage for management and treatment of diabetes
Status: in_force

1. No evidence of coverage that provides coverage for hospital, medical or surgical expenses may be delivered or issued for delivery in this state unless the evidence of coverage includes coverage for the management and treatment of diabetes, including, without limitation, coverage for the self-management of diabetes.

2. An insurer who delivers or issues for delivery an evidence of coverage specified in subsection 1 shall provide the coverage required by this section subject to the same deductible, copayment, coinsurance and other such conditions for the evidence of coverage that are required under the evidence of coverage.

3. Evidence of coverage subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after January 1, 1998, has the legal effect of including the coverage required by this section, and any provision of the evidence of coverage that conflicts with this section is void.

4. As used in this section: (a) “ Coverage for the management and treatment of diabetes ” includes coverage for medication, equipment, supplies and appliances that are medically necessary for the treatment of diabetes. (b) “ Coverage for the self-management of diabetes ” includes: (1) The training and education provided to the enrollee after the enrollee is initially diagnosed with diabetes which is medically necessary for the care and management of diabetes, including, without limitation, counseling in nutrition and the proper use of equipment and supplies for the treatment of diabetes; (2) Training and education which is medically necessary as a result of a subsequent diagnosis that indicates a significant change in the symptoms or condition of the enrollee and which requires modification of the enrollee's program of self-management of diabetes; and (3) Training and education which is medically necessary because of the development of new techniques and treatment for diabetes. (c) “ Diabetes ” includes type I, type II and gestational diabetes.
Nev. Rev. Stat. § 691C.350 — NV Code / Title 57 / Chapter 691C / Section 691C.350
Approved rates: Period of effectiveness; timing of filing; filing of revised schedule of premium rates
Status: in_force

Except as otherwise provided in NRS 691C.340 :

1. A rate that has been filed and approved pursuant to NRS 691C.320 is effective for a period not to exceed 3 years after the date of approval. The insurer shall file a rate for approval before the expiration of the 3-year period. The insurer may file a rate for approval at any time before the expiration of the 3-year period.

2. If an insurer revises its schedule of premium rates, the insurer shall file the revised schedule with the Commissioner pursuant to NRS 691C.320 . An insurer shall not issue credit personal property insurance for which the premium rates exceed the rates determined by the schedule approved by the Commissioner.
Nev. Rev. Stat. § 686A.430 — NV Code / Title 57 / Chapter 686A / Section 686A.430
Furnishing of completed copy of agreement to insured
Status: in_force

The agent, broker or other person preparing an agreement shall furnish a completed copy of the agreement to the insured immediately after the insured signs the agreement.
Nev. Rev. Stat. § 689B.0365 — NV Code / Title 57 / Chapter 689B / Section 689B.0365
Required provision in certain policies concerning coverage for use of certain drugs and related services for treatment of cancer
Status: in_force

Except as otherwise provided in NRS 689B.0306 :

1. No group policy of health insurance that provides coverage for a drug approved by the Food and Drug Administration for use in the treatment of an illness, disease or other medical condition may be delivered or issued for delivery in this state unless the policy includes coverage for any other use of the drug for the treatment of cancer, if that use is: (a) Specified in the most recent edition of or supplement to: (1) The United States Pharmacopoeia Drug Information; or (2) The American Hospital Formulary Service Drug Information; or (b) Supported by at least two articles reporting the results of scientific studies that are published in scientific or medical journals, as defined in 21 C.F.R. § 99.3 .

2. The coverage required pursuant to this section: (a) Includes coverage for any medical services necessary to administer the drug to the employee or member of the insured group. (b) Does not include coverage for any: (1) Experimental drug used for the treatment of cancer if that drug has not been approved by the Food and Drug Administration; or (2) Use of a drug that is contraindicated by the Food and Drug Administration.

3. A policy subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after October 1, 1999, has the legal effect of including the coverage required by this section, and any provision of the policy that conflicts with the provisions of this section is void.
Nev. Rev. Stat. § 695A.004 — NV Code / Title 57 / Chapter 695A / Section 695A.004
“Benefit member” defined
Status: in_force

“Benefit member” means a member of a society who is an adult and who is designated by the laws or rules of the society to be a benefit member under a benefit contract.
Nev. Rev. Stat. § 689B.034 — NV Code / Title 57 / Chapter 689B / Section 689B.034
Required provision concerning effect of benefits under other valid group coverage; subrogation; prohibited act
Status: in_force

1. Every policy of group health insurance must contain a provision which reduces the insurer's liability because of benefits under other valid group coverage. To the extent authorized by the Commissioner, such a provision may include subrogation.

2. A provision for subrogation may include a lien upon any recovery by an insured from a third person for the cost of medical benefits paid by the insurer for injuries incurred as a result of the actions of the third person. The lien may not exceed the amount paid by the insurer.

3. An insurer may not deny payment for services because of the inclusion of a provision required by this section.
Nev. Rev. Stat. § 694C.382 — NV Code / Title 57 / Chapter 694C / Section 694C.382
Combining assets for investment
Status: in_force

Notwithstanding the provisions of this chapter, the assets of two or more protected cells may be combined for the purpose of investment, and such combination must not be construed as defeating the separation of the assets for accounting or other purposes. Sponsored captive insurers shall comply with the investment requirements set forth in NRS 694C.340 , if applicable, except to the extent that credit for reinsurance ceded to reinsurers is allowed pursuant to NRS 694C.350 or to the extent otherwise deemed reasonable and appropriate by the Commissioner. Notwithstanding the provisions of this chapter, the Commissioner may approve the use of alternative reliable methods of valuation and rating.
Nev. Rev. Stat. § 692A.130 — NV Code / Title 57 / Chapter 692A / Section 692A.130
Publication, contents and filing of schedule of fees and charges; using services of rating organizations; engaging in joint underwriting and reinsurance
Status: in_force

1. Every title insurer and every title agent shall print and make available to the public the schedule of fees and charges filed with the Commissioner.

