Nev. Rev. Stat. § 689C.550 — NV Code / Title 57 / Chapter 689C / Section 689C.550
Collection of premiums; trust account for deposit of premiums
Status: in_force

A voluntary purchasing group shall offer to collect premiums for contracts offered through the purchasing group and maintain a trust account for the deposit of premiums collected to be paid to carriers for coverage offered through the purchasing group. A voluntary purchasing group is a fiduciary with respect to any premiums so collected.
Nev. Rev. Stat. § 695D.205 — NV Code / Title 57 / Chapter 695D / Section 695D.205
Copayments and deductibles: Reasonableness; approval of Commissioner; regulations
Status: in_force

1. Each copayment and deductible required to be paid by a member must be reasonable and reasonably related to the cost of the particular service.

2. Every organization for dental care shall submit to the Commissioner for approval any proposal for copayment or deductible before it is imposed on the members. The Commissioner shall approve or disapprove the proposal within 30 days after it is submitted to the Commissioner. If the Commissioner disapproves a copayment or deductible, the Commissioner shall notify the organization of the reasons for disapproval. The Commissioner shall grant a hearing on any such disapproval within 15 days after the organization requests, in writing, a hearing on the matter.

3. The Commissioner may adopt regulations to define: (a) “Reasonable” as it relates to copayments and deductibles; and (b) A “reasonable relationship” between the cost of particular services and the amount of related copayments and deductibles.
Nev. Rev. Stat. § 696B.500 — NV Code / Title 57 / Chapter 696B / Section 696B.500
Summary proceedings: Commissioner's corrective orders authorized
Status: in_force

1. If the Commissioner determines after a hearing that any insurer has committed or engaged in, or is committing or engaging in, or is about to commit or engage in any act, practice or transaction that would subject it to formal delinquency proceedings under this chapter, the Commissioner may make and serve upon the insurer and other persons involved, such orders (other than seizure orders under NRS 696B.530 and 696B.540 ) as the Commissioner deems reasonably necessary to correct, eliminate or remedy such conduct, condition or ground. Orders to cure impairment of capital or surplus of a domestic insurer are subject to NRS 693A.260 and 693A.270 .

2. If the Commissioner believes that irreparable harm to the insurer, or its policyholders, creditors or the public may occur unless an order of the Commissioner is issued with immediate effect, the Commissioner may make and serve an order without notice and before hearing, and shall simultaneously therewith serve upon the insurer and other persons involved the notice of hearing as required under subsection 3.

3. The Commissioner's order and notice of hearing shall be served by personal service in any manner provided by the Nevada Rules of Civil Procedure.
Nev. Rev. Stat. § 695A.014 — NV Code / Title 57 / Chapter 695A / Section 695A.014
“Insurer” defined
Status: in_force

“Insurer” includes every person engaged as principal and as indemnitor, surety or contractor in the business of entering into contracts of insurance.
Nev. Rev. Stat. § 682A.265 — NV Code / Title 57 / Chapter 682A / Section 682A.265
Calculation of counterparty exposure
Status: in_force

1. Except as otherwise provided in this section, the counterparty exposure amount is the net amount of credit risk attributable to an over-the-counter derivative instrument. The amount of credit risk equals: (a) The market value of the over-the-counter derivative instrument if the liquidation of the derivative instrument would result in a final cash payment to the insurer; or (b) Zero, if the liquidation of the derivative instrument would not result in a final cash payment to the insurer.

2. If over-the-counter derivative instruments are entered into in accordance with a written master agreement which provides for netting of payments owed by the respective parties, and the domiciliary jurisdiction of the counterparty is either within the United States or, if not within the United States, within a foreign jurisdiction listed in the Purposes and Procedures Manual of the SVO as eligible for netting, the net amount of credit risk is the greater of zero or the net sum of: (a) The market value of the over-the-counter derivative instruments entered into in accordance with the agreement, the liquidation of which would result in a final cash payment to the insurer; and (b) The market value of the over-the-counter derivative instruments entered into in accordance with the agreement, the liquidation of which would result in a cash payment by the insurer to the business entity.

3. For open transactions, market value must be determined at the end of the most recent quarter of the insurer's fiscal year and must be reduced by the market value of acceptable collateral held by the insurer or placed in escrow by one or both parties.
Nev. Rev. Stat. § 682A.059 — NV Code / Title 57 / Chapter 682A / Section 682A.059
“Derivative transaction” defined
Status: in_force

“ Derivative transaction ” means a transaction involving the use of one or more derivative instruments.
Nev. Rev. Stat. § 682A.406 — NV Code / Title 57 / Chapter 682A / Section 682A.406
Canadian investments
Status: in_force

1. An insurer shall not acquire, directly or indirectly through an investment subsidiary, a Canadian investment authorized by the provisions of this chapter if, as a result of and after giving effect to the investment, the aggregate amount of these investments held by the insurer would exceed 40 percent of its admitted assets, or if the aggregate amount of Canadian investments not acquired in accordance with the provisions of paragraph (c) or (d) of subsection 1 of NRS 682A.408 held by the insurer would exceed 25 percent of its admitted assets.

2. As to an insurer that is authorized to do business in Canada or that has outstanding insurance, annuity or reinsurance contracts on lives or risks resident or located in Canada and denominated in Canadian currency, the limitations in subsection 1 must be increased by the greater of: (a) The amount the insurer is required by Canadian law to invest in Canada or to be denominated in Canadian currency; or (b) An amount not to exceed 115 percent of the amount of its reserves and other obligations under contracts on lives or risks resident or located in Canada.
Nev. Rev. Stat. § 682A.127 — NV Code / Title 57 / Chapter 682A / Section 682A.127
“Limited-liability company” defined
Status: in_force

“ Limited-liability company ” means a business organization, excluding partnerships and ordinary business corporations, that is organized or operating in accordance with the laws of the United States, or any state thereof, and that limits the personal liability of investors to the equity investment of the investor in the business organization.
Nev. Rev. Stat. § 688C.440 — NV Code / Title 57 / Chapter 688C / Section 688C.440
Interference with enforcement of chapter or investigation of possible violation unlawful; permitting person convicted of certain felonies to participate in business of viatical settlements unlawful
Status: in_force

It is unlawful knowingly or intentionally:

1. For any person to interfere with the enforcement of the provisions of this chapter or an investigation of a possible violation of those provisions.

2. For a person engaged in the business of viatical settlements to permit any person convicted of a felony involving dishonesty or breach of trust to participate in that business.
Nev. Rev. Stat. § 692B.100 — NV Code / Title 57 / Chapter 692B / Section 692B.100
Granting or denial of permit
Status: in_force

1. The Commissioner shall expeditiously examine an application for a solicitation permit and complete the investigation as called for. Subject to subsection 2, if the Commissioner finds on such examination and investigation that: (a) The application is complete; (b) The documents therewith filed are proper in form; and (c) The proposed financing is reasonable and adequate in amount for the purposes intended and the applicant is otherwise entitled to the permit, the Commissioner shall give notice to the applicant that the Commissioner will issue the permit upon the filing of any bond required by NRS 692B.150 or 692B.210 , or deposit in lieu thereof, and the filing of an executed copy of any escrow agreement required in connection therewith. If quadruplicate executed originals of articles of incorporation of a proposed domestic stock or mutual insurer have been filed with the Commissioner as required under paragraph (d) of subsection 1 of NRS 692B.070 , the Commissioner shall inscribe the approval of the Commissioner on each copy thereof and return them to the applicant for filing with the Secretary of State and otherwise as required by law.

2. If the Commissioner does not so find, or finds that: (a) The proposed sale of securities would be or tend to be unfair or inequitable as to present or proposed security holders or investors; (b) Any of the individuals associated or to be associated in the insurer, corporation, syndicate, association, firm, organization or financing are not of good reputation as to business affairs or financial responsibility; (c) The proposed insurer would not be able to qualify for a certificate of authority in this state by virtue of the provisions of subsection 2 of NRS 680A.090 (ownership, management); (d) If an insurance holding corporation, its plan of capitalization or security options, or financing are such as would be prohibited under this Code as to a newly formed domestic stock insurer; or (e) There is material variance, adverse to the applicant, as between the information furnished by the applicant in connection with the application and that determined by the Commissioner on investigation, the Commissioner shall give notice to the applicant that a permit will not be granted, stating the particulars of the grounds for such denial, and refund to the applicant all sums deposited in connection with the application other than the fee for the filing of the application.
Nev. Rev. Stat. § 689B.0368 — NV Code / Title 57 / Chapter 689B / Section 689B.0368
Policy covering prescription drugs prohibited from limiting or excluding coverage for certain prescription drugs previously approved for medical condition of insured; exceptions
Status: in_force

1. Except as otherwise provided in this section, a policy of group health insurance which provides coverage for prescription drugs must not limit or exclude coverage for a drug if the drug: (a) Had previously been approved for coverage by the insurer for a medical condition of an insured and the insured's provider of health care determines, after conducting a reasonable investigation, that none of the drugs which are otherwise currently approved for coverage are medically appropriate for the insured; and (b) Is appropriately prescribed and considered safe and effective for treating the medical condition of the insured.

2. The provisions of subsection 1 do not: (a) Apply to coverage for any drug that is prescribed for a use that is different from the use for which that drug has been approved for marketing by the Food and Drug Administration; (b) Prohibit: (1) The insurer from charging a deductible, copayment or coinsurance for the provision of benefits for prescription drugs to the insured or from establishing, by contract, limitations on the maximum coverage for prescription drugs; (2) A provider of health care from prescribing another drug covered by the policy that is medically appropriate for the insured; or (3) The substitution of another drug pursuant to NRS 639.23286 or 639.2583 to 639.2597 , inclusive; or (c) Require any coverage for a drug after the term of the policy.

3. Any provision of a policy subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after October 1, 2001, which is in conflict with this section is void.
Nev. Rev. Stat. § 692B.060 — NV Code / Title 57 / Chapter 692B / Section 692B.060
Exemptions
Status: in_force

NRS 692B.040 does not apply to:

1. Sales of securities not involving a public offering, and under a plan filed with and not disapproved by the Commissioner; that is, sales on which no commission or other compensation is payable resulting from offers privately made to not over 20 persons (other than banks, savings associations, investment companies registered as such under the Investment Company Act of 1940, 1 registered securities dealers, investment houses and other financial institutions) within a 12-month period, and where all persons (including such banks, associations, companies, dealers, houses and institutions) so acquiring such securities do so for investment purposes only and not with a view to further distribution. The Commissioner shall disapprove any such plan within 10 days after filing, or within such reasonable additional period as the Commissioner may request within such 10 days, if found by the Commissioner to be: (a) Unfair to any existing or proposed other holders of securities of the insurer; or (b) Unlawful.

2. Sales of securities by an insurance holding corporation for purposes which do not include the financing, directly or indirectly, of a domestic insurer.

3. Stock of the insurer or insurance holding corporation to be offered and sold (without payment of commission thereon) exclusively to directors, employees and agents of the insurer or corporation, or any of them, under stock options granted pursuant to a written lawful plan therefor adopted by the board of directors, approved by a majority of the stock of the issuer corporation having voting rights, and filed with and approved by the Commissioner. The Commissioner shall approve such a plan unless found by the Commissioner to be inequitable to other personnel of the insurer or other persons financially interested in the insurer.

4. Securities issued or proposed to be issued pursuant to any merger, consolidation, bulk reinsurance, conversion, mutualization or corporate affiliation approved by the Commissioner pursuant to chapter 693A of NRS .

5. Securities issued in exchange for outstanding securities of the issuer, or partly in exchange for such outstanding securities and partly for cash, in connection with a recapitalization of the issuer or the exercise of conversion or exchange rights under such outstanding securities.

6. Securities issued and distributed to existing holders of securities of the insurer as a dividend paid in securities.

7. Fractional share interests in stock of the issuer offered and sold for the purpose of rounding out to whole shares in connection with any stock dividend or other distribution of shares to existing security holders of the issuer.

1 15 USCA § 80a-1 et seq.
Nev. Rev. Stat. § 695B.030 — NV Code / Title 57 / Chapter 695B / Section 695B.030
Definitions
Status: in_force

As used in this chapter:

1. “Dental services” means general and special dental services ordinarily provided by dentists licensed under the provisions of chapter 631 of NRS to practice in the State of Nevada in accordance with the generally accepted practices of the community at the time the service is rendered, and the furnishing of necessary appliances, drugs, medicines and supplies, prosthetic appliances, orthodontic appliances, metal, ceramic and other restorations.

2. “Hospital services” means the furnishing or providing of any or all of the following: (a) Maintenance and care in the hospital, including but not limited to, nursing care, drugs, medicines, supplies, physiotherapy, transportation and use of facilities and appliances. (b) Reimbursement of the beneficiary or subscriber for, but without requiring that the beneficiary or subscriber first pay, expenses incurred for any of the items included in paragraph (a). (c) Reimbursement, at a uniform rate, of the beneficiary or subscriber for, but without requiring that the beneficiary or subscriber first pay, the costs and expenses incurred for medical supplies. (d) Reimbursement for expenses incurred outside of the hospital for continued care and treatment following the subscriber's discharge from the hospital, for nursing service, necessary appliances, drugs, medicines, supplies and any other services which would have been available in the hospital (excluding physicians' services), whether or not provided through a hospital. (e) Reimbursement for ambulance service expenses.

3. “Medical services” means the furnishing or providing of any or all of the following: (a) Medical or surgical services, in or out of a hospital, by a physician licensed to practice under the laws of Nevada. (b) Reimbursement for expenses incurred for nursing services, necessary appliances, drugs, medicines, supplies and any other health care services.
Nev. Rev. Stat. § 689.325 — NV Code / Title 57 / Chapter 689 / Section 689.325
Prepaid contracts: Distributions to seller from trust fund; required amounts for reserve and liabilities in trust fund; filing of financial reports by trustee; fee and penalty related to such reports; determination of total value of trust
Status: in_force

1. Not more than 75 percent of the earnings of such investments, including capital gains, as they accrue and are received, may be disbursed by the trustee to the seller or the designee of the seller. The remainder of any earnings must be held by the trustee to establish a reserve for securities valuation until the reserve equals 25 percent of the total trust liabilities.

2. The trustee shall maintain in the trust fund an amount of money equal to 125 percent of the total trust liabilities.

3. If money in the trust fund is invested or reinvested in: (a) Securities which are issued or guaranteed by the United States of America; (b) Bonds of this state or the bonds of any other state; (c) Bonds of counties or municipalities of any state; (d) Deposits in any bank, credit union, savings and loan association or savings bank that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 ; or (e) With the written approval of the Commissioner, any investment which would have guaranteed liquidity, then no earnings of those investments, including capital gains, if any, as such earnings accrue and are received, may be disbursed by the trustee to the seller or the designee of the seller which would reduce the corpus of the trust fund below 100 percent of the required value of the trust. Earnings in excess of 100 percent of the required value of the trust or 125 percent of the total trust liability, whichever is appropriate, may be distributed annually.

4. Earnings are defined as any sum remaining in the trust fund after deducting costs of administration over and above 100 percent of the required value of the trust.

5. Every trustee handling money in a trust fund pursuant to NRS 689.150 to 689.375 , inclusive, shall file with the Commissioner, within 15 days after the first day of each calendar quarter, a financial statement showing the activity of all trusts required to be maintained by any seller and the total market value of each trust as of the first day of the calendar quarter. The statement must be on forms prescribed and adopted by the Commissioner. Every quarterly report must be accompanied by a fee of $10. If the statement is not received by the Commissioner as required, the Commissioner may, after giving the seller 10 days' written notice, revoke the seller's certificate of authority.

6. The trust must be valued quarterly and averaged annually to determine the total value of the trust. If the average market value as of December 31 of each year is below 100 percent of the required value of the trust or 125 percent of the total trust liability, the Commissioner may suspend the seller's certificate of authority until the deficiency is made up.
Nev. Rev. Stat. § 695C.125 — NV Code / Title 57 / Chapter 695C / Section 695C.125
Contract between health maintenance organization and provider of health care: Organization required to use form to obtain information on provider of health care; modification; submission by organization of schedule of payments to provider
Status: in_force

1. A health maintenance organization shall not contract with a provider of health care to provide health care to an insured unless the health maintenance organization uses the form prescribed by the Commissioner pursuant to NRS 629.095 to obtain any information related to the credentials of the provider of health care.

2. A contract between a health maintenance organization and a provider of health care may be modified: (a) At any time pursuant to a written agreement executed by both parties. (b) Except as otherwise provided in this paragraph, by the health maintenance organization upon giving to the provider 45 days' written notice of the modification of the health maintenance organization's schedule of payments, including any changes to the fee schedule applicable to the provider's practice. If the provider fails to object in writing to the modification within the 45-day period, the modification becomes effective at the end of that period. If the provider objects in writing to the modification within the 45-day period, the modification must not become effective unless agreed to by both parties as described in paragraph (a).

3. If a health maintenance organization contracts with a provider of health care to provide health care to an enrollee, the health maintenance organization shall: (a) If requested by the provider of health care at the time the contract is made, submit to the provider of health care the schedule of payments applicable to the provider of health care; or (b) If requested by the provider of health care at any other time, submit to the provider of health care the schedule of payments, including any changes to the fee schedule applicable to the provider's practice, specified in paragraph (a) within 7 days after receiving the request.

4. As used in this section, “ provider of health care ” means a provider of health care who is licensed pursuant to chapter 630, 631, 632 or 633 of NRS .
Nev. Rev. Stat. § 686C.061 — NV Code / Title 57 / Chapter 686C / Section 686C.061
“Benefit plan” defined
Status: in_force

“ Benefit plan ” means a benefit plan for a specific employee, union or association of natural persons.
Nev. Rev. Stat. § 690A.260 — NV Code / Title 57 / Chapter 690A / Section 690A.260
Transfers to unauthorized insurer
Status: in_force

1. Except as otherwise provided in subsection 2, an authorized insurer issuing consumer credit insurance may not enter into any agreement whereby the authorized insurer transfers, by reinsurance or otherwise, to an unauthorized insurer, as they relate to consumer credit insurance written or issued in this State: (a) A substantial portion of the risk of loss under the consumer credit insurance written by the authorized insurer in this State; (b) All of one or more kinds, lines, types or classes of consumer credit insurance; (c) All of the consumer credit insurance produced through one or more agents, agencies or creditors; (d) All of the consumer credit insurance written or issued in a designated geographical area; or (e) All of the consumer credit insurance under a policy of group insurance.