2. The schedule: (a) Shall show to the public the total premium, for each type of policy regularly issued by the insurer, either by a statement of the particular charge for each type of policy in given amounts of coverage or by a statement of the charge per unit of the amount of coverage, or a combination of the two. (b) May include a statement that additional charges are made when unusual conditions of title are encountered or when special or unusual risks are insured against and that additional charges are made for special services rendered in connection with the issuance of a policy, the handling of an escrow or the performance of other service. (c) May provide different fees or changes for policies covering property in different counties, and for other services rendered in different counties, or separate schedules may be adopted for policies covering property in different counties, and for other services rendered in different counties.

3. Every title insurer and title agent shall file with the Commissioner the schedule of fees and charges and every modification thereof which it proposes to use. The filing shall state the effective date thereof which shall be not less than 30 days after the date of the filing. The Commissioner may by order suspend or modify the requirement of filing as to a specific service, the charges for which cannot practically be determined before the service is performed.

4. A title insurer may be a member or subscriber and use the services of a title insurance rating organization, and engage in joint underwriting and joint reinsurance of title insurance risks, in the same manner, with the same effect, and subject to the same applicable terms and conditions as provided with respect to property and casualty insurance under chapter 686B of NRS (rates and rating organizations).
Nev. Rev. Stat. § 682A.045 — NV Code / Title 57 / Chapter 682A / Section 682A.045
“Construction loan” defined
Status: in_force

“ Construction loan ” means a loan of less than 3 years in term, made for financing the costs of construction of a building or other improvement to real estate and that is secured by the real estate.
Nev. Rev. Stat. § 695F.200 — NV Code / Title 57 / Chapter 695F / Section 695F.200
Maintenance of capital account, surety bond or deposit and risk-based capital; determination of amount of increase by Commissioner
Status: in_force

1. Except as otherwise provided in this section, each prepaid limited health service organization which receives a certificate of authority shall maintain all of the following: (a) A capital account with a net worth of not less than $500,000 unless a lesser amount is permitted in writing by the Commissioner. The account must not be obligated for any accrued liabilities and must consist of cash, securities or a combination thereof which is acceptable to the Commissioner. (b) A surety bond or deposit of cash or securities for the protection of enrollees of not less than $500,000. (c) The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550 .

2. The Commissioner may increase the required amount of the organization's capital account, surety bond or deposit and capital maintained pursuant to paragraph (c) of subsection 1 to any amount the Commissioner determines to be appropriate pursuant to subsection 3 if the Commissioner determines that such an increase is necessary to: (a) Assist the Commissioner in the performance of his or her regulatory duties; (b) Ensure that the organization complies with the requirements of this Code; or (c) Ensure the solvency of the organization.

3. When determining the appropriate amount of an increase pursuant to subsection 2, the Commissioner must base his or her determination on the type, volume and nature of premiums written and premiums assumed by the organization.

4. The amount of the organization's capital account, surety bond or deposit and capital maintained pursuant to paragraph (c) of subsection 1, as required pursuant to subsections 1 and 2: (a) Is in addition to any reserve required by this chapter and any reserve established by the organization according to good business and accounting practices for incurred but unreported claims and other similar claims; and (b) May increase the amount of risk-based capital required pursuant to NRS 681B.550 .

5. The amount of the organization's surety bond or deposit and capital maintained pursuant to paragraph (c) of subsection 1, as required pursuant to subsections 1 and 2 may increase the amount of net worth required pursuant to subsections 1 and 2.
Nev. Rev. Stat. § 684A.190 — NV Code / Title 57 / Chapter 684A / Section 684A.190
Responsibility for employees
Status: in_force

All business transacted by an adjuster under the adjuster’s license shall be in his or her name, and the adjuster shall be responsible for the acts or omissions of his or her employees within the scope of their employment.
Nev. Rev. Stat. § 692C.3516 — NV Code / Title 57 / Chapter 692C / Section 692C.3516
Required attestation of ORSA Summary Report
Status: in_force

The report required by NRS 692C.3514 must include a signature of the insurer or insurance group's chief risk officer, or other executive having responsibility for the oversight of the insurer's enterprise risk management process, attesting to the best of his or her belief and knowledge that the insurer applies the enterprise risk management processes described in the ORSA Summary Report and that a copy of the Report has been provided to the insurer's board of directors or the appropriate committee thereof.
Nev. Rev. Stat. § 696B.270 — NV Code / Title 57 / Chapter 696B / Section 696B.270
Injunctions
Status: in_force

1. Upon application by the Commissioner for such an order to show cause, or at any time thereafter, the court may without notice issue an injunction restraining the insurer, its officers, directors, stockholders, members, subscribers, agents and all other persons from the transaction of its business or the waste or disposition of its property until the further order of the court, but the court shall so frame its injunction as not to prevent the Nevada Life and Health Insurance Guaranty Association and the Nevada Insurance Guaranty Association from exercising their respective powers under this title.

2. The court may at any time during a proceeding under NRS 696B.010 to 696B.565 , inclusive, issue such other injunctions or orders as may be deemed necessary to prevent interference with the Commissioner or the proceeding, or waste of the assets of the insurer, or the commencement or prosecution of any actions, or the obtaining of preferences, judgments, attachments or other liens, or the making of any levy against the insurer or against its assets or any part thereof.