2. An authorized insurer may make the transfers listed in subsection 1 to an unauthorized insurer if the unauthorized insurer: (a) Maintains security on deposit with the Commissioner in an amount which when added to the actual capital and surplus of the insurer is equal to the capital and surplus required of an authorized stock insurer pursuant to NRS 680A.120 . The security may consist only of the following: (1) Cash. (2) General obligations of, or obligations guaranteed by, the Federal Government, this State or any of its political subdivisions. These obligations must be valued at the lower of market value or par value. (3) Any other type of security that would be acceptable if posted by a domestic or foreign insurer. (b) Files an annual statement with the Commissioner pursuant to NRS 680A.270 . (c) Maintains reserves on its consumer credit insurance business pursuant to NRS 681B.050 . (d) Values its assets and liabilities pursuant to NRS 681B.010 to 681B.040 , inclusive. (e) Agrees to examinations conducted by the Commissioner pursuant to NRS 679B.230 . (f) Complies with the standards adopted by the Commissioner pursuant to NRS 679A.150 . (g) Does not hold, issue or have an arrangement for holding or issuing any of its stock for which dividends are paid based on: (1) The experience of a specific risk of all of one or more kinds, lines, types or classes of insurance; (2) All of the business produced through one or more agents, agencies or creditors; (3) All of the business written in a designated geographical area; or (4) All of the business written for one or more forms of insurance.
Nev. Rev. Stat. § 686A.610 — NV Code / Title 57 / Chapter 686A / Section 686A.610
“Adverse action” defined
Status: in_force

“ Adverse action ” means a denial or cancellation of, an increase in any charge for, or a reduction or other adverse or unfavorable change in the terms of coverage or amount of, any insurance, existing or applied for, in connection with any policy.
Nev. Rev. Stat. § 683A.0873 — NV Code / Title 57 / Chapter 683A / Section 683A.0873
Records of administrator: Maintenance and retention; examination by Commissioner and insurer; confidentiality
Status: in_force

1. Each administrator shall maintain at his or her principal office adequate books and records of all transactions between the administrator, the insurer and the insured. The books and records must be maintained in accordance with prudent standards of recordkeeping for insurance and with regulations of the Commissioner for a period of 5 years after the transaction to which they respectively relate. After the 5-year period, the administrator may remove the books and records from the State, store their contents on microfilm or return them to the appropriate insurer.

2. The Commissioner may examine, audit and inspect books and records maintained by an administrator under the provisions of this section to carry out the provisions of NRS 679B.230 to 679B.300 , inclusive.

3. The names and addresses of insured persons and any other material which is in the books and records of an administrator are confidential except as otherwise provided in NRS 239.0115 and except when used in proceedings against the administrator.

4. The insurer may inspect and examine all books and records to the extent necessary to fulfill all contractual obligations to insured persons, subject to restrictions in the written agreement between the insurer and administrator.
Nev. Rev. Stat. § 689A.340 — NV Code / Title 57 / Chapter 689A / Section 689A.340
Limitation on provisions not subject to chapter; effect of violation of chapter; conflict among provisions
Status: in_force

1. No policy provision which is not subject to this chapter shall make a policy, or any portion thereof, less favorable in any respect to the insured or the beneficiary than the provisions thereof which are subject to this chapter.

2. A policy delivered or issued for delivery to any person in this state in violation of this chapter shall be held valid but shall be construed as provided in this chapter. When any provision in a policy subject to this chapter is in conflict with any provision of this chapter, the rights, duties and obligations of the insurer, the insured and the beneficiary shall be governed by the provisions of this chapter.
Nev. Rev. Stat. § 688B.030 — NV Code / Title 57 / Chapter 688B / Section 688B.030
Group life insurance prohibited unless approved by Commissioner; exempt policies; exclusion or limitation of coverage; applicability
Status: in_force

1. Except as otherwise provided in this section, no policy of group life insurance may be delivered or issued for delivery in this State to a group which was formed for the purpose of purchasing one or more policies of group life insurance.

2. A policy of group life insurance may be delivered to a group described in subsection 1 if the Commissioner approves the issuance. The Commissioner must not grant approval unless the Commissioner finds that: (a) The benefits of the policy are reasonable in relation to the premiums charged; and (b) The group to which the policy is issued is organized and operated in a fiscally sound manner.

3. The provisions of subsection 1 do not apply to a policy of group life insurance which is delivered or issued for delivery in this State to a group whose members: (a) Are related by blood, marriage or legal adoption; (b) Have a common interest through ownership of a business enterprise or a substantial legal interest or equity therein, and who are actively engaged in the management thereof; or (c) Otherwise have an insurable interest in each other's lives.

4. An insurer may exclude or limit the coverage in a policy issued pursuant to this section of any person as to whom evidence of insurability is not satisfactory to the insurer.

5. The provisions of this section apply to the offering in this State of a policy issued in another state.
Nev. Rev. Stat. § 695E.180 — NV Code / Title 57 / Chapter 695E / Section 695E.180
Notice required in policy
Status: in_force

A policy issued by a risk retention group must contain in 10-point type on the front page and the declaration page, the following notice:

This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insolvency guaranty funds are not available for your risk retention group.
Nev. Rev. Stat. § 695C.17335 — NV Code / Title 57 / Chapter 695C / Section 695C.17335
Plan covering treatment of cancer through use of chemotherapy: Prohibited acts related to orally administered chemotherapy
Status: in_force

1. A health maintenance organization that offers or issues a health care plan which provides coverage for the treatment of cancer through the use of chemotherapy shall not: (a) Require a copayment, deductible or coinsurance amount for chemotherapy administered orally by means of a prescription drug in a combined amount that is more than $100 per prescription. The limitation on the amount of the deductible that may be required pursuant to this paragraph does not apply to a health benefit plan, as defined in NRS 687B.470 , if the health benefit plan is a high deductible health plan, as defined in 26 U.S.C. § 223 , and the amount of the annual deductible has not been satisfied. (b) Make the coverage subject to monetary limits that are less favorable for chemotherapy administered orally by means of a prescription drug than the monetary limits applicable to chemotherapy which is administered by injection or intravenously. (c) Decrease the monetary limits applicable to such chemotherapy administered orally by means of a prescription drug or to chemotherapy which is administered by injection or intravenously to meet the requirements of this section.

2. Evidence of coverage subject to the provisions of this chapter which provides coverage for the treatment of cancer through the use of chemotherapy and that is delivered, issued for delivery or renewed on or after January 1, 2015, has the legal effect of providing that coverage subject to the requirements of this section, and any provision of the evidence of coverage or the renewal which is in conflict with this section is void.

3. Nothing in this section shall be construed as requiring a health maintenance organization to provide coverage for the treatment of cancer through the use of chemotherapy administered by injection or intravenously or administered orally by means of a prescription drug.
Nev. Rev. Stat. § 690A.093 — NV Code / Title 57 / Chapter 690A / Section 690A.093
Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner
Status: in_force

1. The Commissioner shall, by regulation, establish reasonable rates as described in this chapter and in accordance with the standards established in NRS 686B.050 and 686B.060 . The rates must be reasonable in relation to the benefits provided and must not be excessive, inadequate or unfairly discriminatory.

2. The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 690A.085 . In establishing such rates, the Commissioner shall consider and apply the following factors: (a) Actual and expected loss experience; (b) General and administrative expenses; (c) Loss settlement and adjustment expenses; (d) Reasonable creditor compensation; (e) The manner in which premiums are charged; (f) Other acquisition costs; (g) Reserves; (h) Taxes; (i) Regulatory license fees and fund assessments; (j) Reasonable insurer profit; and (k) Other relevant data consistent with generally accepted actuarial standards.
Nev. Rev. Stat. § 686B.080 — NV Code / Title 57 / Chapter 686B / Section 686B.080
Filing and supporting information open to public inspection; copies; exceptions
Status: in_force

1. Except as otherwise provided in subsections 2 to 5, inclusive, each filing and any supporting information filed under NRS 686B.010 to 686B.1799 , inclusive, must, as soon as filed, be open to public inspection at any reasonable time. Copies may be obtained by any person on request and upon payment of a reasonable charge therefor.

2. All rates for health benefit plans available for purchase by individuals and small employers are considered proprietary and constitute trade secrets, and are not subject to disclosure by the Commissioner to persons outside the Division except as agreed to by the carrier or as ordered by a court of competent jurisdiction.

3. The provisions of subsection 2 expire annually on the date 30 days before open enrollment.

4. Except in cases of violations of NRS 689A.010 to 689A.740 , inclusive, or 689C.015 to 689C.355 , inclusive, the unified rate review template and rate filing documentation used by carriers servicing the individual and small employer markets are considered proprietary and constitute a trade secret, and are not subject to disclosure by the Commissioner to persons outside the Division except as agreed to by the carrier or as ordered by a court of competent jurisdiction.

5. An insurer providing blanket health insurance in accordance with the provisions of chapter 689B of NRS shall make all information concerning rates available to the Commissioner upon request. Such information is considered proprietary and constitutes a trade secret and is not subject to disclosure by the Commissioner to persons outside the Division except as agreed by the insurer or as ordered by a court of competent jurisdiction.

6. For the purposes of this section: (a) “ Open enrollment ” has the meaning ascribed to it in 45 C.F.R. § 147.104(b)(1)(ii) . (b) “ Rate filing documentation ” and “ unified rate review template ” have the meanings ascribed to them in 45 C.F.R. § 154.215 .
Nev. Rev. Stat. § 694C.415 — NV Code / Title 57 / Chapter 694C / Section 694C.415
Examinations: Branch captive insurer; alien captive insurer
Status: in_force

1. The examination of a branch captive insurer pursuant to NRS 694C.410 must be of branch business and branch operations only, so long as the branch captive insurer provides to the Commissioner on an annual basis a certificate of compliance, or equivalent documentation, issued by or filed with the licensing authority of the jurisdiction in which the branch captive insurer is formed, and demonstrates to the satisfaction of the Commissioner that it is operating in a sound financial condition and in accordance with all applicable laws and regulations of that jurisdiction.

2. As a condition of licensure, the alien captive insurer must authorize the Commissioner to examine the affairs of the alien captive insurer in the jurisdiction in which the alien captive insurer is formed.
Nev. Rev. Stat. § 689C.160 — NV Code / Title 57 / Chapter 689C / Section 689C.160
Carrier must uniformly apply requirements to determine whether to provide coverage
Status: in_force

The requirements used by a carrier serving small employers to determine whether to provide coverage to a small employer, including, without limitation, requirements for minimum participation of eligible employees and minimum employer's contributions, must be applied uniformly among all small employers with the same number of eligible employees applying for coverage or receiving coverage from the carrier.
Nev. Rev. Stat. § 692C.130 — NV Code / Title 57 / Chapter 692C / Section 692C.130
Organization and acquisition of subsidiaries authorized
Status: in_force

Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries. Such subsidiaries may conduct any kind of business or businesses and their authority to do so shall not be limited by reason of the fact that they are subsidiaries of a domestic insurer.
Nev. Rev. Stat. § 686B.1779 — NV Code / Title 57 / Chapter 686B / Section 686B.1779
Disapproval of rates: Authority of Commissioner; required grounds
Status: in_force

1. The Commissioner may disapprove a rate filed by an insurer at any time.

2. The Commissioner shall disapprove a rate if: (a) An insurer has failed to meet the requirements for filing a rate pursuant to this chapter or the regulations of the Commissioner; (b) The rate is inadequate or unfairly discriminatory and the interaction among insurers and employers is competitive; or (c) A rate is inadequate, excessive or unfairly discriminatory and the Commissioner has found and issued an order that the interaction among the insurers and employers is not competitive.
Nev. Rev. Stat. § 687B.130 — NV Code / Title 57 / Chapter 687B / Section 687B.130
Grounds for disapproval or withdrawal of previous approval
Status: in_force

The Commissioner shall disapprove any form filed under NRS 687B.120 , or withdraw any previous approval thereof, only on one or more of the following grounds:

1. The form is in any respect in violation of or does not comply with this Code.

2. The form contains, or incorporates by reference where such incorporation is otherwise permissible, any inconsistent, ambiguous or misleading clauses, or exceptions and conditions which deceptively affect the risk purported to be assumed in the general coverage of the contract, or any provision or provisions prejudicial to the interest of the insured or policyholder.

3. The form has any title, heading or other indication of its provisions which is misleading, or is printed in such size of type or manner of reproduction as to be difficult to read.

4. As to an individual health insurance policy, if the benefits provided therein are unreasonable in relation to the premium charged, or if it contains any unjust, unfair, inequitable or prejudicial provision or provisions.

5. As to a life insurance or individual health insurance policy, if it contains a provision or provisions such as to encourage misrepresentation.
Nev. Rev. Stat. § 693A.060 — NV Code / Title 57 / Chapter 693A / Section 693A.060
Assets to be kept in State; exception
Status: in_force

1. Every domestic insurer shall keep its assets within the State of Nevada, except where requisite for the normal transaction of its business.

2. This section does not apply to: (a) Assets maintained at the insurer's principal place of business located outside this State with the Commissioner's permission granted under NRS 693A.040 ; (b) Securities on deposit with or through the insurance supervisory officer of another state, province or country as a condition to authority for the transaction of insurance business by the insurer in that state, province or country; and (c) Negotiable securities held in book entry form through the United States banking system and recorded in the name of the domestic insurer or its nominee by the authorized transfer agency or trustee of the security.
Nev. Rev. Stat. § 686C.223 — NV Code / Title 57 / Chapter 686C / Section 686C.223
Election to succeed to rights and obligations of member insurer; transfer of obligations to another insurer
Status: in_force

1. As used in this section, “ coverage date ” means the date on which the Association becomes liable for the obligations of a member insurer.

2. At any time after the coverage date, the Association may elect to succeed to the rights and obligations of the member insurer which accrue on or after the coverage date and relate to policies or contracts covered, in whole or in part, by the Association under any one or more agreements for indemnity reinsurance entered into by the member insurer as ceding insurer and selected by the Association. However, the Association may not exercise its right of election with respect to an agreement for reinsurance if the receiver, rehabilitator or liquidator of the member insurer has previously expressly disaffirmed the agreement. The election must be effected by a notice to the receiver, rehabilitator or liquidator and the affected reinsurers. If the Association makes such an election: (a) The Association is responsible for all unpaid premiums due under each agreement for periods both before and after the coverage date, and for the performance of all other obligations to be performed after the coverage date, in each case which relates to a policy or contract covered in whole or in part by the Association. The Association may charge a policy or contract covered in part by it, through reasonable methods of allocation, for the costs of reinsurance in excess of the obligations of the Association. (b) The Association is entitled to any amount payable by the reinsurer under each agreement with respect to losses or events that occur in periods after the coverage date and relate to policies or contracts covered in whole or in part by the Association, but upon receipt of any such amount, the Association is obligated to pay, to the beneficiary under the policy or contract on account of which the amount was paid, that portion of the amount received by the Association that exceeds the benefits paid by the Association on account of the policy or contract less the retention by the impaired or insolvent insurer applicable to the loss or event. (c) The Association and each reinsurer shall, within 30 days after the election, calculate the net balance due to or from the Association under each agreement as of the date of the election, giving full credit for all items paid by the member insurer or its receiver, rehabilitator or liquidator, or the reinsurer, between the coverage date and the date of the election. The Association or the reinsurer shall pay the net balance within 5 days after the completion of the calculation. If a receiver, rehabilitator or liquidator has received any amount due the Association pursuant to paragraph (b), the recipient shall remit the amount to the Association as promptly as practicable. (d) The reinsurer may not terminate an agreement for reinsurance insofar as it relates to policies or contracts covered by the Association in whole or in part, or set off any unpaid premium due for a period before the coverage date against the amount due the Association, if the Association, within 60 days after the election, pays the premiums due for periods both before and after the coverage date which relate to such policies or contracts.

3. If the Association transfers its obligation to another insurer, and the Association and the other insurer so agree, the other insurer succeeds to the rights and obligations of the Association under subsection 2 effective as of the agreed date, whether or not the Association has made the election described in subsection 2, except that: (a) An agreement for indemnity reinsurance automatically terminates as to new reinsurance unless the reinsurer and the other insurer agree to the contrary; (b) The obligation of the Association to the beneficiary under paragraph (b) of subsection 2 ceases on the date of the transfer to the other insurer; and (c) This subsection does not apply if the Association has previously expressly determined in writing that it will not exercise its right of election under subsection 2.

4. The provisions of this section supersede an affected agreement for reinsurance which provides for or requires payment of proceeds of reinsurance, on account of a loss or event that occurs after the coverage date, to the receiver, rehabilitator or liquidator of the insolvent insurer. The receiver, rehabilitator or liquidator remains entitled to any amounts payable by the reinsurer under the agreement with respect to losses or events that occur before the coverage date, subject to any applicable setoff.

5. Except as otherwise expressly provided, this section does not alter or modify the terms or conditions of any agreement of the insolvent insurer for reinsurance, abrogate or limit any right of a reinsurer to rescind an agreement for reinsurance, or give an owner or beneficiary of a policy or contract an independent cause of action against a reinsurer under an agreement for indemnity reinsurance that is not otherwise set forth in the agreement.
Nev. Rev. Stat. § 687B.868 — NV Code / Title 57 / Chapter 687B / Section 687B.868
“Multiple employer welfare arrangement” defined
Status: in_force

“Multiple employer welfare arrangement” has the meaning ascribed to it in NRS 680A.028 .
Nev. Rev. Stat. § 695I.060 — NV Code / Title 57 / Chapter 695I / Section 695I.060
“Medical facility” defined
Status: in_force

“Medical facility” has the meaning ascribed to it in NRS 449.0151 .
Nev. Rev. Stat. § 696B.240 — NV Code / Title 57 / Chapter 696B / Section 696B.240
Grounds for ancillary liquidation: Foreign and alien insurers
Status: in_force

The Commissioner may apply to the court for an order appointing the Commissioner as ancillary receiver of and directing the Commissioner to liquidate the business of a foreign or alien insurer having assets, business or claims in this state upon the appointment in the domiciliary sovereignty of such insurer of a receiver, liquidator, conservator, rehabilitator or other officer by whatever name called for the purpose of liquidating the business of the insurer.
Nev. Rev. Stat. § 692C.070 — NV Code / Title 57 / Chapter 692C / Section 692C.070
“Insurer” defined
Status: in_force

“ Insurer ” has the meaning ascribed in NRS 679A.100 . It does not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or any state or political subdivision of a state.
Nev. Rev. Stat. § 689A.637 — NV Code / Title 57 / Chapter 689A / Section 689A.637
Coverage offered through plan that provides for restricted network: Contracts with certain federally qualified health centers
Status: in_force

1. An individual carrier that offers a health benefit plan that includes a provision for a restricted network shall use its best efforts to contract with at least one health center in each geographic service area to provide health care services to persons covered by the plan if the health center: (a) Meets all conditions imposed by the carrier on similarly situated providers of health care with which the carrier contracts, including, without limitation: (1) Certification for participation in the Medicaid or Medicare program; and (2) Requirements relating to the appropriate credentials for providers of health care; and (b) Agrees to reasonable reimbursement rates that are generally consistent with those offered by the carrier to similarly situated providers of health care with which the carrier contracts.