3. No bond may be required of the Commissioner as a prerequisite for the issuance of any injunction or restraining order pursuant to this section.
Nev. Rev. Stat. § 694C.190 — NV Code / Title 57 / Chapter 694C / Section 694C.190
Name
Status: in_force

A captive insurer shall not use or adopt a name that is the same, deceptively similar or likely to be confused with or mistaken for any other existing business name registered in this state.
Nev. Rev. Stat. § 695J.100 — NV Code / Title 57 / Chapter 695J / Section 695J.100
Applicability
Status: in_force

1. The provisions of NRS 683A.341 and 683A.351 apply to exchange enrollment facilitators.

2. For the purposes of subsection 1, unless the context requires that NRS 683A.341 or 683A.351 apply only to producers of insurance or insurers, any reference in those sections to “producer of insurance” or “insurer” must be replaced by a reference to “exchange enrollment facilitator.”
Nev. Rev. Stat. § 695F.350 — NV Code / Title 57 / Chapter 695F / Section 695F.350
Suspension or revocation of certificate of authority: Grounds; notice; hearing; effect
Status: in_force

1. The Commissioner may suspend or revoke the certificate of authority of a prepaid limited health service organization issued pursuant to this chapter if the Commissioner determines that: (a) The prepaid limited health service organization is operating substantially in violation of its basic organizational document or in a manner contrary to the manner described in and reasonably inferred from any other information submitted pursuant to NRS 695F.110 unless any amendment to its basic organization document or other information has been filed with and approved by the Commissioner; (b) The prepaid limited health service organization issued an evidence of coverage or used rates or charges which do not comply with the requirements of NRS 695F.150 and 695F.160 ; (c) The prepaid limited health service organization is not able to carry out its obligations to provide its limited health service; (d) The prepaid limited health service organization is not financially responsible and may reasonably be expected to be unable to carry out its obligations to enrollees or prospective enrollees; (e) The capital of the prepaid limited health service organization is less than the amount required by NRS 695F.200 or the organization has failed to correct any deficiency concerning its capital as required by the Commissioner; (f) The prepaid limited health service organization has failed to establish and maintain in a reasonable manner the complaint system required by NRS 695F.230 ; (g) The continued operation of the prepaid limited health service organization would be hazardous to its enrollees; or (h) The prepaid limited health service organization has failed to comply with any other provision of this chapter.

2. If the Commissioner has cause to believe that grounds for the suspension or revocation of a certificate of authority of a prepaid limited health service organization exist, the Commissioner shall send written notice to the organization. The notice must include the reason for the suspension or revocation and a time not more than 30 days thereafter for a hearing on the matter. The hearing must be held in the manner set forth in NRS 695F.140 .

3. If the certificate of authority of a prepaid limited health service organization is revoked, the organization shall proceed, immediately following the effective date of the order of revocation, to wind up its affairs. The organization shall not: (a) Conduct any further business unless it is essential for the orderly conclusion of its affairs; and (b) Engage in any further advertising or solicitation.

4. The Commissioner may, by written order, permit such further operation of the organization as the Commissioner considers necessary to enable the enrollees to obtain limited health services from another organization or provider.
Nev. Rev. Stat. § 682A.175 — NV Code / Title 57 / Chapter 682A / Section 682A.175
“Qualified foreign exchange” defined
Status: in_force

“ Qualified foreign exchange ” means a foreign exchange, board of trade or contract market located outside the United States, its territories or possessions:

1. That has received regulatory comparability relief in accordance with Commodity Futures Trading Commission Rule 30.10, as set forth in 17 C.F.R. Part 30, Appendix C , as amended;

2. That is, or its members are, subject to the jurisdiction of a foreign futures authority that has received regulatory comparability relief in accordance with Commodity Futures Trading Commission Rule 30.10, as set forth in 17 C.F.R. Part 30, Appendix C , as amended, as to futures transactions in the jurisdiction where the exchange, board of trade or contract market is located; or

3. Upon which foreign stock index futures contracts are listed that are the subject of no-action relief issued by the Commodity Futures Trading Commission's Office of General Counsel, provided that an exchange, board of trade or contract market that qualifies as a qualified foreign exchange only in accordance with this section is a qualified foreign exchange as to foreign stock index futures contracts that are the subject of no-action relief.
Nev. Rev. Stat. § 696A.010 — NV Code / Title 57 / Chapter 696A / Section 696A.010
Short title
Status: in_force

This chapter constitutes and may be cited as the Motor Club Law.
Nev. Rev. Stat. § 693A.415 — NV Code / Title 57 / Chapter 693A / Section 693A.415
“Converting mutual” defined
Status: in_force

“ Converting mutual ” means a domestic mutual insurance company or a mutual insurance holding company that has adopted a plan of conversion to a domestic stock insurance company pursuant to NRS 693A.400 to 693A.540 , inclusive.
Nev. Rev. Stat. § 696B.120 — NV Code / Title 57 / Chapter 696B / Section 696B.120
“Insurer” defined
Status: in_force

“ Insurer ,” in addition to persons so defined under NRS 679A.100 , includes also persons purporting to be insurers, or organizing or holding themselves out as organizing in this state for the purpose of becoming insurers.
Nev. Rev. Stat. § 689.185 — NV Code / Title 57 / Chapter 689 / Section 689.185
Certificate of authority: Surety bond or deposit required; replacement bond; release of deposit; waiver
Status: in_force

1. Except as otherwise provided in subsection 2: (a) Before the issuance of a certificate of authority, the seller shall post with the Commissioner and thereafter maintain in force a bond which complies with NRS 679B.175 and is in an amount determined by the Commissioner, which must be not less than $50,000, or a deposit of cash or negotiable securities or a combination of cash and negotiable securities. If a deposit is made in lieu of a bond, the deposit must at all times have a market value of not less than the amount of the bond required by the Commissioner. (b) The bond or deposit must be held for the benefit of buyers of prepaid contracts, and other persons as their interests may appear, who may be damaged by misuse or diversion of money by the seller or the agents of the seller, or to satisfy any judgments against the seller for failure to perform a prepaid contract. The aggregate liability of the surety for all breaches of the conditions of the bond must not exceed the sum of the bond. (c) A replacement bond must meet all requirements of this subsection for the initial bond. (d) The Commissioner shall release the deposit after the seller has ceased doing business as such and the Commissioner is satisfied of the nonexistence of any obligation or liability of the seller for which the deposit was held.

2. The Commissioner may waive the requirements of subsection 1 if the seller agrees: (a) To offer for sale only prepaid contracts that are payable solely from the proceeds of a policy of life insurance; and (b) Not to collect any money from the purchaser of a prepaid contract.
Nev. Rev. Stat. § 695C.128 — NV Code / Title 57 / Chapter 695C / Section 695C.128
Contracts to provide services pursuant to certain state programs: Payment of interest on claims
Status: in_force

Any contract or other agreement entered into or renewed by a health maintenance organization on or after October 1, 2001:

1. To provide health care services through managed care to recipients of Medicaid under the state plan for Medicaid; or

2. With the Division of Health Care Financing and Policy of the Department of Health and Human Services to provide insurance pursuant to the Children's Health Insurance Program,

must require the health maintenance organization to pay interest to a provider of health care services on a claim that is not paid within the time provided in the contract or agreement at a rate of interest equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date on which the payment was due, plus 6 percent. The interest must be calculated from 30 days after the date on which the claim is approved until the date on which the claim is paid.
Nev. Rev. Stat. § 683C.030 — NV Code / Title 57 / Chapter 683C / Section 683C.030
Application for license; requirements; duration of license
Status: in_force

<See notes for changes to this section effective under certain conditions. >

1. An application for a license to act as an insurance consultant must be submitted to the Commissioner on forms prescribed by the Commissioner and must be accompanied by the applicable license fee set forth in NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 . The license fee set forth in NRS 680B.010 is not refundable. If the applicant is a natural person, the application must include the social security number of the applicant.

2. An applicant for an insurance consultant's license must successfully complete an examination which the Commissioner shall establish by regulation.

3. Each license issued pursuant to this chapter is valid for 3 years from the date of issuance or until it is suspended, revoked or otherwise terminated, and each insurance consultant must pay, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 .
Nev. Rev. Stat. § 682B.190 — NV Code / Title 57 / Chapter 682B / Section 682B.190
Assets kept separate
Status: in_force

The trustee shall keep the trusteed assets separate from other assets and shall maintain a record thereof sufficient to identify trusteed assets at all times.
Nev. Rev. Stat. § 686C.153 — NV Code / Title 57 / Chapter 686C / Section 686C.153
Provision of substitute benefits and coverage with respect to covered policies or contracts
Status: in_force

1. When proceeding pursuant to paragraph (b) of subsection 2 of NRS 686C.152 , the Association shall: (a) With respect to covered policies or contracts, ensure payment of benefits that would have been payable under the policies or contracts of the insolvent insurer, for claims incurred with respect to: (1) A group policy or contract, not later than the earlier of the next renewal date under the policy or contract or 45 days, but in no event less than 30 days, after the date when the Association becomes obligated with respect to that policy or contract. (2) A nongroup policy, contract or annuity, not later than the earlier of the next renewal date, if any, under the policy, contract or annuity or 1 year, but in no event less than 30 days, after the date when the Association becomes obligated with respect to that policy, contract or annuity. (b) Make diligent efforts to provide all known insureds, policy or contract owners or enrollees with respect to group policies or contracts, or annuitants with respect to annuities, 30 days' notice of termination of the benefits provided pursuant to paragraph (a). (c) With respect to nongroup life insurance, health insurance or annuity policies or contracts, make available substitute coverage on an individual basis, in accordance with the provisions of subsection 2, to each known insured or annuitant, or owner if other than the insured, enrollee or annuitant, and to each natural person formerly insured, formerly an enrollee or formerly an annuitant, under a group policy or contract who is not eligible for replacement group coverage, if the insured, enrollee or annuitant had a right under law or the terminated policy, contract or annuity to convert coverage to individual coverage or to continue an individual policy, contract or annuity in force until a specified age or for a specified period, during which the member insurer had no right unilaterally to make changes in any provision of the policy, contract or annuity or had a right only to make changes in premium by class.

2. In providing the substitute coverage required under paragraph (c) of subsection 1, the Association may offer to reissue the terminated coverage or to issue an alternative policy or contract at actuarially justified rates without requiring evidence of insurability or a waiting period or exclusion that would not have applied under the terminated policy or contract and may reinsure any alternative or reinsured policy or contract.
Nev. Rev. Stat. § 690D.075 — NV Code / Title 57 / Chapter 690D / Section 690D.075
“Vehicle” defined
Status: in_force

“ Vehicle ” has the meaning ascribed to it in NRS 482.135 , and includes, without limitation, any boat, recreational vehicle, all-terrain vehicle, trailer, personal watercraft or snowmobile.
Nev. Rev. Stat. § 689B.020 — NV Code / Title 57 / Chapter 689B / Section 689B.020
“Group health insurance” defined; authority to provide in certain policies for continuation of certain benefit provisions after death of person in insured group; authority of Commissioner to require filing of form of certificate proposed for delivery in this state of policy made under laws of another state
Status: in_force

1. “ Group health insurance ” is hereby declared to be that form of health insurance covering groups of two or more persons, formed for a purpose other than obtaining insurance.

2. Any group health policy which contains provisions for the payment by the insurer of benefits for expenses incurred on account of hospital, nursing, medical, dental or surgical services, home health care or health supportive services for members of the family or dependents of a person in the insured group may provide for the continuation of such benefit provisions, or any part or parts thereof, after the death of the person in the insured group.