2. As used in this section, “health center” has the meaning ascribed to it in 42 U.S.C. § 254b .
Nev. Rev. Stat. § 695A.1873 — NV Code / Title 57 / Chapter 695A / Section 695A.1873
Coverage for management and treatment of sickle cell disease and its variants required; coverage for medically necessary prescription drugs to treat sickle cell disease and its variants required in benefit contract covering prescription drugs
Status: in_force

1. A society that issues a benefit contract shall include in the benefit contract coverage for: (a) Necessary case management services for an insured who has been 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 society that issues a benefit contract which provides coverage for prescription drugs shall include in the benefit contract coverage for medically necessary prescription drugs to treat sickle cell disease and its variants.

3. A society 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.

4. 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) “ Medically necessary ” has the meaning ascribed to it in NRS 695G.055 . (d) “ Sickle cell disease and its variants ” has the meaning ascribed to it in NRS 439.4927 .
Nev. Rev. Stat. § 694C.392 — NV Code / Title 57 / Chapter 694C / Section 694C.392
State-chartered risk retention group: Board of directors; material service provider contracts; audit committee; written policies, governance standards and code of business conduct; duty to notify domestic regulator of material noncompliance
Status: in_force

1. The board of directors of a risk retention group must have a majority of independent directors. If the risk retention group is a reciprocal risk retention group, the attorney-in-fact is required to adhere to the same standards regarding independence of operation and governance as imposed on the risk retention group's board of directors or subscribers advisory committee under this section, and, to the extent permissible by state law, service providers of a reciprocal risk retention group must contract with the risk retention group and not the attorney-in-fact.

2. No director qualifies as independent unless the board of directors affirmatively determines that the director has no material relationship with the risk retention group. Each risk retention group shall disclose these determinations to its domestic regulator at least annually. For the purposes of this subsection, any person that is a direct or indirect owner of or subscriber in the risk retention group, or is an officer, director or employee of such an owner or insured, unless some other position of such officer, director or employee constitutes a material relationship, as contemplated by 15 U.S.C. § 3901(a)(4)(E)(ii) , is considered to be independent.

3. The term of any material service provider contract with a risk retention group must not exceed 5 years. Any such contract, or its renewal, must require the approval of the majority of the risk retention group's independent directors. The risk retention group's board of directors shall have the right to terminate any service provider, audit or actuarial contracts at any time for cause after providing adequate notice as defined in the contract. The service provider contract is deemed material if the amount to be paid for such contract is greater than, or equal to, 5 percent of the risk retention group's annual gross written premium or 2 percent of its surplus, whichever is greater. No service provider contract which creates a material relationship may be entered into unless the risk retention group has notified the Commissioner, in writing, of its intention to enter into such a transaction at least 30 days before and the Commissioner has not disapproved it within such period. For the purposes of this subsection: (a) “Lawyer” does not include defense counsel retained by the risk retention group to defend claims, unless the amount of fees paid to such lawyer creates a material relationship. (b) “ Service provider ” includes, without limitation, a captive manager, auditor, accountant, actuary, investment advisor, lawyer, managing general underwriter or other party responsible for underwriting, determination of rates, collection of premium, adjusting and settling claims or the preparation of financial statements.

4. The board of directors shall adopt a written policy in the plan of operation as approved by the board that requires the board to: (a) Ensure that all owners and insureds of the risk retention group receive evidence of ownership interest; (b) Develop a set of governance standards applicable to the risk retention group; (c) Oversee the evaluation of the risk retention group's management, including, without limitation, the performance of the captive manager, managing general underwriter or other party or parties responsible for underwriting, determination of rates, collection of premium, adjusting or settling claims or the preparation of financial statements; (d) Review and approve the amount to be paid for all material service providers; and (e) At least annually, review and approve: (1) The risk retention group's goals and objectives relevant to the compensation of officers and service providers; (2) The officer's and service provider's performance in light of those goals and objectives; and (3) The continued engagement of the officers and material service providers.

5. A risk retention group must have an audit committee composed of at least three independent board members. A board member that is not independent may participate in the activities of the audit committee if invited by the members, but cannot be a member of such committee.

6. An audit committee established pursuant to subsection 5 must have a written charter that defines the committee's purpose, which must include, without limitation: (a) Assisting the board of directors with oversight of: (1) The integrity of financial statements; (2) Compliance with legal and regulatory requirements; and (3) The qualifications, independence and performance of the independent auditor and actuary; (b) Discussing the annual audited financial statements and quarterly financial statements with management; (c) Discussing the annual audited financial statements and, if advisable, its quarterly financial statements with its independent auditor; (d) Discussing policies with respect to risk assessment and risk management; (e) Meeting separately and periodically, either directly or through a designated representative of the committee, with management and independent auditors; (f) Reviewing with the independent auditor any audit problems or difficulties and management's response; (g) Setting clear hiring policies of the risk retention group as to the hiring of employees or former employees of the independent auditor; (h) Requiring the external auditor to rotate the lead, or coordinating, audit partner having primary responsibility for the risk retention group's audit as well as the audit partner responsible for reviewing that audit so that one such person does not perform audit services for more than 5 consecutive fiscal years; and (i) Reporting regularly to the board of directors.

7. The domestic regulator may waive the requirement to establish an audit committee composed of independent board members if the risk retention group is able to demonstrate to the domestic regulator that it is impracticable to do so and the board of directors itself is otherwise able to accomplish the purposes of the audit committee.

8. The board of directors shall adopt and disclose governance standards which must include: (a) A process by which the directors are elected by the owners and insureds; (b) Qualification standards; (c) Responsibilities; (d) Access to management and, as necessary and appropriate, independent advisors; (e) Compensation; (f) Orientation and continuing education; (g) The policies and procedures to be followed for management succession; and (h) The policies and procedures to be followed for annual performance evaluation of the board. As used in this subsection, “ disclose ” means making information available through electronic or other means, including, without limitation, posting such information on the risk retention group's Internet website and providing such information to its members and insureds upon request.

9. The board of directors shall adopt and disclose a code of business conduct and ethics for directors, officers and employees which must include, without limitation: (a) Conflicts of interest; (b) Matters covered under the corporate opportunities doctrine within the state of domicile; (c) Confidentiality; (d) Fair dealing; (e) Protection and proper use of assets of the risk retention group; (f) Compliance with all applicable laws, rules and regulations; and (g) Requiring the reporting of any illegal or unethical behavior which affects the operation of the risk retention group. The board shall promptly disclose any waivers of the code for directors or executive officers.

10. The captive manager, president or chief executive officer of a risk retention group shall promptly notify the domestic regulator, in writing, if he or she becomes aware of any material noncompliance with this section.

11. As used in this section: (a) “ Board of directors ” or “ board ” means the governing body of a risk retention group elected by the shareholders or members to establish policy, elect or appoint officers and committees and make other governing decisions. (b) “ Director ” means a natural person designated in the articles of the risk retention group, or designated, elected or appointed by any other manner, name or title to act on the board. (c) “ Material relationship ,” of a person with a risk retention group, includes, without limitation: (1) The receipt in any one 12-month period of compensation or payment of any other item of value by such person, a member of such person's immediate family or any business with which such person is affiliated from the risk retention group or a consultant or service provider to the risk retention group that is greater than or equal to 5 percent of the risk retention group's gross written premium for such 12-month period or 2 percent of its surplus, whichever is greater, as measured at the end of any fiscal quarter falling in such a 12-month period. Such person or immediate family member of such a person is not considered to be independent until 1 year after his or her compensation or payment from the risk retention group falls below the threshold set forth in this subparagraph. (2) A director or an immediate family member of a director who is affiliated with or employed in a professional capacity by a present or former internal or external auditor of the risk retention group is not considered to be independent until 1 year after the end of the affiliation, employment or auditing relationship. (3) A director or immediate family member of a director who is employed as an executive officer of another company where any of the risk retention group's present executives serve on that company's board of directors is not considered to be independent until 1 year after the end of such service or the employment relationship.
Nev. Rev. Stat. § 689A.380 — NV Code / Title 57 / Chapter 689A / Section 689A.380
Definitions of terms used in policies
Status: in_force

As used in any policy of health insurance delivered, issued for delivery or used in this state, unless otherwise provided in the policy or in an endorsement thereon or in a rider attached thereto:

1. “Accidental death” means death by accident exclusively and independently of all other causes.

2. “Confinement to house” or “house confinement” includes the activities of a convalescent not able to be gainfully employed.

3. “Medical or surgical services” includes also services within the scope of his or her license rendered by any person while duly licensed by the State of Nevada under any of the following chapters of NRS: 631 (dentistry); 633 (osteopathic medicine); 634 (chiropractic); 634A (Oriental medicine); 635 (podiatry); or 636 (optometry). No policy of health insurance may provide that the insured does not have the option of selecting any licensee provided for in this subsection to perform any medical or surgical services covered by a policy of insurance if the service is within the scope of his or her license.

4. “Total disability” means inability to perform the duties of any gainful occupation for which the insured is reasonably fitted by training, experience and accomplishment.
Nev. Rev. Stat. § 692C.480 — NV Code / Title 57 / Chapter 692C / Section 692C.480
Criminal proceedings and penalties
Status: in_force

1. Whenever it appears to the Commissioner that any insurer or any director, officer, employee or agent thereof has committed a willful violation of this chapter, the Commissioner may cause criminal proceedings to be instituted in the county in which the principal office of the insurer is located or if the insurer does not have such an office in the state then in Carson City against that insurer or the responsible director, officer, employee or agent thereof.

2. An insurer which willfully violates this chapter shall be punished by a fine of not more than $20,000.

3. A natural person who willfully violates this chapter is guilty of a category D felony and shall be punished as provided in NRS 193.130 .
Nev. Rev. Stat. § 695C.185 — NV Code / Title 57 / Chapter 695C / Section 695C.185
Approval or denial of claims; payment of claims and interest; requests for additional information; award of costs and attorney's fees; compliance with requirements; imposition of administrative fine or suspension or revocation of certificate of authority for failure to comply
Status: in_force

1. Except as otherwise provided in subsection 2 and NRS 439B.754 , a health maintenance organization shall approve or deny a claim relating to a health care plan within 30 days after the health maintenance organization receives the claim. If the claim is approved, the health maintenance organization shall pay the claim within 30 days after it is approved. Except as otherwise provided in this section, if the approved claim is not paid within that period, the health maintenance organization shall pay interest on the claim 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.

2. If the health maintenance organization requires additional information to determine whether to approve or deny the claim, it shall notify the claimant of its request for the additional information within 20 days after it receives the claim. The health maintenance organization shall notify the provider of health care services of all the specific reasons for the delay in approving or denying the claim. The health maintenance organization shall approve or deny the claim within 30 days after receiving the additional information. If the claim is approved, the health maintenance organization shall pay the claim within 30 days after it receives the additional information. If the approved claim is not paid within that period, the health maintenance organization shall pay interest on the claim in the manner prescribed in subsection 1.

3. A health maintenance organization shall not request a claimant to resubmit information that the claimant has already provided to the health maintenance organization, unless the health maintenance organization provides a legitimate reason for the request and the purpose of the request is not to delay the payment of the claim, harass the claimant or discourage the filing of claims.

4. A health maintenance organization shall not pay only part of a claim that has been approved and is fully payable.

5. A court shall award costs and reasonable attorney's fees to the prevailing party in an action brought pursuant to this section.

6. The payment of interest provided for in this section for the late payment of an approved claim may be waived only if the payment was delayed because of an act of God or another cause beyond the control of the health maintenance organization.

7. The Commissioner may require a health maintenance organization to provide evidence which demonstrates that the health maintenance organization has substantially complied with the requirements set forth in this section, including, without limitation, payment within 30 days of at least 95 percent of approved claims or at least 90 percent of the total dollar amount for approved claims.

8. If the Commissioner determines that a health maintenance organization is not in substantial compliance with the requirements set forth in this section, the Commissioner may require the health maintenance organization to pay an administrative fine in an amount to be determined by the Commissioner. Upon a second or subsequent determination that a health maintenance organization is not in substantial compliance with the requirements set forth in this section, the Commissioner may suspend or revoke the certificate of authority of the health maintenance organization.
Nev. Rev. Stat. § 690B.170 — NV Code / Title 57 / Chapter 690B / Section 690B.170
Contracts: Regulations on content
Status: in_force

The Commissioner may adopt reasonable regulations regarding the content of contracts of insurance for home protection to protect the interests of persons affected by the provisions of those contracts. The regulations may not extend to specifying the structures, components, systems or appliances which must be covered by insurance for home protection, except to the extent necessary to:

1. Obtain fairness in the exclusions from the coverage provided; or

2. Avoid illusory coverage caused by the nature or extent of the coverage exclusions.
Nev. Rev. Stat. § 688A.3637 — NV Code / Title 57 / Chapter 688A / Section 688A.3637
Maturity date
Status: in_force

1. For the purpose of determining the benefits calculated under NRS 688A.3633 and 688A.3635 : (a) In the case of annuity contracts issued before January 1, 2012, under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election is permitted by the contract, but shall not be deemed to be later than the anniversary of the contract next following the annuitant's 70th birthday or the 10th anniversary of the contract, whichever is later. (b) In the case of annuity contracts issued on or after January 1, 2012, the maturity date shall be deemed to be the latest date permitted by the contract, but shall not be deemed to be later than the anniversary of the contract next following the annuitant's 70th birthday or the 10th anniversary of the contract, whichever is later.

2. For the purpose of determining the maturity date under this section for an annuity contract that provides for flexible considerations, the 10th anniversary of the contract is determined separately for each consideration.
Nev. Rev. Stat. § 688C.480 — NV Code / Title 57 / Chapter 688C / Section 688C.480
Confidentiality and disclosure of certain documents and information regarding felonious acts
Status: in_force

1. Except as otherwise provided in NRS 239.0115 , a document or information furnished pursuant to NRS 688C.470 or obtained by the Commissioner in an investigation of an actual or suspected violation of NRS 688C.450 is confidential and privileged, is not a public record and is not subject to discovery or subpoena in a civil action or criminal prosecution.

2. Subsection 1 does not prohibit the Commissioner from disclosing documents or evidence so furnished or obtained: (a) In an administrative or judicial proceeding to enforce a statute administered by the Commissioner; (b) To another federal, state or local law enforcement or regulatory officer, another person involved in the prevention or detection of violations of NRS 688C.450 , or similar offenses, or the National Association of Insurance Commissioners; or (c) To a person engaged in the business of viatical settlements who is aggrieved by the violation.

3. Disclosure of a document or evidence under subsection 2 does not abrogate or modify the privilege covering it under subsection 1.
Nev. Rev. Stat. § 687B.876 — NV Code / Title 57 / Chapter 687B / Section 687B.876
“Provider of health care” defined
Status: in_force

“Provider of health care” has the meaning ascribed to it in NRS 687B.660 .
Nev. Rev. Stat. § 685A.120 — NV Code / Title 57 / Chapter 685A / Section 685A.120
Licensing of brokers; period of validity, expiration and renewal of license; fees
Status: in_force

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

1. No person may act as, hold himself or herself out as or be a surplus lines broker with respect to subjects of insurance for which this State is the insured's home state unless the person is licensed as such by the Commissioner pursuant to this chapter.

2. Any person who has been licensed by this State as a producer of insurance for general lines for at least 6 months, or has been licensed in another state as a surplus lines broker and continues to be licensed in that state, and who is deemed by the Commissioner to be competent and trustworthy with respect to the handling of surplus lines may be licensed as a surplus lines broker upon: (a) Application for a license and payment of all applicable fees for a license; (b) Submitting the statement required pursuant to NRS 685A.127 ; and (c) Passing any examination prescribed by the Commissioner on the subject of surplus lines.

3. An application for a license must be submitted to the Commissioner on a form designated and furnished by the Commissioner. The application must include the social security number of the applicant.

4. A license issued or renewed pursuant to this chapter continues in force for 3 years unless it is suspended, revoked or otherwise terminated. The license may be renewed upon submission of the statement required pursuant to NRS 685A.127 and payment of all applicable fees for renewal to the Commissioner on or before the renewal date for the license.

5. A license which is not renewed expires on the renewal date. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the license if the request is accompanied by: (a) The statement required pursuant to NRS 685A.127 ; (b) All applicable fees for renewal; and (c) A penalty in an amount that is equal to 50 percent of all applicable fees for renewal, except for any fee required pursuant to NRS 680C.110 .

6. 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. § 686B.040 — NV Code / Title 57 / Chapter 686B / Section 686B.040
Exemptions
Status: in_force

1. Except as otherwise provided in subsection 2, the Commissioner may by rule exempt any person or class of persons or any market segment from any or all of the provisions of NRS 686B.010 to 686B.1799 , inclusive, if and to the extent that the Commissioner finds their application unnecessary to achieve the purposes of those sections.

2. The Commissioner may not, by rule or otherwise, exempt an insurer from the provisions of NRS 686B.010 to 686B.1799 , inclusive, with regard 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.
Nev. Rev. Stat. § 696C.160 — NV Code / Title 57 / Chapter 696C / Section 696C.160
Regulations; employment of staff by Commissioner; payment by insurer of costs of such staff and administrative supervisor
Status: in_force

The Commissioner may:

1. Adopt any regulations necessary to carry out the purposes and provisions of this chapter;

2. In addition to an administrative supervisor designated by the Commissioner pursuant to subsection 1 of NRS 696C.110 , employ any other counsels, actuaries, clerks and assistants as the Commissioner deems necessary for the administrative supervision of an insurer; and

3. Require an insurer placed under administrative supervision to pay the compensation and expenses of the administrative supervisor designated by the Commissioner pursuant to subsection 1 of NRS 696C.110 and any other counsels, actuaries, clerks and assistants described in subsection 2.
Nev. Rev. Stat. § 687B.270 — NV Code / Title 57 / Chapter 687B / Section 687B.270
Exemption of proceeds: Health insurance
Status: in_force

1. Except as otherwise expressly provided by the policy or contract, the proceeds and avails of all contracts of health insurance and of provisions providing benefits on account of the disability of the insured which are supplemental to life insurance or annuity contracts effected before, on or after January 1, 1972, are exempt from all liability for any debt of the insured, and from any debt of the beneficiary existing at the time the proceeds are made available for the use of the beneficiary.