3. The Commissioner may, in the discretion of the Commissioner, require the form of each certificate proposed to be delivered in this state under a group health policy not made under the laws of this state to be filed with the Commissioner by the insurer for informational purposes only.
Nev. Rev. Stat. § 689A.495 — NV Code / Title 57 / Chapter 689A / Section 689A.495
“Control” defined
Status: in_force

“Control” has the meaning ascribed to it in NRS 692C.050 .
Nev. Rev. Stat. § 682B.100 — NV Code / Title 57 / Chapter 682B / Section 682B.100
Levy upon deposit
Status: in_force

No judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities held in this state as a deposit for the protection of the insurer's policyholders or policyholders and creditors. Levy upon deposits made pursuant to NRS 680A.330 (retaliatory provision) shall be permitted if so provided in the Commissioner's order under which the deposit is required.
Nev. Rev. Stat. § 695B.285 — NV Code / Title 57 / Chapter 695B / Section 695B.285
Use of Uniform Billing and Claims Forms authorized
Status: in_force

Every nonprofit hospital or medical or dental service corporation may utilize the Uniform Billing and Claims Forms established by the American Hospital Association.
Nev. Rev. Stat. § 689A.04046 — NV Code / Title 57 / Chapter 689A / Section 689A.04046
Coverage for prescription drugs irregularly dispensed for purpose of synchronization of chronic medications required in policy covering prescription drugs; prohibited acts; exception
Status: in_force

1. An insurer who offers or issues a policy of health insurance which provides coverage for prescription drugs: (a) Must authorize coverage for and may apply a copayment and deductible to a prescription that is dispensed by a pharmacy for less than a 30-day supply if, for the purpose of synchronizing the insured's chronic medications: (1) The prescriber or pharmacist determines that filling or refilling the prescription in that manner is in the best interest of the insured; and (2) The insured requests less than a 30-day supply. (b) May not deny coverage for a prescription described in paragraph (a) which is otherwise approved for coverage by the insurer. (c) Unless otherwise provided by a contract or other agreement, may not prorate any pharmacy dispensing fees for a prescription described in paragraph (a).

2. A policy subject to the provisions of this chapter which provides coverage for prescription drugs and that is delivered, issued for delivery or renewed on or after January 1, 2017, has the legal effect of providing that coverage subject to the requirements of this section, and any provision of the policy or renewal which is in conflict with this section is void.

3. The provisions of this section do not apply to unit-of-use packaging for which synchronization is not practicable or to a controlled substance.

4. As used in this section: (a) “ Chronic medication ” means any drug that is prescribed to treat any disease or other condition which is determined to be permanent, persistent or lasting indefinitely. (b) “ Synchronization ” means the alignment of the dispensing of multiple medications by a single contracted pharmacy for the purpose of improving a patient's adherence to a prescribed course of medication. (c) “ Unit-of-use packaging ” means medication that is prepackaged by the manufacturer in blister packs, compliance packs, course-of-therapy packs or any other packaging which is designed and intended to be dispensed directly to the patient without modification by the dispensing pharmacy, except for the addition of a prescription label.
Nev. Rev. Stat. § 682A.017 — NV Code / Title 57 / Chapter 682A / Section 682A.017
“Admitted asset” defined
Status: in_force

“ Admitted asset ” means an asset permitted to be reported as an admitted asset on the statutory financial statement of the insurer most recently required to be filed with the Commissioner. The term does not include assets of separate accounts, the investments of which are not subject to the provisions of this chapter.
Nev. Rev. Stat. § 696B.410 — NV Code / Title 57 / Chapter 696B / Section 696B.410
Prohibited and voidable transfers and liens
Status: in_force

1. No insurer shall make any transfer of or create any lien upon any of its property with the intent of giving to or enabling any creditor or policyholder to obtain a greater percentage of his or her debt than any other creditor or policyholder of the same class.

2. Any transfer of, or lien upon, any property of any insurer made or created within 4 months prior to the filing of a petition for an order to show cause under this chapter, which gives to any creditor or policyholder or enables the creditor or policyholder to obtain a greater percentage of his or her debt than any other creditor or policyholder in the same class, and which is accepted by a creditor or policyholder having reasonable cause to believe that such a preference will occur, is voidable. Where the preference consists of a transfer, such period of 4 months shall not expire until 4 months after the date of the recording or registering of the transfer if by law such recording or registering is required.

3. Every director, officer, employee, stockholder, member or any other person acting on behalf of such insurer, who, within 2 years prior to the filing of a petition for an order to show cause against such insurer under this chapter, knowingly participates in the making of any transfer or the creation of any lien prohibited by subsection 1, and every person receiving any property of, or cash surrender from, such insurer or the benefit thereof as a result of a transaction voidable under subsection 2, shall be jointly and severally liable therefor and shall be bound to account to the Commissioner as receiver, rehabilitator, liquidator or conservator, as the case may be.

4. The Commissioner as receiver, rehabilitator, liquidator or conservator may avoid any transfer of or lien upon the property of an insurer which any creditor, stockholder or member of such insurer might have avoided and may recover the property so transferred or its value from the person to whom it was transferred unless the person was a bona fide holder for value prior to the date of the entry of an order to show cause under this chapter. Such property may be recovered or its value collected from whoever may have received it except a bona fide holder for value.
Nev. Rev. Stat. § 695G.022 — NV Code / Title 57 / Chapter 695G / Section 695G.022
“Health care services” defined
Status: in_force

“ Health care services ” means services for the diagnosis, prevention, treatment, care or relief of a health condition, illness, injury or disease.
Nev. Rev. Stat. § 679B.370 — NV Code / Title 57 / Chapter 679B / Section 679B.370
Appeal from Commissioner
Status: in_force

1. Except as to matters arising under chapter 686B of NRS other than those grievances of employers that must be appealed to the appeals panel for industrial insurance, an appeal from the Commissioner must be taken only from an order on hearing, or as to a matter on which the Commissioner has refused or failed to hold a hearing after application therefor under NRS 679B.310 , or as to a matter concerning which the Commissioner has refused or failed to make an order on hearing as required by NRS 679B.360 .

2. Any person who was a party to a hearing or whose pecuniary interests are directly and immediately affected by any such refusal or failure, and who is aggrieved by the order, refusal or failure, may petition for judicial review in the manner provided by chapter 233B of NRS .
Nev. Rev. Stat. § 694C.195 — NV Code / Title 57 / Chapter 694C / Section 694C.195
Sponsored captive insurer: Formation; conditions for formation and licensure; requirements for sponsor and participants
Status: in_force

1. One or more sponsors may form a sponsored captive insurer pursuant to this chapter.

2. A sponsored captive insurer formed or licensed pursuant to this chapter may establish and maintain one or more protected cells to insure the risks of one or more participants, subject to the following conditions: (a) The shareholders of a sponsored captive insurer must be limited to its participants and sponsors, provided that the sponsored captive insurer may issue nonvoting securities to other persons on terms approved by the Commissioner; (b) Each protected cell must be accounted for separately on the books and records of the sponsored captive insurer to reflect the financial condition and results of operations of that protected cell, including, but not limited to, the net income or loss, dividends, or other distributions to participants, and such other factors as may be set forth in the participant contract or required by the Commissioner; (c) The assets of a protected cell must not be chargeable with liabilities arising out of any other insurance business which the sponsored captive insurer may conduct; (d) A sponsored captive insurer shall not make a sale, exchange, transfer of assets, dividend or distribution between or among any of its protected cells without the consent of any participant for which the protected cells are maintained; (e) A sponsored captive insurer shall not make a sale, exchange, transfer of assets, dividend or distribution from a protected cell to a sponsor or participant without the prior written approval of the Commissioner, and the Commissioner shall not give written approval if the sale, exchange, transfer, dividend or distribution would result in the insolvency or impairment of the protected cell; (f) On or before June 30 of each year, a sponsored captive insurer must file with the Commissioner a report of its financial condition, including, but not limited to, accounting statements detailing the financial experience of each protected cell and any other information required by the Commissioner; (g) A sponsored captive insurer must notify the Commissioner not more than 10 business days after a protected cell becomes insolvent or otherwise unable to meet its claims or expense obligations; (h) A participant contract must not become effective without the prior written approval of the Commissioner; (i) The addition of each new protected cell, the withdrawal of any participant of a protected cell or the termination of any existing protected cell constitutes a change in the business plan and requires the prior written approval of the Commissioner; and (j) The business written by a sponsored captive insurer with respect to each protected cell must be: (1) Fronted by an insurer licensed pursuant to the laws of any state; (2) Reinsured by a reinsurer authorized or approved by the Commissioner; or (3) Secured by a trust fund in the United States for the benefit of policyholders and claimants or funded by an irrevocable letter of credit or other arrangement that is acceptable to the Commissioner. The amount of security provided must not be less than the reserves associated with those liabilities, which are not fronted or reinsured pursuant to subparagraph (1) or (2), including reserves for losses, allocated loss adjustment expenses, incurred but not reported losses and unearned premiums for business written through the protected cell maintained for the participant. The Commissioner may require the sponsored captive insurer to increase the funding of any security arrangement established under this subsection. If the form of security is a letter of credit, the letter of credit must be established, issued or confirmed by a bank chartered in this State, a member of the Federal Reserve System or a bank chartered in another state if the bank is deemed acceptable by the Commissioner. A trust maintained pursuant to this subparagraph must be established in a form and under such terms that are approved by the Commissioner.

3. A sponsor of a sponsored captive insurer must: (a) Be an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, a captive insurer formed or licensed pursuant to this chapter or a person approved as a sponsor by the Commissioner; and (b) Not be a risk retention group.

4. A participant in a sponsored captive insurer need not be a shareholder of the sponsored captive insurer or an affiliate of the sponsored captive insurer and: (a) May be an association, corporation, limited-liability company, partnership, trust or other form of business organization; (b) May be a sponsor of the sponsored captive insurer; and (c) Must not be a risk retention group.

5. A participant in a sponsored captive insurer shall insure only its own risks through a sponsored captive insurer.
Nev. Rev. Stat. § 682A.285 — NV Code / Title 57 / Chapter 682A / Section 682A.285
Exception for foreign investments
Status: in_force

1. An investment shall not be deemed a foreign investment if the issuing person, qualified primary credit source or qualified guarantor is a domestic jurisdiction or a person domiciled in a domestic jurisdiction unless: (a) The issuing person is a shell business entity; and (b) The investment is not assumed, accepted, guaranteed or insured or otherwise backed by a domestic jurisdiction or a person, that is not a shell business entity, domiciled in a domestic jurisdiction.

2. For the purposes of this section: (a) “ Qualified guarantor ” means a guarantor against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction. (b) “ Qualified primary credit source ” means the credit source to which an insurer looks for payment as to an investment and against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction. (c) “ Shell business entity ” means a business entity having no economic substance, except as a vehicle for owning interests in assets issued, owned or previously owned by a person domiciled in a foreign jurisdiction.
Nev. Rev. Stat. § 689B.270 — NV Code / Title 57 / Chapter 689B / Section 689B.270
Required procedure for arbitration of disputes concerning independent medical, dental or chiropractic evaluations
Status: in_force

1. Each policy of group or blanket health insurance must include a procedure for binding arbitration to resolve disputes concerning independent medical evaluations pursuant to the rules of the American Arbitration Association.