2. This section does not apply to insurance issued pursuant to this Code to a creditor covering his or her debtors to the extent that such proceeds are applied to payment of the obligation for the purpose of which the insurance was so issued.
Nev. Rev. Stat. § 686C.380 — NV Code / Title 57 / Chapter 686C / Section 686C.380
Actions arising under chapter: Venue; appeal bond not required of Association
Status: in_force

Venue in an action against the Association arising under this chapter lies in Washoe County. No appeal bond may be required of the Association in an appeal that relates to a cause of action arising under this chapter.
Nev. Rev. Stat. § 681A.130 — NV Code / Title 57 / Chapter 681A / Section 681A.130
Regulations
Status: in_force

The Commissioner may adopt regulations to carry out the provisions of NRS 681A.110 to 681A.560 , inclusive.
Nev. Rev. Stat. § 695B.257 — NV Code / Title 57 / Chapter 695B / Section 695B.257
Notice of conversion privilege
Status: in_force

A notification of the conversion privilege must be included in each certificate of coverage. A written notice of the existence of the conversion privilege must also be given to the employee or member at least 15 days before the expiration of the 31 days permitted a person to make a written application for the converted contract. If written notice of the right to convert is not given as required under this section, an additional period must be allowed the person to apply for the converted contract. The additional period expires 15 days after written notice of the conversion privilege has been given, or 60 days after the expiration of the 31-day period, whichever is earlier.
Nev. Rev. Stat. § 689.137 — NV Code / Title 57 / Chapter 689 / Section 689.137
“Trust liability” defined
Status: in_force

“ Trust liability ” means 100 percent of the purchase price after deducting commissions.
Nev. Rev. Stat. § 688A.370 — NV Code / Title 57 / Chapter 688A / Section 688A.370
Reinstatement; benefits for disability or accidental death
Status: in_force

1. A reinstated policy of life insurance or an annuity contract may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement and with the same conditions and exceptions as the policy provides with respect to contestability after original issuance.

2. When any life insurance policy or annuity contract is reinstated such reinstated policy or contract may exclude or restrict liability to the same extent that such liability could have been or was excluded or restricted when the policy or contract was originally issued, and such exclusion or restriction shall be effective from the date of reinstatement.

3. After 3 years from the date of issue of a life insurance policy or of a supplemental contract thereto providing total and permanent disability benefits or additional benefits in the event of death by accident or accidental means, no misstatements, except fraudulent misstatements, made by the applicant in the application for the policy shall be used to deny a claim for such total and permanent disability commencing, or for such additional benefits in the event of death by accident or accidental means occurring, after the expiration of such 3-year period. This subsection shall not be so construed as to preclude the assertion at any time of defenses based upon provisions with respect to such benefits which exclude or restrict coverage.
Nev. Rev. Stat. § 694C.410 — NV Code / Title 57 / Chapter 694C / Section 694C.410
Examinations: Conducted by Commissioner; frequency; Commissioner authorized to obtain professional services; cost
Status: in_force

1. Except as otherwise provided in this section, at least once every 3 years, and at such other times as the Commissioner determines necessary, the Commissioner, or a designee of the Commissioner, shall visit each captive insurer and thoroughly inspect and examine the affairs of the captive insurer to ascertain: (a) The financial condition of the captive insurer; (b) The ability of the captive insurer to fulfill its obligations; and (c) Whether the captive insurer has complied with the provisions of this chapter and the regulations adopted pursuant thereto.

2. Upon the application of a captive insurer, the Commissioner may conduct the visits required pursuant to subsection 1 every 5 years if the captive insurer conducts comprehensive annual audits: (a) The scope of which is satisfactory to the Commissioner; and (b) Which are conducted by an independent auditor appointed by the Commissioner.

3. The provisions of subsections 1 and 2 do not apply to a pure captive insurer. The Commissioner may conduct an examination of a pure captive insurer at any reasonable time to ascertain: (a) The financial condition of the pure captive insurer; (b) The ability of the pure captive insurer to fulfill its obligations; and (c) Whether the pure captive insurer has complied with the provisions of this chapter and the regulations adopted pursuant thereto.

4. The Commissioner may contract to obtain legal, financial and examination services from outside the Division to conduct the examination and make recommendations to the Commissioner. The cost of the examination must be paid to the Commissioner by the captive insurer.

5. The provisions of NRS 679B.230 to 679B.287 , inclusive, apply to examinations conducted pursuant to this section.
Nev. Rev. Stat. § 689A.755 — NV Code / Title 57 / Chapter 689A / Section 689A.755
Written notice required to be provided by insurer to insured explaining right to file complaint; written notice to insured required when insurer denies coverage of health care service
Status: in_force

1. Following approval by the Commissioner, each insurer that issues a policy of health insurance in this State shall provide written notice to an insured, in clear and comprehensible language that is understandable to an ordinary layperson, explaining the right of the insured to file a written complaint. Such notice must be provided to an insured: (a) At the time the insured receives his or her evidence of coverage; (b) Any time that the insurer denies coverage of a health care service or limits coverage of a health care service to an insured; and (c) Any other time deemed necessary by the Commissioner.

2. Any time that an insurer denies coverage of a health care service to an insured, including, without limitation, denying a claim relating to a policy of health insurance pursuant to NRS 689A.410 , it shall notify the insured in writing within 10 working days after it denies coverage of the health care service of: (a) The reason for denying coverage of the service; (b) The criteria by which the insurer determines whether to authorize or deny coverage of the health care service; and (c) The right of the insured to file a written complaint and the procedure for filing such a complaint.

3. A written notice which is approved by the Commissioner shall be deemed to be in clear and comprehensible language that is understandable to an ordinary layperson.
Nev. Rev. Stat. § 689A.033 — NV Code / Title 57 / Chapter 689A / Section 689A.033
Insurer prohibited from discriminating against person with respect to participation or coverage on basis of gender identity or expression
Status: in_force

An insurer that issues a policy of health insurance shall not discriminate against any person with respect to participation or coverage under the policy on the basis of actual or perceived gender identity or expression. Prohibited discrimination includes, without limitation:

1. Denying, cancelling, limiting or refusing to issue or renew a policy of health insurance on the basis of the actual or perceived gender identity or expression of a person or a family member of the person;

2. Imposing a payment or premium that is based on the actual or perceived gender identity or expression of an insured or a family member of the insured;

3. Designating the actual or perceived gender identity or expression of a person or a family member of the person as grounds to deny, cancel or limit participation or coverage; and

4. Denying, cancelling or limiting participation or coverage on the basis of actual or perceived gender identity or expression, including, without limitation, by limiting or denying coverage for health care services that are: (a) Related to gender transition, provided that there is coverage under the policy for the services when the services are not related to gender transition; or (b) Ordinarily or exclusively available to persons of any sex.
Nev. Rev. Stat. § 689B.0385 — NV Code / Title 57 / Chapter 689B / Section 689B.0385
Reimbursement for treatments by licensed associate in social work, social worker, master social worker, independent social worker or clinical social worker
Status: in_force

If any policy of group health insurance provides coverage for treatment of an illness which is within the authorized scope of the practice of a licensed associate in social work, a social worker, a master social worker, an independent social worker or a clinical social worker, the insured is entitled to reimbursement for treatment by an associate in social work, a social worker, a master social worker, an independent social worker or a clinical social worker who is licensed pursuant to chapter 641B of NRS .
Nev. Rev. Stat. § 694C.350 — NV Code / Title 57 / Chapter 694C / Section 694C.350
Reinsurance; credit for reserves on risks or portions of risks in certain circumstances; plan for workers' compensation deemed reinsurance in certain circumstances
Status: in_force

1. A captive insurer may provide reinsurance on risks ceded by any other insurer.

2. A captive insurer may take credit for reserves on risks or portions of risks ceded to a reinsurer that is in compliance with NRS 681A.140 to 681A.240 , inclusive. A captive insurer shall not take credit for reserves on risks or portions of risks ceded to a reinsurer if the reinsurer is not in compliance with NRS 681A.140 to 681A.240 , inclusive.

3. The Commissioner may authorize a captive insurer to take credit for reserves on risks or portions of risks ceded to a pool, an exchange or an association acting as a reinsurer. The Commissioner may require such documents, financial information or other evidence as the Commissioner determines necessary to show that the pool, exchange or association will be able to provide adequate security for its financial obligations. The Commissioner may deny authorization or impose any limitations on the activities of a reinsurance pool, exchange or association that, in the judgment of the Commissioner, are necessary and proper to provide adequate security for the ceding captive insurer and for the protection and benefit of the general public.

4. For the purposes of this chapter, insurance provided by a captive insurer of any plan for workers' compensation of its parent and affiliated companies which is certified or otherwise qualified in the state in which the insurance is provided as a self-insurance plan shall be deemed to be reinsurance.
Nev. Rev. Stat. § 696A.090 — NV Code / Title 57 / Chapter 696A / Section 696A.090
Purpose and conditions of security
Status: in_force

Such security shall:

1. Be for the protection, use and benefit of all persons whose applications for membership in a motor club have been accepted by such club or its representative.

2. Be subject to the following conditions and, if a bond, shall be so expressly conditioned: (a) The club will faithfully furnish and render to such persons any and all of the motor club services sold or offered for sale by it. (b) The club will pay any fines, fees or penalties imposed upon it under or pursuant to this chapter.
Nev. Rev. Stat. § 691E.130 — NV Code / Title 57 / Chapter 691E / Section 691E.130
“Solicit” defined
Status: in_force

“ Solicit ” has the meaning ascribed to it in NRS 683A.074 .
Nev. Rev. Stat. § 690B.425 — NV Code / Title 57 / Chapter 690B / Section 690B.425
“Transportation network company insurance” defined
Status: in_force

“ Transportation network company insurance ” means a policy of insurance that includes coverage specifically for the use of a vehicle by a driver or monitored autonomous vehicle provider pursuant to NRS 690B.400 to 690B.495 , inclusive.
Nev. Rev. Stat. § 695I.100 — NV Code / Title 57 / Chapter 695I / Section 695I.100
“Qualified small employer” defined
Status: in_force

“ Qualified small employer ” means a small employer that chooses to make all of its full-time employees eligible for one or more qualified health plans offered through the Exchange to assist qualified small employers in Nevada in facilitating the enrollment of their employees in qualified health plans offered in the small group market, if the employer:

1. Has its principal place of business in Nevada and chooses to provide coverage through the Exchange to all of its eligible employees, regardless of where those employees are employed; or

2. Regardless of the location of its principal place of business, chooses to provide coverage through the Exchange to all of its eligible employees who are principally employed in Nevada.
Nev. Rev. Stat. § 689C.075 — NV Code / Title 57 / Chapter 689C / Section 689C.075
“Health benefit plan” defined
Status: in_force

“ Health benefit plan ” has the meaning ascribed to it in NRS 687B.470 .
Nev. Rev. Stat. § 695B.200 — NV Code / Title 57 / Chapter 695B / Section 695B.200
Group contracts written under master contract: Conditions required for issuance
Status: in_force

Group hospital or group medical or dental service contracts written under a master hospital or medical or dental service contract may be issued to cover groups of two or more persons, formed for a purpose other than of obtaining insurance.
Nev. Rev. Stat. § 686B.1753 — NV Code / Title 57 / Chapter 686B / Section 686B.1753
“Basic premium rate” defined
Status: in_force

“ Basic premium rate ” means the portion of a rate attributable to the cost of losses per unit of exposure and includes the expense of adjusting those losses.
Nev. Rev. Stat. § 687B.696 — NV Code / Title 57 / Chapter 687B / Section 687B.696
Access to services and contractual discounts of a provider of health care: Information required to be provided to health carrier and providers of health care by third parties; update of information
Status: in_force

1. A third party shall inform the health carrier and providers of health care under the provider network contract of the health carrier of the location of a website, toll-free number, or other readily available mechanism to identify the name of a person or entity to which the third party subsequently grants access to the services and contractual discounts of the provider of health care pursuant to the provider network contract.

2. The website must be updated on a routine basis when additional persons or entities are granted access. The website must be updated every 90 days to reflect all current persons and entities with access. Upon request, a health carrier shall make access to information available to a provider of health care via telephone or through direct notification.
Nev. Rev. Stat. § 681A.540 — NV Code / Title 57 / Chapter 681A / Section 681A.540
Managers: Prohibited acts
Status: in_force

A manager for reinsurance shall not:

1. Except as otherwise provided in this section, cede retrocessions on behalf of the reinsurer. A manager for reinsurance may cede facultative retrocessions pursuant to facultative agreements if the contract with the reinsurer contains guidelines for underwriting the retrocessions. The guidelines must include a list of reinsurers with which automatic agreements are in effect, and for each reinsurer, the coverages and amounts or percentages that may be reinsured, and commission schedules.

2. Commit the reinsurer to participate in syndicates for reinsurance.

3. Appoint any producer without verifying that the producer is licensed to transact the type of reinsurance for which the producer is appointed.

4. Without approval of the reinsurer, pay or commit the reinsurer to pay a claim, net of retrocessions, that exceeds the lesser of an amount specified by the reinsurer or 1 percent of the policyholder's surplus of the reinsurer as of December 31 of the last complete calendar year.

5. Collect any payment from a retrocessionaire or commit the reinsurer to any settlement of a claim with a retrocessionaire, without the approval of the reinsurer. If approval is given, the manager for reinsurance shall promptly forward a report to the reinsurer.

6. Employ a person who is employed by the reinsurer unless the manager for reinsurance is under common control with the reinsurer within the meaning of chapter 692C of NRS .

7. Appoint another person to act as a manager for reinsurance.
Nev. Rev. Stat. § 692A.050 — NV Code / Title 57 / Chapter 692A / Section 692A.050
“Single risk” defined
Status: in_force

“ Single risk ” means the insured amount of any policy or contract of title insurance issued by a title insurer unless two or more policies or contracts are simultaneously issued on different estates in identical real property, in which event it means the sum of the insured amounts of all such policies or contracts. Any policy or contract which insures a mortgage interest that is excepted in a fee or leasehold policy or contract, and which does not exceed the insured amount of the fee or leasehold policy or contract, shall be excluded in computing the amount of a single insurance risk.
Nev. Rev. Stat. § 679B.420 — NV Code / Title 57 / Chapter 679B / Section 679B.420
Employment of technical and professional consultants
Status: in_force

The Commissioner may employ and fix the compensation of, and enter into agreements with, such technical and professional consultants as the Commissioner deems necessary to accomplish the purposes of NRS 679B.400 to 679B.460 , inclusive.
Nev. Rev. Stat. § 695G.120 — NV Code / Title 57 / Chapter 695G / Section 695G.120
Utilization review: Development and maintenance of written policies and procedures for use by managed care organization and subcontractors
Status: in_force

Each managed care organization shall:

1. Develop and maintain written policies and procedures setting forth the manner in which it conducts utilization review; and

2. Require any person with whom it subcontracts to provide utilization review to use the same policies and procedures developed pursuant to subsection 1.
Nev. Rev. Stat. § 695B.160 — NV Code / Title 57 / Chapter 695B / Section 695B.160
Annual statement of condition and affairs; annual financial statement; quarterly statement; fees; examination by Commissioner
Status: in_force

1. Every corporation subject to the provisions of this chapter shall annually: (a) On or before March 1, file in the Office of the Commissioner a statement verified by at least two of the principal officers of the corporation, showing its condition and affairs as of December 31 of the preceding calendar year. The statement must be in the form required by the Commissioner and must contain statements relative to the matters required to be established as a condition precedent to maintaining or operating a nonprofit hospital, medical or dental service plan and to other matters which the Commissioner may prescribe. (b) Pay all applicable fees for the renewal of a certificate of authority and the fee for the filing of an annual statement.

2. Every corporation subject to the provisions of this chapter shall file a financial statement pursuant to NRS 680A.265 , as required pursuant to paragraph (c) of subsection 1 of NRS 680A.265 .

3. Every corporation subject to the provisions of this chapter shall file with the Commissioner and the National Association of Insurance Commissioners a quarterly statement in the form most recently adopted by the National Association of Insurance Commissioners for that type of insurer. The quarterly statement must be: (a) Prepared in accordance with the instructions which are applicable to that form, including, without limitation, the required date of submission for the form; and (b) Filed by electronic means.

4. The Commissioner may examine, as often as the Commissioner deems it desirable, the affairs of every corporation subject to the provisions of this chapter. The Commissioner shall, if practicable, examine each such corporation at least once in every 3 years, and in any event, at least once in every 5 years, as to its condition, fulfillment of its contractual obligations and compliance with applicable laws. The actual expenses of the examination must be paid by the corporation in accordance with the provisions of NRS 679B.290 . The Commissioner shall refuse to issue a certificate of authority or shall revoke a certificate of authority issued to any corporation which neglects or refuses to pay such expenses.
Nev. Rev. Stat. § 685A.034 — NV Code / Title 57 / Chapter 685A / Section 685A.034
“Home state” defined
Status: in_force

“ Home state ” means:

1. For an insured: (a) The state in which the insured maintains its principal place of business or, in the case of an individual, the individual's principal residence; or (b) If 100 percent of the insured risk is located outside of the state determined pursuant to paragraph (a), the state to which the greatest percentage of the insured's taxable premium for that insurance contract is allocated.

2. If more than one insured from an affiliated group is a named insured on a single nonadmitted insurance contract, the state determined pursuant to paragraph (a) of subsection 1 for the member of the affiliated group that has the largest percentage of premium attributed to it under the nonadmitted insurance contract.

3. For a policy of group insurance: (a) If the group policyholder pays 100 percent of the premium from its own funds, the state determined pursuant to paragraph (a) of subsection 1 for the group policyholder. (b) If the group policyholder does not pay 100 percent of the premium from its own funds, the state determined pursuant to paragraph (a) of subsection 1 for the group member.
Nev. Rev. Stat. § 688A.367 — NV Code / Title 57 / Chapter 688A / Section 688A.367
Minimum nonforfeiture benefits for contracts providing both annuity and life insurance benefits
Status: in_force

For any contract which provides, within the same contract by rider or supplemental contract provision, both annuity benefits and life insurance benefits which are in excess of the greater of cash surrender benefits or a return of the gross considerations with interest, the minimum nonforfeiture benefits shall be equal to the sum of the minimum nonforfeiture benefits for the annuity portion and the minimum nonforfeiture benefits, if any, for the life insurance portion computed as if each portion were a separate contract. Any additional benefits payable:

1. In the event of total and permanent disability;

2. As reversionary annuity or deferred reversionary annuity benefits; or

3. As other policy benefits additional to life insurance, endowment and annuity benefits,

and considerations for all such additional benefits shall be disregarded in ascertaining the minimum nonforfeiture amounts, paid-up annuity, cash surrender and death benefits which may be required by NRS 688A.361 to 688A.369 , inclusive. The inclusion of such additional benefits shall not be required in any paid-up benefits, unless the additional benefits separately would require minimum nonforfeiture amounts, paid-up annuity, cash surrender and death benefits.
Nev. Rev. Stat. § 692A.270 — NV Code / Title 57 / Chapter 692A / Section 692A.270
Applicability of other provisions to title insurers, title agents and escrow officers
Status: in_force

The provisions of NRS 683A.321 , 683A.331 , 683A.341 , 683A.400 , 683A.451 to 683A.490 , inclusive, and 683A.520 apply to title insurers, title agents and escrow officers.
Nev. Rev. Stat. § 695E.030 — NV Code / Title 57 / Chapter 695E / Section 695E.030
“Completed operations liability” defined
Status: in_force

1. “Completed operations liability” means liability arising out of the installation, maintenance or repair of any product at a site that is not owned or controlled by: (a) Any person who performs the work; or (b) Any person who hires an independent contractor to perform the work.