2. If an insurer, for any final determination of benefits or care, requires an independent evaluation of the medical, dental or chiropractic care of any person for whom such care is covered under the terms of a policy of group or blanket health insurance, only a physician, dentist or chiropractic physician who is certified to practice in the same field of practice as the primary treating physician, dentist or chiropractic physician or who is formally educated in that field may conduct the independent evaluation.

3. The independent evaluation must include a physical examination of the patient, unless the patient is deceased, and a personal review of all X-rays and reports prepared by the primary treating physician, dentist or chiropractic physician. A certified copy of all reports of findings must be sent to the primary treating physician, dentist or chiropractic physician and the insured person within 10 working days after the evaluation. If the insured person disagrees with the finding of the evaluation, the insured person must submit an appeal to the insurer pursuant to the procedure for binding arbitration set forth in the policy of insurance within 30 days after receiving the finding of the evaluation. Upon its receipt of an appeal, the insurer shall so notify in writing the primary treating physician, dentist or chiropractic physician.

4. The insurer shall not limit or deny coverage for care related to a disputed claim while the dispute is in arbitration, except that, if the insurer prevails in the arbitration, the primary treating physician, dentist or chiropractic physician may not recover any payment from either the insurer, insured person or the patient for services that the primary treating physician, dentist or chiropractic physician provided to the patient after receiving written notice from the insurer pursuant to subsection 3 concerning the appeal of the insured person.
Nev. Rev. Stat. § 679B.380 — NV Code / Title 57 / Chapter 679B / Section 679B.380
Financing of administration and enforcement; claims
Status: in_force

1. Except as otherwise expressly provided in this Code, funds with which to carry out the administration and enforcement by the Commissioner of this Code shall be provided by the Fund for Insurance Administration and Enforcement created by NRS 680C.100 and shall be paid out on claims as other claims against the State are paid.

2. No such claim shall be paid unless approved by the Commissioner.
Nev. Rev. Stat. § 689C.1652 — NV Code / Title 57 / Chapter 689C / Section 689C.1652
Coverage for medically necessary treatment of conditions relating to gender dysphoria and gender incongruence required; restriction on refusal to cover certain treatments; authority of carrier to prescribe requirements for covering surgical treatments for minors; determination of medical necessity
Status: in_force

1. Except as otherwise provided in this section, a carrier that issues a health benefit plan shall include in the health benefit plan coverage for the medically necessary treatment of conditions relating to gender dysphoria and gender incongruence. Such coverage must include coverage of medically necessary psychosocial and surgical intervention and any other medically necessary treatment for such disorders provided by: (a) Endocrinologists; (b) Pediatric endocrinologists; (c) Social workers; (d) Psychiatrists; (e) Psychologists; (f) Gynecologists; (g) Speech-language pathologists; (h) Primary care physicians; (i) Advanced practice registered nurses; (j) Physician assistants; and (k) Any other providers of medically necessary services for the treatment of gender dysphoria or gender incongruence.

2. This section does not require a health benefit plan to include coverage for cosmetic surgery performed by a plastic surgeon or reconstructive surgeon that is not medically necessary.

3. A carrier that issues a health benefit plan shall not categorically refuse to cover medically necessary gender-affirming treatments or procedures or revisions to prior treatments if the plan provides coverage for any such services, procedures or revisions for purposes other than gender transition or affirmation.

4. A carrier that issues a health benefit plan may prescribe requirements that must be satisfied before the carrier covers surgical treatment of conditions relating to gender dysphoria or gender incongruence for an insured who is less than 18 years of age. Such requirements may include, without limitation, requirements that: (a) The treatment must be recommended by a psychologist, psychiatrist or other mental health professional; (b) The treatment must be recommended by a physician; (c) The insured must provide a written expression of the desire of the insured to undergo the treatment; (d) A written plan for treatment that covers at least 1 year must be developed and approved by at least two providers of health care; and (e) Parental consent is provided for the insured unless the insured is expressly authorized by law to consent on his or her own behalf.

5. When determining whether treatment is medically necessary for the purposes of this section, a carrier must consider the most recent Standards of Care published by the World Professional Association for Transgender Health, or its successor organization.

6. A carrier shall make a reasonable effort to ensure that the benefits required by subsection 1 are made available to an insured through a provider of health care who participates in the network plan of the carrier. If, after a reasonable effort, the carrier is unable to make such benefits available through such a provider of health care, the carrier may treat the treatment that the carrier is unable to make available through such a provider of health care in the same manner as other services provided by a provider of health care who does not participate in the network plan of the carrier.

7. If an insured appeals the denial of a claim or coverage under this section on the grounds that the treatment requested by the insured is not medically necessary, the carrier must consult with a provider of health care who has experience in prescribing or delivering gender-affirming treatment concerning the medical necessity of the treatment requested by the insured when considering the appeal

8. A health benefit plan subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after July 1, 2023, has the legal effect of including the coverage required by subsection 1, and any provision of the plan or renewal which is in conflict with the provisions of this section is void.