2. The term includes liability for activities that are completed or abandoned before the occurrence giving rise to the liability.
Nev. Rev. Stat. § 695E.010 — NV Code / Title 57 / Chapter 695E / Section 695E.010
Statement of purpose
Status: in_force

The purpose of this chapter is to regulate the formation and operation in this state of organizations formed pursuant to the provisions of the Liability Risk Retention Act of 1986. 1

1 15 U.S.C.A. § 3901 et seq.
Nev. Rev. Stat. § 695G.1716 — NV Code / Title 57 / Chapter 695G / Section 695G.1716
Health care plan covering maternity care: Prohibited acts by managed care organization if insured is acting as gestational carrier; child deemed child of intended parent for purposes of plan
Status: in_force

1. A managed care organization that offers or issues a health care plan that includes coverage for maternity care shall not deny, limit or seek reimbursement for maternity care because the insured is acting as a gestational carrier.

2. If an insured acts as a gestational carrier, the child shall be deemed to be a child of the intended parent, as defined in NRS 126.590 , for purposes related to the health care plan.

3. As used in this section, “ gestational carrier ” has the meaning ascribed to it in NRS 126.580 .
Nev. Rev. Stat. § 695F.470 — NV Code / Title 57 / Chapter 695F / Section 695F.470
Organization required to authorize enrollment of child of parent who is required by order to provide medical coverage under certain circumstances; termination of coverage of child
Status: in_force

If a parent is required by an order for medical coverage to provide coverage for a child and the parent is eligible for coverage of members of the family of the parent under any evidence of coverage, the prepaid limited health service organization that issued the evidence of coverage:

1. Shall, if the child is otherwise eligible for that coverage, allow the parent to enroll the child in that coverage without regard to any restrictions upon periods for enrollment.

2. Shall, if: (a) The child is otherwise eligible for that coverage; and (b) The parent is enrolled in that coverage but fails to apply for enrollment of the child, enroll the child in that coverage upon application by the other parent of the child, or by an agency of this or another state responsible for the administration of Medicaid or a state program for the enforcement of child support established pursuant to 42 U.S.C. §§ 651 et seq., without regard to any restrictions upon periods for enrollment.

3. Shall not terminate the enrollment of the child in that coverage or otherwise eliminate that coverage of the child unless the prepaid limited health service organization has written proof that: (a) The order for medical coverage is no longer in effect; or (b) The child is or will be enrolled in comparable coverage through another insurer on or before the effective date of the termination of enrollment or elimination of coverage.
Nev. Rev. Stat. § 684B.070 — NV Code / Title 57 / Chapter 684B / Section 684B.070
Form and contents of license
Status: in_force

The Commissioner shall prescribe the form of the motor vehicle physical damage appraiser license, which must state:

1. The licensee's name and business address;

2. The date of issuance and the general conditions as to expiration and termination of the license;

3. That the bond required by NRS 684B.030 has been filed; and

4. Such other conditions as the Commissioner deems proper.
Nev. Rev. Stat. § 681A.530 — NV Code / Title 57 / Chapter 681A / Section 681A.530
Managers: Maintenance of records of transactions; access to accounts and records by reinsurer
Status: in_force

1. For at least 10 years after expiration of each contract of reinsurance transacted by a manager for reinsurance, the manager for reinsurance shall keep a complete record for each transaction, including evidence of: (a) The type of contract, limits, underwriting restrictions, classes or risks and territory; (b) The period of coverage, including effective and expiration dates, provisions concerning cancellation and notice of cancellation, and disposition of outstanding reserves on covered risks; (c) The requirements for reporting and settling balances; (d) The rate used to compute the reinsurance premium; (e) The names and addresses of reinsurers; (f) The rates of all commissions for reinsurance, including the commissions on any retrocessions handled by the manager for reinsurance; (g) Any related correspondence and memoranda; (h) Proof of placement; (i) Any details regarding retrocessions handled by the manager for reinsurance, including the identity of retrocessionaires and percentage of each contract assumed or ceded; (j) Financial records, including accounts of premium and loss; and (k) If the manager for reinsurance places a contract of reinsurance on behalf of a ceding insurer: (1) Directly from any assuming reinsurer, written evidence that the assuming reinsurer has agreed to assume the risk; or (2) Through a representative of the assuming reinsurer, other than an employee, written evidence that the reinsurer has delegated binding authority to the representative.

2. The manager for reinsurance shall allow a reinsurer to have access and to copy all accounts and records maintained by the manager for reinsurance related to its business in a form usable by the reinsurer.
Nev. Rev. Stat. § 695G.415 — NV Code / Title 57 / Chapter 695G / Section 695G.415
Managed care organization prohibited from discriminating against person with respect to participation or coverage on basis of gender identity or expression
Status: in_force

A managed care organization that issues a health care plan shall not discriminate against any person with respect to participation or coverage under the plan on the basis of actual or perceived gender identity or expression. Prohibited discrimination includes, without limitation:

1. Denying, cancelling, limiting or refusing to issue or renew a health care plan on the basis of the actual or perceived gender identity or expression of a person or a family member of the person;

2. Imposing a payment or premium that is based on the actual or perceived gender identity or expression of an insured or a family member of the insured;

3. Designating the actual or perceived gender identity or expression of a person or a family member of the person as grounds to deny, cancel or limit participation or coverage; and

4. Denying, cancelling or limiting participation or coverage on the basis of actual or perceived gender identity or expression, including, without limitation, by limiting or denying coverage for health care services that are: (a) Related to gender transition, provided that there is coverage under the plan for the services when the services are not related to gender transition; or (b) Ordinarily or exclusively available to persons of any sex.
Nev. Rev. Stat. § 691E.070 — NV Code / Title 57 / Chapter 691E / Section 691E.070
“Group travel insurance” defined
Status: in_force

“ Group travel insurance ” means travel insurance issued to any eligible group.
Nev. Rev. Stat. § 695C.1701 — NV Code / Title 57 / Chapter 695C / Section 695C.1701
Health maintenance organization required to offer and issue plan regardless of health status of persons; prohibited acts; authority to include wellness program in plan that offers discounts based on health status under certain circumstances
Status: in_force

1. A health maintenance organization shall offer and issue a health benefit plan to any person regardless of the health status of the person or any dependent of the person. Such health status includes, without limitation: (a) Any preexisting medical condition of the person, including, without limitation, any physical or mental illness; (b) The claims history of the person, including, without limitation, any prior health care services received by the person; (c) Genetic information relating to the person; and (d) Any increased risk for illness, injury or any other medical condition of the person, including, without limitation, any medical condition caused by an act of domestic violence.

2. A health maintenance organization that offers or issues a health benefit plan shall not: (a) Deny, limit or exclude a covered benefit based on the health status of an enrollee; or (b) Require an enrollee, as a condition of enrollment or renewal, to pay a premium, deductible, copay or coinsurance based on his or her health status which is greater than the premium, deductible, copay or coinsurance charged to a similarly situated enrollee who does not have such a health status.

3. A health maintenance organization that offers or issues a health benefit plan shall not adjust a premium, deductible, copay or coinsurance for any enrollee on the basis of genetic information relating to the enrollee or the covered dependent of the enrollee.

4. A health maintenance organization that offers or issues a health benefit plan may include in the plan a wellness program that reduces a premium, deductible or copayment based on health status if: (a) An enrollee who is eligible to participate in the wellness program is given the opportunity to qualify for the discount at least once each year; (b) The amount of all discounts provided pursuant to such a wellness program does not exceed 30 percent, or if the program is designed to prevent or reduce tobacco use, 50 percent, of the cost of coverage for an enrollee or an enrollee and his or her dependents, as applicable, under the plan; (c) The wellness program is reasonably designed to promote health or prevent disease; (d) The health maintenance organization ensures that the full discount under the wellness program is available to all similarly situated enrollees by providing a reasonable alternative standard by which an enrollee may qualify for the discount which, if based on health status, must accommodate the recommendations of the physician of the enrollee; and (e) The plan discloses in all plan materials describing the terms of the wellness program, and in any disclosure that an enrollee did not satisfy the initial standard to be eligible for the discount, the availability of a reasonable alternative standard described in paragraph (d).

5. As used in this section, “health benefit plan” has the meaning ascribed to it in NRS 687B.470 .
Nev. Rev. Stat. § 690A.012 — NV Code / Title 57 / Chapter 690A / Section 690A.012
“Compensation” defined
Status: in_force

“ Compensation ” means any valuable consideration, direct or indirect, paid by or on behalf of the insurer, or by any subsidiary or parent, or subsidiary of the parent of the insurer, or by any other person to or on behalf of any group policyholder or producer or withheld from an insurer by any group policyholder or producer, and includes:

1. Paid or credited commissions or contingent commissions.

2. Fees for services, consulting fees or any other fee paid or credited within or outside this State in direct relation to the volume of premiums produced or written in this State.

3. The use of electronic data processing equipment or services, except for devices provided in lieu of books and charts of rates and refunds usable only for that purpose.

4. The furnishing of supplies, except forms approved by the Commissioner, the usual forms for claims and reports, envelopes for transmitting claims and brochures, and books and charts of rates and refunds.

5. Providing rental equipment of any type.

6. Advertising.

7. Providing telephone service without charge or at a charge less than the usual cost.

8. Participation in a profit-sharing plan.

9. Dividends and refunds or credits based on experience ratings.

10. An allowance for expenses.

11. Participation in stock plans or bonuses.

12. Any form of credit, including the use of money.

13. Commissions for reinsurance, ceded or assumed.

14. Reinsurance with a nonauthorized insurer owned or controlled by a creditor or producer or with a nonauthorized insurer in which a creditor or producer is a stockholder.

15. Any commission or fee, inducement or intention to induce, or any other consideration arising from the sale of insurance or other product or service, except consumer credit insurance as part of the transaction in which the indebtedness is arranged or the application for the consumer credit insurance is made.
Nev. Rev. Stat. § 689C.104 — NV Code / Title 57 / Chapter 689C / Section 689C.104
“Voluntary purchasing group” defined
Status: in_force

“ Voluntary purchasing group ” means the employers and their eligible employees and dependents who form a group pursuant to NRS 689C.360 to 689C.600 , inclusive, and hold a certificate of registration issued by the Commissioner pursuant to NRS 689C.510 .
Nev. Rev. Stat. § 695C.172 — NV Code / Title 57 / Chapter 695C / Section 695C.172
Evidence of coverage containing exclusion, reduction or limitation of coverage relating to complications of pregnancy; prohibited acts; exception
Status: in_force

1. No health maintenance organization may issue evidence of coverage under a health care plan to any enrollee in this state if it contains any exclusion, reduction or other limitation of coverage relating to complications of pregnancy unless the provision applies generally to all benefits payable under the policy and complies with the provisions of NRS 689B.340 to 689B.580 , inclusive, and chapter 689C of NRS relating to the portability and accountability of health insurance.

2. As used in this section, the term “ complications of pregnancy ” includes any condition which requires hospital confinement for medical treatment and: (a) If the pregnancy is not terminated, is caused by an injury or sickness not directly related to the pregnancy or by acute nephritis, nephrosis, cardiac decompensation, missed abortion or similar medically diagnosed conditions; or (b) If the pregnancy is terminated, results in nonelective cesarean section, ectopic pregnancy or spontaneous termination.

3. Evidence of coverage under a health care plan subject to the provisions of this chapter which is issued on or after July 1, 1977, has the legal effect of including the coverage required by this section, and any provision which is in conflict with this section is void.
Nev. Rev. Stat. § 695K.080 — NV Code / Title 57 / Chapter 695K / Section 695K.080
“Provider of health care” defined
Status: in_force

<Section effective Jan. 1, 2026.>

“Provider of health care” has the meaning ascribed to it in NRS 695G.070 .
Nev. Rev. Stat. § 679A.075 — NV Code / Title 57 / Chapter 679A / Section 679A.075
“Crash” defined
Status: in_force

The term “ crash ” has the same meaning as an incident or event previously referred to as an “accident” when used in reference to motor vehicles.
Nev. Rev. Stat. § 693A.660 — NV Code / Title 57 / Chapter 693A / Section 693A.660
Judicial review of final order of Commissioner
Status: in_force

Any person aggrieved by a final order of the Commissioner issued pursuant to the provisions of NRS 693A.550 to 693A.665 , inclusive, may petition for judicial review in the manner provided by chapter 233B of NRS .
Nev. Rev. Stat. § 679B.540 — NV Code / Title 57 / Chapter 679B / Section 679B.540
“Insurer” defined
Status: in_force

“Insurer” means any insurer or organization authorized pursuant to this title to conduct business in this state that provides or arranges for the provision of health care services, including, without limitation, an insurer that issues a policy of health insurance, an insurer that issues a policy of group health insurance, a carrier serving small employers, a fraternal benefit society, a hospital or medical service corporation, a health maintenance organization, a plan for dental care and a prepaid limited health service organization.
Nev. Rev. Stat. § 695C.060 — NV Code / Title 57 / Chapter 695C / Section 695C.060
Establishment of health maintenance organization
Status: in_force

1. Any person may apply to the Commissioner for and obtain a certificate of authority to establish and operate a health maintenance organization in compliance with this chapter. No person shall operate a health maintenance organization without obtaining a certificate of authority under this chapter. A foreign corporation may qualify under this chapter, subject to its qualification to do business in this state as a foreign corporation.

2. No person shall be certified to establish or operate a health maintenance organization in this state, nor sell or offer to sell, or solicit offers to purchase or receive advance or periodic consideration in conjunction with health care plans unless such health maintenance organization provides or arranges for the provision of comprehensive health care services.

3. Every health maintenance organization or person operating a health maintenance organization shall submit an application for a certificate of authority under NRS 695C.070 within 30 days after July 1, 1973. Each such applicant may continue to operate until the Commissioner acts upon the application. In the event that an application is denied under NRS 695C.090 and 695C.100 , the applicant shall thereafter be treated as a health maintenance organization whose certificate of authority has been revoked. For purposes of this subsection, a health maintenance organization shall be deemed to be in operation only if health care services are being provided to the public generally or to some group or groups thereof.
Nev. Rev. Stat. § 684A.135 — NV Code / Title 57 / Chapter 684A / Section 684A.135
Renewal of license: Continuing education
Status: in_force

1. Except as otherwise provided in subsection 2, an individual who holds a license as an adjuster must satisfactorily complete a minimum of 24 hours of courses of continuing education, of which 3 hours must be in ethics, which are reported to the Commissioner as a condition for the renewal of his or her license.

2. This section does not apply to an individual who: (a) Holds a nonresident license as an adjuster; and (b) Has met the continuing education requirements of his or her home state.
Nev. Rev. Stat. § 693A.100 — NV Code / Title 57 / Chapter 693A / Section 693A.100
Information to stockholders and regulation of proxies: Solicitation and form of proxies
Status: in_force

1. No person shall solicit a proxy, consent or authorization in respect of any stock or other voting security of such an insurer unless he or she furnishes the person so solicited with written information reasonably adequate as to: (a) The material matters in regard to which the powers so solicited are proposed to be used; and (b) The person or persons on whose behalf the solicitation is made, and the interest of such person or persons in relation to such matters.

2. No person shall so furnish to another information which the informer knows or has reason to believe is false or misleading as to any material fact, or which fails to state any material fact reasonably necessary to prevent any other statement made from being misleading.

3. The form of all such proxies shall: (a) Conspicuously state on whose behalf the proxy is solicited; (b) Provide for dating the proxy; (c) Impartially identify each matter or group of related matters intended to be acted upon; (d) Provide means for the principal to instruct the vote of the shares of the principal as to approval or disapproval of each matter or group, other than election to office; and (e) Be legibly printed, with context suitably organized, but a proxy may confer discretionary authority as to matters as to which a choice is not specified pursuant to paragraph (d), if the form conspicuously states how it is intended to vote the proxy or authorization in each such case, and may confer discretionary authority as to other matters which may come before the meeting but unknown for a reasonable time prior to the solicitation by the persons on whose behalf the solicitation is made.

4. No proxy shall confer authority to: (a) Vote for the election of any person to any office for which a bona fide nominee is not named in the proxy statement; or (b) Vote in any annual meeting (or adjournment thereof) other than the annual meeting next following the date on which the proxy statement and form were furnished stockholders.

5. Any proxy, consent or authorization obtained in violation of, or which violates, this section or the lawful rules and regulations of the Commissioner relating thereto is void.
Nev. Rev. Stat. § 691D.020 — NV Code / Title 57 / Chapter 691D / Section 691D.020
“Customer” defined
Status: in_force

“ Customer ” means a person who acquires, by lease or purchase, portable electronics or services related to the use of portable electronics from a vendor.
Nev. Rev. Stat. § 692A.103 — NV Code / Title 57 / Chapter 692A / Section 692A.103
License as escrow officer: Application; qualifications; fees; issuance; period of validity; renewal; expiration; contents; availability for public inspection; notice of change of address; regulations
Status: in_force

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

1. A person who wishes to obtain a license as an escrow officer must: (a) File a written application in the Office of the Commissioner; (b) Except as otherwise provided in subsection 3, demonstrate competency in matters relating to escrows by: (1) Having at least 1 year of recent experience with respect to escrows of a sufficient nature to allow the person to fulfill the responsibilities of an escrow officer; or (2) Passing a written examination concerning escrows as prescribed by the Commissioner; (c) Submit the name and business address of the title agent who will supervise the escrow officer; (d) Submit the statement required pursuant to NRS 692A.1033 ; and (e) Pay the fees required by NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 .

2. The Commissioner shall issue a license as an escrow officer to any person who satisfies the requirements of subsection 1.

3. The Commissioner may waive the requirements of paragraph (b) of subsection 1 if the applicant submits with his or her application satisfactory proof that the applicant, in good standing, currently holds a license, or held a license within 1 year before the date the applicant submits the application, which was issued pursuant to the provisions of NRS 645A.020 .

4. A license issued or renewed pursuant to this chapter continues in force for 3 years unless it is suspended, revoked or otherwise terminated. The license may be renewed upon submission of the statement required pursuant to NRS 692A.1033 and payment of all applicable fees for renewal to the Commissioner on or before the renewal date for the license.

5. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the license if the request is accompanied by the statement required pursuant to NRS 692A.1033 and a fee for renewal of 150 percent of all applicable fees otherwise required, except for any fee required pursuant to NRS 680C.110 .

6. Except as otherwise provided in subsection 8, a license as an escrow officer expires if the Commissioner does not receive from the escrow officer an application for renewal pursuant to subsection 4 or 5 on or before the date which is 30 days after the renewal date.

7. The fees specified in subsections 4 and 5 are not refundable.

8. An escrow officer 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.

9. A license must state the licensee's name, address and 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.

10. 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.

11. The Commissioner shall adopt regulations to carry out the provisions of this section.

12. 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. § 684B.050 — NV Code / Title 57 / Chapter 684B / Section 684B.050
Examination not required
Status: in_force

No examination of an applicant for a license as a motor vehicle physical damage appraiser shall be required by the Commissioner.
Nev. Rev. Stat. § 695J.240 — NV Code / Title 57 / Chapter 695J / Section 695J.240
Disciplinary action
Status: in_force

1. The Commissioner may place an exchange enrollment facilitator on probation, suspend his or her certificate for not more than 12 months, or revoke or refuse to renew his or her certificate, or may impose an administrative fine or take any combination of the foregoing actions, for one or more of the causes set forth in NRS 683A.451 .

2. The provisions of NRS 683A.461 also apply to an exchange enrollment facilitator.
Nev. Rev. Stat. § 683A.178 — NV Code / Title 57 / Chapter 683A / Section 683A.178
Obligation of pharmacy benefit manager to third party or pharmacy; notice of conflicts of interest; compliance with provisions applicable to insurer
Status: in_force

1. A pharmacy benefit manager has an obligation of good faith and fair dealing toward a third party or pharmacy when performing duties pursuant to a contract to which the pharmacy benefit manager is a party. Any provision of a contract that waives or limits that obligation is against public policy, void and unenforceable.

2. A pharmacy benefit manager shall notify a third party with which it has entered into a contract in writing of any activity, policy or practice of the pharmacy benefit manager that presents a conflict of interest that interferes with the obligations imposed by subsection 1.

3. A pharmacy benefit manager that manages prescription drug benefits for an insurer licensed pursuant to this title shall comply with the provisions of this title which are applicable to the insurer when managing such benefits for the insurer.
Nev. Rev. Stat. § 679A.097 — NV Code / Title 57 / Chapter 679A / Section 679A.097
“Individual” defined
Status: in_force

An “individual” is a natural person.
Nev. Rev. Stat. § 689A.04047 — NV Code / Title 57 / Chapter 689A / Section 689A.04047
Policy covering prescription drugs: Denial of coverage prohibited for early refills of otherwise covered topical ophthalmic products
Status: in_force

1. An insurer who offers or issues a policy of health insurance which provides coverage for prescription drugs shall not deny coverage for a topical ophthalmic product which is otherwise approved for coverage by the insurer when the insured, pursuant to NRS 639.2395 , receives a refill of the product: (a) After 21 days or more but before 30 days after receiving any 30-day supply of the product; (b) After 42 days or more but before 60 days after receiving any 60-day supply of the product; or (c) After 63 days or more but before 90 days after receiving any 90-day supply of the product.

2. The provisions of this section do not affect any deductibles, copayments or coinsurance authorized or required pursuant to the policy of health insurance.

3. A policy of health insurance 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, 2016, has the legal effect of including the coverage required by this section, and any provision of the policy or renewal which is in conflict with this section is void.

4. As used in this section, “ topical ophthalmic product ” means a liquid prescription drug which is applied directly to the eye from a bottle or by means of a dropper.
Nev. Rev. Stat. § 684B.110 — NV Code / Title 57 / Chapter 684B / Section 684B.110
Suspension, revocation or limitation of or refusal to continue license: Grounds
Status: in_force

1. The Commissioner may suspend, revoke, limit or refuse to continue any motor vehicle physical damage appraiser's license: (a) For any cause specified in any other provision of this chapter; (b) For any such applicable cause as for revocation of the license of a producer of insurance under NRS 683A.451 ; or (c) If the licensee has for compensation represented or attempted to represent both the insurer and the insured in the same transaction.

2. The license of a business organization may be suspended, revoked, limited or continuation refused for any cause which relates to any individual designated in or with respect to the license to exercise its powers.
Nev. Rev. Stat. § 696B.060 — NV Code / Title 57 / Chapter 696B / Section 696B.060
“Delinquency proceeding” defined
Status: in_force

“ Delinquency proceeding ” means:

1. Any proceeding commenced against an insurer pursuant to this chapter for the purpose of conserving, rehabilitating, reorganizing or liquidating the insurer; or

2. The summary proceedings authorized by NRS 696B.500 to 696B.565 , inclusive.
Nev. Rev. Stat. § 691C.210 — NV Code / Title 57 / Chapter 691C / Section 691C.210
“Open-end credit” defined
Status: in_force

“ Open-end credit ” means credit extended by a creditor under an agreement in which:

1. The creditor reasonably contemplates repeated transactions;

2. The creditor periodically imposes a finance charge on any outstanding unpaid balance; and

3. The amount of credit that may be extended to the debtor during the term of the agreement up to any limit set by the creditor is generally made available to the extent that any outstanding balance is repaid.
Nev. Rev. Stat. § 693A.020 — NV Code / Title 57 / Chapter 693A / Section 693A.020
Applicability of statutes relating to corporations
Status: in_force

Domestic stock and mutual insurers shall be governed by the applicable provisions of the general statutes of this state relating to private corporations as such statutes are constituted on January 1, 1972, or may thereafter be constituted, except where such general statutes are in conflict with the express provisions of this Code and the reasonable implications of such provisions, in which case the provisions of this Code shall govern.
Nev. Rev. Stat. § 688C.040 — NV Code / Title 57 / Chapter 688C / Section 688C.040
“Business of viatical settlements” defined
Status: in_force

“ Business of viatical settlements ” means the offering, solicitation, negotiation, procurement, effectuation, purchasing, financing, monitoring, tracking, underwriting, selling, transferring, pledging or otherwise hypothecating of viatical settlements.
Nev. Rev. Stat. § 689A.0445 — NV Code / Title 57 / Chapter 689A / Section 689A.0445
Coverage for prostate cancer screening
Status: in_force

1. A policy of health insurance that provides coverage for the treatment of prostate cancer must provide coverage for prostate cancer screening in accordance with: (a) The guidelines concerning prostate cancer screening which are published by the American Cancer Society; or (b) Other guidelines or reports concerning prostate cancer screening which are published by nationally recognized professional organizations and which include current or prevailing supporting scientific data.

2. A policy of health insurance that provides coverage for the treatment of prostate cancer must not require an insured to obtain prior authorization for any service provided pursuant to subsection 1.

3. A policy of health insurance that provides coverage for the treatment of prostate cancer which is delivered, issued for delivery or renewed on or after July 1, 2007, has the legal effect of including the coverage required by subsection 1, and any provision of the policy or the renewal which is in conflict with subsection 1 is void.
Nev. Rev. Stat. § 692C.3544 — NV Code / Title 57 / Chapter 692C / Section 692C.3544
Disclosure of information to Commissioner not waiver of privilege of confidentiality
Status: in_force

No waiver of any applicable privilege or claim of confidentiality in the documents, proprietary and trade secrets materials or other information shall occur as a result of the disclosure of such documents, materials and information to the Commissioner in accordance with the provisions of NRS 692C.3536 to 692C.3546 , inclusive, or as a result of sharing as authorized in accordance with the provisions of NRS 692C.351 to 692C.3548 , inclusive.
Nev. Rev. Stat. § 679B.230 — NV Code / Title 57 / Chapter 679B / Section 679B.230
Examination of insurers
Status: in_force

1. For the purpose of determining its financial condition, fulfillment of its contractual obligations and compliance with law, the Commissioner shall, as often as he or she deems advisable, examine the affairs, transactions, accounts, records and assets of each authorized insurer, and of any person as to any matter relevant to the financial affairs of the insurer or to the examination. Except as otherwise expressly provided in this title, the Commissioner shall so examine each authorized insurer not less frequently than every 5 years. In scheduling and determining the nature, scope and frequency of the examinations, the Commissioner shall consider: (a) The results of any analysis of any applicable financial statement; (b) Any change in management or ownership of the insurer; (c) Any applicable actuarial opinion or summary; (d) Any applicable report of an independent certified public accountant; and (e) Any other applicable criteria set forth in the most recent edition of the Financial Condition Examiners Handbook, published by the NAIC, and the most recent edition of the Market Regulation Handbook, published by the NAIC, which are in effect when the Commissioner exercises his or her discretion pursuant to this section.

2. In examining an insurer pursuant to this section, the Commissioner may examine or investigate any person, or the business of any person, if the examination or investigation is, in the sole discretion of the Commissioner, necessary or material to the examination of the insurer.

3. Examination of an alien insurer must be limited to its insurance transactions, assets, trust deposits and affairs in the United States, except as otherwise required by the Commissioner.

4. The Commissioner shall in like manner examine each insurer applying for an initial certificate of authority to transact insurance in this state.

5. In lieu of an examination under this chapter, the Commissioner may accept a report of the examination of a foreign or alien insurer prepared by the Division for a foreign insurer's state of domicile or an alien insurer's state of entry into the United States.

6. As far as practical the examination of a foreign or alien insurer must be made in cooperation with the insurance supervisory officers of other states in which the insurer transacts business.
Nev. Rev. Stat. § 696B.050 — NV Code / Title 57 / Chapter 696B / Section 696B.050
“Creditor” defined
Status: in_force

“ Creditor ” means a person having a claim, whether matured or unmatured, liquidated or unliquidated, secured or unsecured, or absolute, fixed or contingent.
Nev. Rev. Stat. § 695F.130 — NV Code / Title 57 / Chapter 695F / Section 695F.130
Application of person who is licensed as insurer or holds another certificate of authority
Status: in_force

Any person who is licensed as an insurer pursuant to chapter 680A of NRS or issued a certificate of authority pursuant to chapter 695A, 695B or 695C of NRS may submit an application to the Commissioner for a certificate of authority to provide a limited health service in this state. The application must include the information requested by subsections 4, 5, 7, 8, 10, 11, 12 and 15 of NRS 695F.110 and any subsequent material changes or additions thereto.
Nev. Rev. Stat. § 680A.040 — NV Code / Title 57 / Chapter 680A / Section 680A.040
“Reciprocal” insurer defined
Status: in_force

A “reciprocal” insurer is an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact common to all such persons to provide reciprocal insurance among themselves.
Nev. Rev. Stat. § 687B.675 — NV Code / Title 57 / Chapter 687B / Section 687B.675
Provision of information to Office for Consumer Health Assistance
Status: in_force

1. A health carrier which offers or issues a network plan shall: (a) Provide to the Office for Consumer Health Assistance at least annually the telephone number and electronic mail address of a navigator, case manager or facilitator employed by the health carrier and update that information when the information changes. (b) On or before December 31 of each year, submit to the Office for Consumer Health Assistance, for the immediately preceding 12 months, for each type of provider of health care in the applicable network: (1) The number of times covered persons reported difficulty accessing health care services; (2) The number of times covered persons used a navigator, case manager or facilitator to assist in accessing health care services; (3) The number of cases described in subparagraph (2) that were resolved by navigators, case managers or facilitators; and (4) The average period between when a covered person reports difficulty accessing health care services to the resolution of the case by a navigator, case manager or facilitator.

2. As used in this section: (a) “ Navigator, case manager or facilitator ” means an employee of a health carrier whose duties include assisting covered persons in accessing health care services. (b) “ Office for Consumer Health Assistance ” means the Office for Consumer Health Assistance established by NRS 232.458 .
Nev. Rev. Stat. § 695H.160 — NV Code / Title 57 / Chapter 695H / Section 695H.160
Regulations
Status: in_force

The Commissioner may adopt regulations to carry out the provisions of this chapter.
Nev. Rev. Stat. § 695D.110 — NV Code / Title 57 / Chapter 695D / Section 695D.110
Certificate of authority: Required for establishing, operating, acting as administrator of, selling or offering to sell plan for dental care
Status: in_force

No person may establish or operate a plan for dental care, act as an administrator of such a plan or sell or offer to sell such a plan without first obtaining a certificate of authority from the Commissioner.
Nev. Rev. Stat. § 692C.350 — NV Code / Title 57 / Chapter 692C / Section 692C.350
Violations; penalties
Status: in_force

1. The failure to file a registration statement or summary or any amendment thereto, or a report of enterprise risk, required by NRS 692C.260 to 692C.350 , inclusive, within the time specified for the filing is a violation of NRS 692C.260 to 692C.350 , inclusive.

2. Except as otherwise provided in subsection 3, if an insurer fails, without just cause, to file a registration statement required pursuant to NRS 692C.270 to 692C.350 , inclusive, the insurer shall, after receiving notice and a hearing, pay a civil penalty of $100 for each day the insurer fails to file the registration statement. The civil penalty may be recovered in a civil action brought by the Commissioner. Any civil penalty paid pursuant to this subsection must be deposited in the State General Fund.

3. The maximum civil penalty that may be imposed pursuant to subsection 2 is $20,000. The Commissioner may reduce the amount of the civil penalty if the insurer demonstrates to the satisfaction of the Commissioner that the payment of the civil penalty would impose a financial hardship on the insurer.

4. Any officer, director or employee of an insurance holding company system who willfully and knowingly subscribes to or makes or causes to be made any false statement, false report or false filing with the intent to deceive the Commissioner in the performance of his or her duties pursuant to NRS 692C.260 to 692C.350 , inclusive, is guilty of a category D felony and shall be punished as provided in NRS 193.130 . The officer, director or employee is personally liable for any fine imposed against the officer, director or employee pursuant to that section.
Nev. Rev. Stat. § 682B.030 — NV Code / Title 57 / Chapter 682B / Section 682B.030
Securities eligible for deposit
Status: in_force

1. All such deposits required under NRS 680A.140 for authority to transact insurance in this state shall consist of good interest-bearing or dividend-paying securities of kinds eligible for investment of the funds of domestic insurers under NRS chapter 682A (investments).

2. All other deposits of a domestic insurer held in this state pursuant to the laws of another state, province or country shall be comprised of securities of the kinds described in subsection 1, and of such additional kind or kinds of securities required or permitted by the laws of such state, province or country.

3. Deposits of foreign insurers made in this state under NRS 680A.330 (retaliatory provision) shall consist of such assets as are required by the Commissioner pursuant to such law.

4. Evidences of indebtedness secured by real property shall be eligible for deposit only if the real property securing such indebtedness is situated within the State of Nevada. The evidence of indebtedness so deposited shall be accompanied by a certificate from a duly authorized title insurer doing business in the county in which the real property is situated, showing that the indebtedness is a first lien against such real property, other than for real property taxes.
Nev. Rev. Stat. § 682A.540 — NV Code / Title 57 / Chapter 682A / Section 682A.540
Mortgage loans
Status: in_force

1. Subject to the limitations of NRS 682A.512 , 682A.514 and 682A.516 , an insurer may acquire, either directly, or indirectly through limited partnership interests and general partnership interests not otherwise prohibited by paragraph (d) of subsection 1 of NRS 682A.380 , joint ventures, stock of an investment subsidiary or membership interests in a limited-liability company, trust certificates, or other similar instruments, obligations secured by mortgages on real estate situated within a domestic jurisdiction. A mortgage loan which is secured by other than a first lien must not be acquired unless the insurer is the holder of the first lien.

2. The obligations held by the insurer and any obligations with an equal lien priority must not, at the time of acquisition of the obligation, exceed: (a) Ninety percent of the fair market value of the real estate, if the mortgage loan is secured by a purchase money mortgage or like security received by the insurer upon disposition of the real estate. (b) Eighty percent of the fair market value of the real estate, if the mortgage loan requires immediate scheduled payment in periodic installments of principal and interest, has an amortization period of 30 years or less and periodic payments made not less frequently than annually. Each periodic payment must be sufficient to ensure that at all times the outstanding principal balance of the mortgage loan is not greater than the outstanding principal balance that would be outstanding under a mortgage loan with the same original principal balance, the same interest rate and requiring equal payments of principal and interest with the same frequency over the same amortization period. Mortgage loans allowed in accordance with this section are allowed notwithstanding the fact that they provide for a payment of the principal balance before the end of the period of amortization of the loan. For residential mortgage loans, the 80-percent limitation may be increased to 97 percent if acceptable private mortgage insurance has been obtained. (c) Seventy-five percent of the fair market value of the real estate for mortgage loans that do not meet the requirements of paragraph (a) or (b).

3. For the purposes of subsection 2, the amount of an obligation required to be included in the calculation of the loan-to-value ratio may be reduced to the extent the obligation is insured by the Federal Housing Administration or guaranteed by the Administrator of Veterans Affairs, or their successors.

4. A mortgage loan that is held by an insurer pursuant to NRS 682A.325 or acquired in accordance with the provisions of NRS 682A.540 to 682A.546 , inclusive, and is restructured in a manner that meets the requirements of a restructured mortgage loan in conformance with the Accounting Practices and Procedures Manual adopted by the NAIC, will continue to qualify as a mortgage loan in accordance with the provisions of this chapter.

5. Subject to the limitations of NRS 682A.512 , 682A.514 and 682A.516 , credit lease transactions that do not qualify for investment pursuant to NRS 682A.518 are exempt from the provisions of subsections 1, 2 and 3 if they meet the following criteria: (a) The loan amortizes over the initial fixed lease term at least in an amount sufficient so that the loan balance at the end of the lease term does not exceed the original appraised value of the real estate; (b) The lease payments cover or exceed the total debt service over the life of the loan; (c) A tenant or its affiliated entity whose rated credit instruments have an SVO 1 or 2 rating or a comparable rating from a nationally recognized statistical rating organization recognized by the SVO, has a full faith and credit obligation to make the lease payments; (d) The insurer holds or is the beneficial holder of a first lien mortgage on the real estate; (e) The expenses of the real estate are passed through to the tenant excluding exterior, structural, parking and heating, ventilation and air conditioning replacement expenses, unless annual escrow contributions, from cash flows derived from the lease payments, cover the expense shortfall; and (f) There is a perfected assignment of the rents due pursuant to the lease to, or for the benefit of, the insurer.
Nev. Rev. Stat. § 685A.090 — NV Code / Title 57 / Chapter 685A / Section 685A.090
Contracts for nonadmitted coverage: Requirements
Status: in_force

Each insurance contract procured and delivered as a nonadmitted coverage pursuant to this chapter must have conspicuously stamped upon it:

This insurance contract is issued pursuant to the Nevada insurance laws by an insurer neither licensed by nor under the supervision of the Division of Insurance of the Department of Business and Industry of the State of Nevada. If the insurer is found insolvent, a claim under this contract is not covered by the Nevada Insurance Guaranty Association Act.
Nev. Rev. Stat. § 695C.270 — NV Code / Title 57 / Chapter 695C / Section 695C.270
Surety bond or deposit required; waiver
Status: in_force

Each health maintenance organization shall furnish a surety bond in an amount satisfactory to the Commissioner or deposit with the Commissioner cash or securities acceptable to the Commissioner in at least the same amount as a guarantee that the obligations to the enrollees will be performed. The Commissioner may waive this requirement whenever satisfied that the assets of the organization and its contracts with insurers, governments, or other organizations are sufficient to reasonably assure the performance of its obligations.
Nev. Rev. Stat. § 695F.159 — NV Code / Title 57 / Chapter 695F / Section 695F.159
Evidence of coverage covering prescription drugs: Use of step therapy protocol for drug to treat psychiatric condition prohibited in certain circumstances
Status: in_force

1. Evidence of coverage which provides coverage for prescription drugs must not require an enrollee to use 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 enrollee, if: (a) The drug has been approved by the Food and Drug Administration with indications for the psychiatric condition of the enrollee 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 enrollee 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 prepaid limited health service organization is located 60 miles or more from the residence of the enrollee; and (c) The practitioner listed in paragraph (b) who prescribed the drug knows, based on the medical history of the enrollee, 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 an evidence of coverage 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 evidence of coverage offered by a prepaid limited health service organization 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 prepaid limited health service organization. The term does not include an arrangement for the financing of premiums. (c) “ Step therapy protocol ” means a procedure that requires an enrollee 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 enrollee before his or her evidence of coverage provides coverage for the recommended drug.
Nev. Rev. Stat. § 695G.241 — NV Code / Title 57 / Chapter 695G / Section 695G.241
Circumstances under which adverse determination may be subject to external review; exceptions
Status: in_force

Except as otherwise required for an expedited external review pursuant to NRS 695G.271 or 695G.275 , for the purposes of NRS 695G.200 to 695G.310 , inclusive, an adverse determination may be subject to an external review:

1. If a covered person exhausts all procedures set forth in the health care plan for reviewing the adverse determination within the health carrier and the health carrier fails to render a decision within the period required to render that decision set forth in the health care plan; or

2. If the health carrier allows the covered person to submit the adverse determination to the independent review organization without requiring the covered person to exhaust all procedures set forth in the health care plan for reviewing the adverse determination within the health carrier.
Nev. Rev. Stat. § 692B.090 — NV Code / Title 57 / Chapter 692B / Section 692B.090
Investigation; exception
Status: in_force

1. Upon completion of the application for a permit under NRS 692B.070 and 692B.080 , the Commissioner shall promptly cause an investigation to be made of: (a) The identity, character, reputation, experience, financial standing and motives of the persons proposing to organize, promote or finance the insurer or organization; (b) The character, financial responsibility, insurance management experience and business qualifications of the officers, directors and managers of the insurer or organization existing or proposed; and (c) Such other aspects of the insurer, organization or proposed financing as the Commissioner deems advisable.

2. The Commissioner may, in the Commissioner’s discretion, waive investigation with respect to the further financing of a domestic insurer already duly authorized to transact insurance in this state.
Nev. Rev. Stat. § 686C.100 — NV Code / Title 57 / Chapter 686C / Section 686C.100
“Member insurer” defined
Status: in_force

“ Member insurer ” means an insurer which is licensed or holds a certificate of authority to transact in this state any kind of insurance for which coverage is provided in this chapter or a health maintenance organization which holds a certificate of authority to operate in this State. The term includes an insurer or health maintenance organization whose license or certificate of authority in this state has been suspended, revoked, not renewed or voluntarily withdrawn. The term does not include:

1. A fraternal benefit society;

2. A mandatory state pooling plan;

3. A mutual assessment company or other person that operates on the basis of assessments;

4. An insurance exchange;

5. An organization that is authorized only to issue charitable gift annuities under NRS 688A.281 to 688A.285 , inclusive;

6. A reinsurance program operated by the State Government; or

7. An organization similar to any of those listed in subsections 1 to 6, inclusive.
Nev. Rev. Stat. § 694B.110 — NV Code / Title 57 / Chapter 694B / Section 694B.110
Deposit in lieu of bond
Status: in_force

In lieu of the bond required under NRS 694B.100 , the attorney may maintain on deposit through the Commissioner, a like amount in cash or in market value of United States Government bonds, subject to the same conditions as the bond.
Nev. Rev. Stat. § 690B.035 — NV Code / Title 57 / Chapter 690B / Section 690B.035
Policy covering damage to one or more of operator's vehicles
Status: in_force

An insurer may issue to a holder of an operator's policy of liability insurance a policy covering damage to one or more of the operator's vehicles. The policy is not required to provide liability insurance or uninsured vehicle coverage.
Nev. Rev. Stat. § 687B.840 — NV Code / Title 57 / Chapter 687B / Section 687B.840
Health carrier required to inform participating provider of health care of status and inclusion on certain lists maintained by health carrier upon request or change in such status or inclusion
Status: in_force

A health carrier which offers or issues a network plan shall inform a participating provider of health care with whom the health carrier has contracted for the purposes of the network plan of the status of the participating provider of health care as a provider of health care in the network plan and the status and inclusion of the participating provider of health care on any list of providers of health care maintained by the health carrier. The health carrier shall provide in a timely manner the information required by this section to the participating provider of health care:

1. Upon the request of the participating provider of health care; and

2. Upon any change to the status or inclusion of the participating provider of health care as described in this section.
Nev. Rev. Stat. § 695B.19047 — NV Code / Title 57 / Chapter 695B / Section 695B.19047
Policy covering prescription drug for medical condition that is part of step therapy protocol: Use of certain guidelines required; establishment of process to request exemption from step therapy protocol required; granting of request; applicability of provisions
Status: in_force

1. When developing a step therapy protocol, a hospital or medical services corporation shall use guidelines based on medical or scientific evidence, if such guidelines are available.

2. A hospital or medical services corporation that offers or issues a policy of health insurance which includes coverage for a prescription drug for the treatment of any medical condition that is part of a step therapy protocol shall: (a) Establish a clear, convenient and readily accessible process by which an insured and his or her attending practitioner may: (1) Request an exemption for the insured from the step therapy protocol; and (2) Appeal a decision made by the hospital or medical services corporation concerning a request for an exemption from the step therapy protocol pursuant to subparagraph (1); (b) Make the process described in paragraph (a) accessible through an Internet website maintained by the hospital or medical services corporation; and (c) Except as otherwise provided in this paragraph, respond to a request made or an appeal submitted pursuant to paragraph (a) not later than 2 business days after the request is made or the appeal is submitted, as applicable. If the attending practitioner indicates that exigent circumstances exist, the hospital or medical services corporation shall respond to the request or appeal within 24 hours after the request is made or the appeal is submitted, as applicable.

3. A hospital or medical services corporation shall grant a request to exempt an insured from a step therapy protocol made in accordance with the process established pursuant to subsection 2 if the attending practitioner for the insured submits to the hospital or medical services corporation a statement which provides an adequate justification for the exemption and any documentation necessary to support the statement. The hospital or medical services corporation shall determine whether such justification exists if the statement and documentation demonstrate that: (a) Each prescription drug that is required to be used earlier in the step therapy protocol: (1) Is contraindicated or will likely cause an adverse reaction or physical or mental harm to the insured; (2) Is expected to be ineffective based on the known clinical characteristics of the insured and the known characteristics of the required prescription drug; (3) Has been tried by the insured, regardless of whether the insured was covered by the current policy of health insurance at the time, and was discontinued due to lack of efficacy or effectiveness, diminished effect or an adverse event relating to the prescription drug; or (4) Is not in the best interest of the insured, based on medical necessity; or (b) The insured is stable on a prescription drug selected by his or her attending practitioner for the medical condition under consideration, regardless of whether the insured was covered by his or her current policy of health insurance at the time the attending practitioner selected the drug.

4. If a hospital or medical services corporation does not respond to a request for an exemption from a step therapy protocol or an appeal concerning a decision relating to such a request within the time frame prescribed by paragraph (c) of subsection 2, the request shall be deemed to have been granted.

5. If a request for an exemption from a step therapy protocol is granted pursuant to subsection 3 or deemed granted pursuant to subsection 4, the hospital or medical services corporation shall immediately authorize coverage for and dispensing of the drug chosen by the attending practitioner for the insured.

6. A policy of health insurance subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after January 1, 2024, has the legal effect of including the coverage required by this section, and any provisions of the policy that conflict with the provisions of this section is void.

7. The provisions of this section do not apply to any prescription drug to which the provisions of NRS 695B.19085 apply.

8. As used in this section: (a) “ Attending practitioner ” means the practitioner, as defined in NRS 639.0125 , who has primary responsibility for the treatment of the medical condition of an insured for which a prescription drug is prescribed. (b) “ Medical or scientific evidence ” has the meaning ascribed to it in NRS 695G.053 .
Nev. Rev. Stat. § 682B.240 — NV Code / Title 57 / Chapter 682B / Section 682B.240
Mexican and Canadian insurers
Status: in_force

The provisions of NRS 682B.130 to 682B.250 , inclusive, applicable to a United States manager shall, in the case of insurers domiciled in Mexico or Canada, be deemed to refer to the president, vice president, secretary, treasurer or other comparable officer of the insurer.
Nev. Rev. Stat. § 686A.520 — NV Code / Title 57 / Chapter 686A / Section 686A.520
Applicability of other provisions
Status: in_force

1. The provisions of NRS 683A.341 , 683A.451 , 683A.461 and 686A.010 to 686A.310 , inclusive, apply to companies.

2. For the purposes of subsection 1, unless the context requires that a section apply only to insurers, any reference in those sections to “insurer” must be replaced by a reference to “company.”
Nev. Rev. Stat. § 683A.251 — NV Code / Title 57 / Chapter 683A / Section 683A.251
Form and prerequisites for approval of application for license of natural person; licensing of business organization; certain applicants to submit fingerprints; report from Federal Bureau of Investigation; verification of information
Status: in_force

1. The Commissioner shall prescribe the form of application by a natural person for a license as a resident producer of insurance. The applicant must declare, under penalty of refusal to issue, or suspension or revocation of, the license, that the statements made in the application are true, correct and complete to the best of his or her knowledge and belief. Before approving the application, the Commissioner must find that the applicant has: (a) Attained the age of 18 years; (b) Not committed any act that is a ground for refusal to issue, or suspension or revocation of, a license; (c) Paid all applicable fees prescribed for the license, which may not be refunded; and (d) Successfully passed the examinations for the lines of authority for which application is made, unless the applicant is exempt from this requirement.

2. A business organization must be licensed as a producer of insurance in order to act as such. Application must be made on a form prescribed by the Commissioner. Before approving the application, the Commissioner must find that the applicant has: (a) Paid all applicable fees prescribed for the license, which may not be refunded; (b) Designated a natural person who is licensed as a producer of insurance and who is authorized to transact business on behalf of the business organization to be responsible for the organization's compliance with the laws and regulations of this State relating to insurance; and (c) Established and maintains a valid electronic mail address at the applicant's own expense.

3. A natural person who is a resident of this State applying for a license 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; (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; and (c) Establish and maintain a valid electronic mail address.

4. The Commissioner may: (a) Unless the applicant's fingerprints are directly forwarded pursuant to subparagraph (2) of paragraph (b) of subsection 3, 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; (b) Request from each such agency any information regarding the applicant's background as the Commissioner deems necessary; and (c) Adopt regulations concerning the procedures for obtaining this information.

5. The Commissioner may require any document reasonably necessary to verify information contained in an application.
Nev. Rev. Stat. § 683A.051 — NV Code / Title 57 / Chapter 683A / Section 683A.051
“License” defined
Status: in_force

“ License ” means a document issued by the Commissioner authorizing a person to act as a producer of insurance for the lines of authority specified in the document.
Nev. Rev. Stat. § 692C.357 — NV Code / Title 57 / Chapter 692C / Section 692C.357
Domestic insurer under control of foreign person not relieved of obligations and liabilities; requirements for board of directors of registered domestic insurer; exception; waiver
Status: in_force

1. If a domestic insurer is under the control of a foreign person, the officers and directors of the domestic insurer are not relieved of any obligations or liabilities to which they are subject by law. The domestic insurer must be managed in a manner that ensures its separate operating identity.

2. The provisions of this section do not prohibit a registered domestic insurer and one or more other persons from having or sharing common management, participating as a cooperative or sharing employees, property or services in a manner authorized under NRS 692C.360 .

3. Except as otherwise provided in subsections 6 and 7, at least one person in any quorum for the transaction of business at any meeting of the board of directors of a registered domestic insurer or any committee thereof must be a person who is not: (a) An officer or employee of the domestic insurer or of any entity controlling, controlled by or under common control with the domestic insurer; or (b) A beneficial owner of a controlling interest in the voting stock of the domestic insurer or entity.

4. Except as otherwise provided in subsections 6 and 7, not less than one-third of the members of the board of directors of a registered domestic insurer and not less than one-third of the members of each committee of the board of directors of any registered domestic insurer must be persons described in subsection 3.

5. Except as otherwise provided in subsections 6 and 7, the board of directors of a registered domestic insurer shall establish one or more committees consisting solely of persons described in subsection 3. Each committee shall: (a) Nominate candidates for director for election by shareholders or policyholders; (b) Evaluate the performance of each principal officer of the registered domestic insurer; and (c) Make recommendations to the board of directors concerning the selection and compensation of each of those principal officers.

6. The provisions of subsections 3, 4 and 5 do not apply to a registered domestic insurer if the registered domestic insurer is controlled by an entity and the board of directors of the controlling entity and the committees thereof meet the requirements of subsections 3, 4 and 5.

7. A registered domestic insurer may apply to the Commissioner for a waiver of the provisions of this section if the registered domestic insurer has: (a) Annual direct written and assumed premiums of less than $300,000,000, excluding any premiums reinsured with: (1) The Federal Crop Insurance Corporation of the Risk Management Agency of the United States Department of Agriculture; and (2) The National Flood Insurance Program of the Federal Emergency Management Agency of the United States Department of Homeland Security; or (b) In any other circumstances determined by the Commissioner to warrant a waiver.

8. In considering whether or not to grant a waiver pursuant to subsection 7, the Commissioner may consider any relevant factors, including, without limitation: (a) The type of business entity applying for the waiver; (b) The volume of business written; (c) The availability of persons specified in subsection 3 to serve on the board of directors; and (d) The ownership or organizational structure of the registered domestic insurer or controlling person thereof.
Nev. Rev. Stat. § 681B.0025 — NV Code / Title 57 / Chapter 681B / Section 681B.0025
“Applicable company” defined
Status: in_force

“ Applicable company ” means an insurer that:

1. Has written, issued or reinsured life insurance, accident and health insurance or deposit-type contracts in this State and has at least one such policy in force or on claim; or

2. Has written, issued or reinsured life insurance, accident and health insurance or deposit-type contracts in any state and is required to hold a certificate of authority to write life insurance, accident and health insurance or deposit-type contracts in this State.
Nev. Rev. Stat. § 689C.196 — NV Code / Title 57 / Chapter 689C / Section 689C.196
Insurer prohibited from denying coverage solely because claim involves act that constitutes domestic violence or applicant or insured was victim of domestic violence
Status: in_force

An insurer shall not deny a claim, refuse to issue a health benefit plan or cancel a health benefit plan solely because the claim involves an act that constitutes domestic violence pursuant to NRS 33.018 , or because the person applying for or covered by the health benefit plan was the victim of such an act of domestic violence, regardless of whether the insured or applicant contributed to any loss or injury.
Nev. Rev. Stat. § 688A.366 — NV Code / Title 57 / Chapter 688A / Section 688A.366
Calculation of benefits available at time other than contract anniversary
Status: in_force

Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
Nev. Rev. Stat. § 692C.240 — NV Code / Title 57 / Chapter 692C / Section 692C.240
Violations
Status: in_force

The following shall be violations of NRS 692C.180 to 692C.250 , inclusive:

1. The failure to file any statement, amendment or other material required to be filed pursuant to NRS 692C.180 or 692C.190 ; or

2. The effectuation or any attempt to effectuate an acquisition of control of, or merger with, a domestic insurer unless the Commissioner has given approval thereto.
Nev. Rev. Stat. § 696A.080 — NV Code / Title 57 / Chapter 696A / Section 696A.080
Deposit and maintenance of security: Form; amount
Status: in_force

1. A person shall not render or agree to render motor club service without first depositing and thereafter continuously maintaining security in one of the following forms with the Commissioner: (a) The sum of $100,000 in cash. (b) Securities approved by the Commissioner, having a market value of $100,000 and being of a type approved by the Commissioner and legal for investment by admitted insurers issuing nonassessable policies on a reserve basis. (c) A surety bond which complies with NRS 679B.175 and is in the principal sum of $100,000, with an admitted surety insurer as surety.

2. In lieu of the deposit required by subsection 1, a foreign or alien motor club may deposit evidence satisfactory to the Commissioner that it has on deposit with an officer of a state of the United States of America, authorized by the law of such state to accept such deposit: (a) Securities which meet the requirements of paragraph (b) of subsection 1 of at least a like amount for the benefit and security of all members and creditors of such motor club; or (b) A surety bond, in the principal sum of $100,000, which meets the requirements of NRS 696A.090 , issued by a bonding company authorized to do business in the State of Nevada and in the state where the bond is posted.
Nev. Rev. Stat. § 680A.150 — NV Code / Title 57 / Chapter 680A / Section 680A.150
Certificate of authority: Application
Status: in_force

To apply for an original certificate of authority an insurer shall file with the Commissioner its written application therefor on forms as prescribed and furnished by the Commissioner, accompanied by the applicable fees specified in NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 , stating under the oath of the president or vice president or other chief officer and the secretary of the insurer, or of the attorney-in-fact if a reciprocal insurer, the insurer's name, location of its home office, or principal office in the United States if an alien insurer, the kinds of insurance to be transacted, date of organization or incorporation, form of organization, state or country of domicile, and such additional information as the Commissioner may reasonably require, together with the following documents, as applicable:

1. If a corporation, a copy of its charter or certificate or articles of incorporation, together with all amendments thereto, or as restated and amended under the laws of its state or country of domicile, currently certified by the public officer with whom the originals are on file in that state or country.

2. If a domestic incorporated insurer or a mutual insurer, a copy of its bylaws, certified by the insurer's corporate secretary.

3. If a reciprocal insurer, a copy of the power of attorney of its attorney-in-fact, certified by the attorney-in-fact; and if a domestic reciprocal insurer, the declaration provided for in NRS 694B.060 .

4. A complete copy of its financial statement as of not earlier than the December 31 next preceding in form as customarily used in the United States by like insurers, sworn to by at least two executive officers of the insurer or certified by the public insurance supervisory officer of the insurer's state of domicile, or of entry into the United States if an alien insurer.

5. A copy of the report of last examination made of the insurer within not more than 5 years next preceding, certified by the public insurance supervisory officer of the insurer's state of domicile, or of entry into the United States if an alien insurer.

6. The appointment of the Commissioner pursuant to NRS 680A.250 as its attorney to receive service of legal process.

7. If a foreign or alien insurer, a certificate of the public insurance supervisory officer of its state or country of domicile showing that it is authorized or qualified for authority to transact in such state or country the kinds of insurance proposed to be transacted in this state.

8. If a foreign insurer, a certificate as to a deposit if it is to be tendered pursuant to NRS 680A.140 .

9. A copy of the insurer's rate book and of each form of policy currently proposed to be issued in this state, and of the form of application therefor.

10. If an alien insurer, a copy of the appointment and authority of its United States manager, certified by its officer having custody of its records.

11. Designation by the insurer of its officer or representative authorized to appoint and remove its agents in this state.
Nev. Rev. Stat. § 695G.053 — NV Code / Title 57 / Chapter 695G / Section 695G.053
“Medical or scientific evidence” defined
Status: in_force

“ Medical or scientific evidence ” means evidence found in the following sources:

1. Peer-reviewed scientific studies published in or accepted for publication by medical journals that meet nationally recognized requirements for scientific manuscripts and that submit most of their published articles for review by experts who are not part of the editorial staff;

2. Peer-reviewed medical literature, including literature relating to therapies reviewed and approved by a qualified institutional review board, biomedical compendia and other medical literature that meet the criteria of the National Library of Medicine of the National Institutes of Health for indexing in Index Medicus (MEDLINE) and Elsevier for indexing in Excerpta Medica (EMBASE);

3. Medical journals recognized by the Secretary of Health and Human Services pursuant to section 1861(t)(2) of the Social Security Act, 42 U.S.C. § 1395x ;

4. The following standard reference compendia: (a) AHFS Drug Information published by the American Society of Health-System Pharmacists; (b) Drug Facts and Comparisons published by Wolter Kluwers Health; (c) Accepted Dental Therapeutics published by the American Dental Association; and (d) The United States Pharmacopoeia's Drug Quality and Information Program;

5. Findings, studies or research conducted by or under the auspices of the Federal Government and nationally recognized federal research institutes, including, without limitation: (a) The Agency for Healthcare Research and Quality; (b) The National Institutes of Health; (c) The National Cancer Institute; (d) The National Academy of Sciences of the National Academies; (e) The Centers for Medicare and Medicaid Services; (f) The Food and Drug Administration; and (g) Any national board recognized by the National Institutes of Health for the purpose of evaluating the medical value of health care services; or

6. Any other source of medical or scientific evidence that is comparable to the sources listed in subsections 1 to 5, inclusive.
Nev. Rev. Stat. § 684A.220 — NV Code / Title 57 / Chapter 684A / Section 684A.220
Suspension, revocation or limitation of or refusal to continue license: Applicable provisions
Status: in_force

NRS 683A.451 and 683A.461 also apply to suspension, revocation, limitation or refusal to continue adjusters' licenses, except where in conflict with the express provisions of this chapter.
Nev. Rev. Stat. § 691D.070 — NV Code / Title 57 / Chapter 691D / Section 691D.070
“Portable electronics insurance” defined
Status: in_force

1. “ Portable electronics insurance ” means insurance which provides coverage for the repair or replacement of portable electronics and which may cover portable electronics against loss, theft, inoperability due to mechanical failure, malfunction, accidental damage or other similar perils in accordance with the terms of the policy.

2. The term does not include: (a) A service contract governed by chapter 690C of NRS ; (b) A maintenance agreement; (c) A warranty; (d) A policy of homeowners' insurance, renter's insurance or motor vehicle insurance; or (e) A policy of property or casualty insurance for business and commercial risks.
Nev. Rev. Stat. § 679B.090 — NV Code / Title 57 / Chapter 679B / Section 679B.090
Employment and classification of assistants and examiners; contracts for certain services or assistance; regulations
Status: in_force

1. The Commissioner may employ such other technical, actuarial, rating, clerical and other assistants and examiners as may reasonably be required for execution of the duties of the Commissioner, each of whom must be in the classified service of the State.

2. The Commissioner may contract for and procure services of examiners and other or additional specialized technical or professional assistance, as independent contractors or for a fee, as may reasonably be required. None of the persons providing those services or assistance on contract or for a fee may be in the classified service of the State.

3. The Commissioner may contract with a person outside the Division for administering examinations, processing applications for licenses and collecting fees.

4. The Commissioner may adopt regulations to carry out the provisions of subsections 2 and 3.
Nev. Rev. Stat. § 690B.230 — NV Code / Title 57 / Chapter 690B / Section 690B.230
“Practitioner” defined
Status: in_force

“ Practitioner ” means a practitioner who provides health care.
Nev. Rev. Stat. § 681B.130 — NV Code / Title 57 / Chapter 681B / Section 681B.130
Reserves; modified net premiums; calculations; minimum aggregate reserves; applicability
Status: in_force

1. Except as otherwise provided in subsection 4 and in NRS 681B.150 , reserves, according to the Commissioners' reserve valuation method, for the life insurance and endowment benefits of policies providing for a uniform amount of insurance and requiring the payment of uniform premiums must be the excess, if any, of the present value, at the date of valuation, of the future guaranteed benefits provided for by the policies over the then present value of any future modified net premiums therefor. The modified net premiums for the policy must be such a uniform percentage of the respective contract premiums for those benefits that the present value, at the date of issue of the policy, of all the modified net premiums are equal to the sum of the then present value of the benefits provided for by the policy and the excess of the premium set forth in paragraph (a) over that set forth in paragraph (b), as follows: (a) A net level annual premium equal to the present value, at the date of issue, of such benefits provided for after the first policy year, divided by the present value, at the date of issue, of an annuity of one per annum payable on the first and each subsequent anniversary of such policy on which a premium falls due. The net level annual premium must not exceed the net level annual premium on the 19-year premium whole life plan for insurance of the same amount at an age 1 year higher than the age at the time the policy is issued. (b) A net 1-year term premium for such benefits provided for in the first policy year.

2. If any life insurance policy issued on or after January 1, 1987, for which the contract premium in the first policy year exceeds that of the second year, and for which no comparable additional benefit is provided in the first year in return for the excess premium and which provides an endowment benefit or a cash surrender value or a combination thereof in an amount greater than the excess premium, the reserve according to the Commissioners' reserve valuation method as of any policy anniversary occurring on or before the assumed ending date, which is the first policy anniversary on which the sum of any endowment benefit and any cash surrender value then available is greater than the excess premium, must, except as otherwise provided in NRS 681B.150 , be the greater of: (a) The reserve as of the policy anniversary calculated as described in subsection 1; and (b) The reserve as of the policy anniversary calculated as described in subsection 1, but with: (1) The value defined in paragraph (a) of subsection 1 being reduced by 15 percent of the amount of the excess first-year premium; (2) All present values of benefits and premiums being determined without reference to premiums or benefits provided for by the policy after the assumed ending date; (3) The policy being assumed to mature on such date as an endowment; and (4) The cash surrender value provided on that date being considered as an endowment benefit. In making the above comparison, the mortality and interest bases stated in NRS 681B.120 and 681B.125 must be used.

3. Reserves according to the Commissioners' reserve valuation method for: (a) Life insurance policies providing for a varying amount of insurance or requiring the payment of varying premiums; (b) Group annuity and pure endowment contracts purchased under a retirement plan or plan of deferred compensation, established or maintained by an employer (including a partnership or sole proprietorship), by an employee organization or by both, other than a plan providing individual retirement accounts or individual retirement annuities under section 408 of the Internal Revenue Code , as amended; (c) Disability and accidental death benefits in all policies and contracts; and (d) All other benefits, except life insurance and endowment benefits in life insurance policies and benefits provided by all other annuity and pure endowment contracts, must be calculated by a method consistent with the principles of subsection 1 and this subsection, except that any extra premiums charged because of impairments or special hazards must be disregarded in the determination of modified net premiums.

4. This subsection applies to all annuity and pure endowment contracts except those group annuity and pure endowment contracts for which reserves according to the Commissioners' reserve valuation method are to be calculated by a method consistent with the principles of subsections 1, 2 and 3. Reserves according to the Commissioners' annuity reserve method for benefits under annuity or pure endowment contracts, excluding any disability and accidental death benefits in those contracts must be the greatest of the respective excesses of the present values, at the date of valuation, of the future guaranteed benefits, including guaranteed nonforfeiture benefits, provided for by those contracts at the end of each respective contract year, over the present value, at the date of valuation, of any future valuation considerations derived from future gross considerations, required by the terms of the contract, which become payable before the end of such respective contract year. The future guaranteed benefits must be determined by using the mortality table, if any, and the interest rate or rates specified in such contracts for determining guaranteed benefits. The valuation considerations are the portions of the respective gross considerations applied under the terms of the contracts to determine nonforfeiture values.

5. An insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after January 1, 1972, must not be less than the aggregate reserves calculated in accordance with the methods set forth in this section, NRS 681B.145 and 681B.150 , and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for those policies.

6. An insurer's aggregate reserves for all policies, contracts and benefits must not be less than the aggregate reserves determined by a qualified actuary to be necessary for a favorable opinion under NRS 681B.210 and 681B.220 .

7. The minimum standard for the valuation of policies and contracts issued before January 1, 1972, must be that provided by the laws in effect immediately preceding that date.

8. Except as otherwise provided in NRS 681B.310 , the provisions of this section apply only to, or in connection with, policies and contracts issued on or after January 1, 1972, and before the operative date of the Valuation Manual .
Nev. Rev. Stat. § 694B.040 — NV Code / Title 57 / Chapter 694B / Section 694B.040
Name; suits
Status: in_force

A reciprocal insurer shall:

1. Have and use a business name. The name shall include the word “reciprocal,” or “interinsurer,” or “interinsurance,” or “exchange,” or “underwriters,” or “underwriting,” or “association.”

2. Sue and be sued in its own name.
Nev. Rev. Stat. § 679B.700 — NV Code / Title 57 / Chapter 679B / Section 679B.700
Special Investigative Account; annual assessment for costs of program to investigate acts or practices of fraud; regulations
Status: in_force

1. The Special Investigative Account is hereby established in the Fund for Insurance Administration and Enforcement created by NRS 680C.100 for use by the Commissioner. The Commissioner shall deposit all money received pursuant to this section with the State Treasurer for credit to the Account. Money remaining in the Account at the end of a fiscal year does not lapse to the State General Fund and may be used by the Commissioner in any subsequent fiscal year for the purposes of this section.

2. The Commissioner shall: (a) In cooperation with the Attorney General, biennially prepare and submit to the Governor, for inclusion in the executive budget, a proposed budget for the program established pursuant to NRS 679B.630 ; and (b) Authorize expenditures from the Special Investigative Account to pay the expenses of the program established pursuant to NRS 679B.630 and of any unit established in the Office of the Attorney General that investigates and prosecutes insurance fraud.

3. The money authorized for expenditure pursuant to paragraph (b) of subsection 2 must be distributed in the following manner: (a) Fifteen percent of the money authorized for expenditure must be paid to the Commissioner to oversee and enforce the program established pursuant to NRS 679B.630 ; and (b) Eighty-five percent of the money authorized for expenditure must be paid to the Attorney General to pay the expenses of the unit established in the Office of the Attorney General that investigates and prosecutes insurance fraud.

4. Except as otherwise provided in subsection 5, costs of the program established pursuant to NRS 679B.630 must be paid by the insurers authorized to transact insurance in this State. The Commissioner shall collect an annual assessment from each insurer authorized to transact insurance in this State. The annual amount so assessed to each insurer: (a) Is $1,000, if the total amount of the premiums charged to insureds in this State by the insurer is less than $100,000 or if the insurer is a reinsurer that has the authority to assume only reinsurance; (b) Is $1,500, if the total amount of the premiums charged to insureds in this State by the insurer is $100,000 or more, but less than $1,000,000; (c) Is $2,000, if the total amount of the premiums charged to insureds in this State by the insurer is $1,000,000 or more, but less than $10,000,000; (d) Is $3,000, if the total amount of the premiums charged to insureds in this State by the insurer is $10,000,000 or more, but less than $50,000,000; and (e) Is $4,000, if the total amount of the premiums charged to insureds in this State by the insurer is $50,000,000 or more.

5. The provisions of this section do not apply to an insurer who provides only workers' compensation insurance and pays the assessment provided in NRS 232.680 .

6. The Commissioner shall adopt regulations to carry out the provisions of this section, including, without limitation, the collection of the assessment.

7. As used in this section, “reinsurer” has the meaning ascribed to it in NRS 681A.370 .
Nev. Rev. Stat. § 683A.1845 — NV Code / Title 57 / Chapter 683A / Section 683A.1845
License to offer, sell, solicit or negotiate personal property storage insurance: Issuance by Commissioner; requirements for issuance and renewal; coverage; exception from licensure for owner displaying and making available marketing and promotional materials
Status: in_force

1. The Commissioner may issue to an owner who is in compliance with the requirements of NRS 683A.181 to 683A.189 , inclusive, and any regulations adopted pursuant thereto, a license to offer, sell, solicit or negotiate personal property storage insurance pursuant to NRS 683A.181 to 683A.189 , inclusive, to occupants who have entered into a rental agreement with the owner.

2. Notwithstanding the provisions of NRS 683A.185 , a license for personal property storage insurance may be issued and renewed pursuant to NRS 683A.261 .

3. A license issued pursuant to this section covers all facilities at which the owner conducts business. The Commissioner may renew the license if the licensee remains in compliance with the requirements of NRS 683A.181 to 683A.189 , inclusive, and any regulations adopted pursuant thereto.

4. An owner is not required to be licensed under this chapter solely to display and make available marketing and promotional materials created by an authorized insurer offering a product pursuant to NRS 683A.181 to 683A.189 , inclusive.
Nev. Rev. Stat. § 691E.310 — NV Code / Title 57 / Chapter 691E / Section 691E.310
Use of negative option or opt out process prohibited
Status: in_force

A person shall not sell, solicit or negotiate travel insurance or a travel protection plan on an individual or group basis using a negative option or opt out process that requires a person who purchases a trip to take an affirmative action to refuse travel insurance coverage, including, without limitation, unchecking a box on an electronic form.
Nev. Rev. Stat. § 695B.390 — NV Code / Title 57 / Chapter 695B / Section 695B.390
Annual report; insurer required to maintain records of complaints concerning something other than health care services
Status: in_force

1. Each insurer that issues a contract for hospital or medical services in this State shall submit to the Commissioner an annual report regarding its system for resolving complaints established pursuant to subsection 1 of NRS 695B.380 on a form prescribed by the Commissioner which includes, without limitation: (a) A description of the procedures used for resolving any complaints of an insured; (b) The total number of complaints and appeals handled through the system for resolving complaints since the last report and a compilation of the causes underlying the complaints filed; (c) The current status of each complaint and appeal filed; and (d) The average amount of time that was needed to resolve a complaint and an appeal, if any.

2. Each insurer shall maintain records of complaints filed with it which concern something other than health care services and shall submit to the Commissioner a report summarizing such complaints at such times and in such format as the Commissioner may require.
Nev. Rev. Stat. § 689B.0357 — NV Code / Title 57 / Chapter 689B / Section 689B.0357
Required provision in policy covering hospital, medical or surgical expenses concerning coverage for management and treatment of diabetes
Status: in_force

1. No group policy of health insurance that provides coverage for hospital, medical or surgical expenses may be delivered or issued for delivery in this state unless the policy 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 a policy specified in subsection 1: (a) Shall include in any disclosure of the coverage provided by the policy notice to each policyholder and subscriber under the policy of the availability of the benefits required by this section. (b) Shall provide the coverage required by this section subject to the same deductible, copayment, coinsurance and other such conditions for coverage that are required under the policy.

3. A policy 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 policy 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 employee or member of the insured group after the employee or member 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 employee or member of the insured group and which requires modification of his or her 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. § 686C.156 — NV Code / Title 57 / Chapter 686C / Section 686C.156
Issuance of substitute coverage for policy or contract that uses external reference for calculating returns or changes in value
Status: in_force

In carrying out its duties in connection with guaranteeing, assuming, reissuing or reinsuring a policy or contract under NRS 686C.150 and 686C.152 , the Association may issue substitute coverage for a policy or contract that provides an interest rate, crediting rate or similar factor determined by use of an index or other external reference stated in the policy or contract employed in calculating returns or changes in value by issuing an alternative policy or contract if:

1. In lieu of the index or other external reference stated in the original policy or contract, the alternative policy or contract provides for a fixed interest rate, payment of dividends guaranteed as to minimum amount, or a different method of calculating interest or changes in value;

2. There is no requirement for evidence of insurability, waiting period or other exclusion that would not have applied under the replaced policy or contract; and

3. The alternative policy or contract is substantially similar to the replaced policy or contract in all other material terms.
Nev. Rev. Stat. § 692A.1045 — NV Code / Title 57 / Chapter 692A / Section 692A.1045
Revised Statutes Title insurers and title agents: Fees for supervision and examination by Commissioner; standards for determining adequate supervision of title agents and escrow officers; regulations
Status: in_force

1. The Commissioner shall establish by regulation the fees to be paid by title agents and title insurers for their supervision and examination by the Commissioner or a representative of the Commissioner.

2. In establishing the fees pursuant to subsection 1, the Commissioner shall consider: (a) The complexity of the various examinations to which the fees apply; (b) The skill required to conduct such examinations; (c) The expenses associated with conducting such examinations and preparing reports; and (d) Any other factors the Commissioner deems relevant.

3. The Commissioner shall, with the approval of the Commissioner of Financial Institutions, adopt regulations prescribing the standards for determining whether a title insurer or title agent has maintained adequate supervision of a title agent or escrow officer pursuant to the provisions of this chapter.
Nev. Rev. Stat. § 686A.080 — NV Code / Title 57 / Chapter 686A / Section 686A.080
Defamatory statement concerning person engaged or proposing to engage in business of insurance prohibited
Status: in_force

No person shall make, publish, disseminate or circulate, directly or indirectly, or aid, abet or encourage the making, publishing, disseminating or circulating of any oral or written statement or any pamphlet, circular, article or literature which is false, or maliciously critical of or derogatory to an insurer, or of an organization proposing to become an insurer, and which is calculated to injure any person engaged or proposing to engage in the business of insurance.