9. As used in this section: (a) “ Cosmetic surgery ”: (1) Means a surgical procedure that: (I) Does not meaningfully promote the proper function of the body; (II) Does not prevent or treat illness or disease; and (III) Is primarily directed at improving the appearance of a person. (2) Includes, without limitation, cosmetic surgery directed at preserving beauty. (b) “ Gender dysphoria ” means distress or impairment in social, occupational or other areas of functioning caused by a marked difference between the gender identity or expression of a person and the sex assigned to the person at birth which lasts at least 6 months and is shown by at least two of the following: (1) A marked difference between gender identity or expression and primary or secondary sex characteristics or anticipated secondary sex characteristics in young adolescents. (2) A strong desire to be rid of primary or secondary sex characteristics because of a marked difference between such sex characteristics and gender identity or expression or a desire to prevent the development of anticipated secondary sex characteristics in young adolescents. (3) A strong desire for the primary or secondary sex characteristics of the gender opposite from the sex assigned at birth. (4) A strong desire to be of the opposite gender or a gender different from the sex assigned at birth. (5) A strong desire to be treated as the opposite gender or a gender different from the sex assigned at birth. (6) A strong conviction of experiencing typical feelings and reactions of the opposite gender or a gender different from the sex assigned at birth. (c) “ Medically necessary ” means health care services or products that a prudent provider of health care would provide to a patient to prevent, diagnose or treat an illness, injury or disease, or any symptoms thereof, that are necessary and: (1) Provided in accordance with generally accepted standards of medical practice; (2) Clinically appropriate with regard to type, frequency, extent, location and duration; (3) Not provided primarily for the convenience of the patient or provider of health care; (4) Required to improve a specific health condition of a patient or to preserve the existing state of health of the patient; and (5) The most clinically appropriate level of health care that may be safely provided to the patient. A provider of health care prescribing, ordering, recommending or approving a health care service or product does not, by itself, make that health care service or product medically necessary. (d) “ Network plan ” means a health benefit plan offered by a carrier under which the financing and delivery of medical care, including items and services paid for as medical care, are provided, in whole or in part, through a defined set of providers under contract with the carrier. The term does not include an arrangement for the financing of premiums. (e) “ Provider of health care ” has the meaning ascribed to it in NRS 629.031 .
Nev. Rev. Stat. § 692A.100 — NV Code / Title 57 / Chapter 692A / Section 692A.100
Revised Statutes Title agents, title insurers and escrow officers: Licensing required; maintenance and examination of records; separation of money held in escrow; regulations
Status: in_force

1. The Commissioner shall provide by regulation for the licensing of title agents, their branch offices, direct writing title insurers and escrow officers.

2. Each title agent shall maintain his or her books of account and record and his or her vouchers pertaining to title insurance business in a manner which permits the Commissioner or a representative of the Commissioner to ascertain readily whether the agent has complied with the provisions of this chapter.

3. A title agent or escrow officer may engage in the business of handling escrows, settlements and closings if the title agent or escrow officer maintains a separate record of all receipts and disbursements of money held in escrow and does not commingle that money with his or her own.

4. For the purpose of determining its financial condition, fulfillment of its contractual obligations and compliance with law, the Commissioner or a representative of the Commissioner or the Commissioner of Financial Institutions of the Department of Business and Industry or a representative of the Commissioner of Financial Institutions of the Department of Business and Industry when requested by the Commissioner of Insurance shall each year examine or cause to be examined the affairs, transactions, agreements, assets, records and accounts, including the escrow accounts, of a title agent, title insurer or escrow officer.

5. A title agent or insurer may engage a certified public accountant to perform such an examination in lieu of the Commissioner. In such a case, the examination must be equivalent to the type of examination made by the Commissioner and the expense must be borne by the title agent or insurer being examined.

6. The Commissioner shall determine whether an examination performed by an accountant pursuant to subsection 5 is equivalent to an examination conducted by the Commissioner. The Commissioner may examine any area of the operation of a title agent or insurer if the Commissioner determines that the examination of that area is not equivalent to an examination conducted by the Commissioner.

7. A person shall not become licensed to circumvent the provisions of this chapter or any other law of this state.
Nev. Rev. Stat. § 692C.078 — NV Code / Title 57 / Chapter 692C / Section 692C.078
“ORSA Summary Report” defined
Status: in_force

“ ORSA Summary Report ” means a confidential high-level summary of an ORSA.
Nev. Rev. Stat. § 692C.460 — NV Code / Title 57 / Chapter 692C / Section 692C.460
Receivership
Status: in_force

Whenever it appears to the Commissioner that any person has committed a violation of this chapter, which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, the Commissioner may proceed as provided in chapter 696B of NRS to take possession of the property of such domestic insurer and to conduct the business thereof.
Nev. Rev. Stat. § 695F.300 — NV Code / Title 57 / Chapter 695F / Section 695F.300
Regulations
Status: in_force

The Commissioner shall adopt regulations to carry out the provisions of this chapter.
Nev. Rev. Stat. § 695F.310 — NV Code / Title 57 / Chapter 695F / Section 695F.310
Examinations and investigations
Status: in_force

1. The Commissioner may examine the affairs of any prepaid limited health service organization as often as is reasonably necessary to protect the interests of the residents of this State, but not less frequently than once every 3 years.

2. A prepaid limited health service organization shall make its books and records available for examination and cooperate with the Commissioner to facilitate the examination.

3. In lieu of such an examination, the Commissioner may accept the report of an examination conducted by the commissioner of insurance of another state.

4. An examination conducted pursuant to this section must be conducted in accordance with the provisions of NRS 679B.230 to 679B.300 , inclusive.

5. A prepaid limited health service organization may be investigated in accordance with NRS 679B.600 to 679B.700 , inclusive.
Nev. Rev. Stat. § 685A.133 — NV Code / Title 57 / Chapter 685A / Section 685A.133
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license
Status: in_force

<See notes for changes to this section effective under certain conditions.>

1. If the Commissioner receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is the holder of a surplus lines broker's license, the Commissioner shall deem the license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Commissioner receives a letter issued to the holder of the license by the district attorney or other public agency pursuant to NRS 425.550 stating that the holder of the license has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .

2. The Commissioner shall reinstate a surplus lines broker's license that has been suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .