Nev. Rev. Stat. § 693A.180 — NV Code / Title 57 / Chapter 693A / Section 693A.180
Borrowing
Status: in_force

1. A domestic stock or mutual insurer may without pledge of assets borrow money to defray expenses of its organization, provide surplus funds or for any purpose of its business, upon a written agreement that such money is required to be repaid only out of the insurer's surplus in excess of that stipulated in such agreement. The agreement may provide for interest not exceeding 6 percent per annum, which interest shall or shall not constitute a liability of the insurer as to its funds other than such excess of surplus, as stipulated in the agreement. No commission or promotion expense shall be paid in connection with any such loan, except that if a public offering and sale is made of the loan securities the insurer may pay the reasonable costs thereof approved by the Commissioner.

2. Money so borrowed, together with the interest thereon if so stipulated in the agreement, shall not form a part of the insurer's legal liabilities except as to its surplus in excess of the amount thereof stipulated in the agreement, or be the basis of any setoff; but until repaid, financial statements filed or published by the insurer shall show as a footnote thereto the amount thereof then unpaid together with any interest thereon accrued but unpaid.

3. Any such loan shall be subject to the Commissioner's approval. The insurer shall, in advance of the loan, file with the Commissioner a statement of the purpose of the loan and a copy of the proposed loan agreement. The loan and agreement shall be deemed approved unless within 15 days after the date of such filing the insurer is notified of the Commissioner's disapproval and the reasons therefor. The Commissioner shall disapprove any proposed loan or agreement if the Commissioner finds the loan is unnecessary or excessive for the purpose intended, or that the terms of the loan agreement are not fair and equitable to the parties and to other similar lenders, if any, to the insurer, or that the information so filed by the insurer is inadequate.

4. Any such loan to a mutual insurer or substantial portion thereof shall be repaid by the insurer when no longer reasonably necessary for the purpose originally intended. No repayment of such a loan shall be made by a mutual insurer unless approved in advance by the Commissioner.

5. This section does not apply to other kinds of loans obtained by the insurer in the ordinary course of business, or to loans secured by a pledge or mortgage of assets.
Nev. Rev. Stat. § 685A.0375 — NV Code / Title 57 / Chapter 685A / Section 685A.0375
“Nonadmitted insurer” defined
Status: in_force

1. “ Nonadmitted insurer ” means an insurer not authorized to engage in the business of insurance in this State.

2. The term includes a domestic surplus lines insurer.

3. The term does not include a risk retention group as that term is defined in 15 U.S.C. § 3901(a)(4) .
Nev. Rev. Stat. § 689A.150 — NV Code / Title 57 / Chapter 689A / Section 689A.150
Legal actions
Status: in_force

There shall be a provision as follows:

Legal Actions: No action at law or in equity shall be brought to recover on this policy prior to the expiration of 60 days after written proof of loss has been furnished in accordance with the requirements of this policy. No such action shall be brought after the expiration of 3 years after the time written proof of loss is required to be furnished.
Nev. Rev. Stat. § 682A.079 — NV Code / Title 57 / Chapter 682A / Section 682A.079
“Foreign investment” defined
Status: in_force

“ Foreign investment ” means an investment in a foreign jurisdiction, or an investment in a person, real estate or asset domiciled in a foreign jurisdiction, that is substantially of the same type as those eligible for investment in accordance with this chapter, other than an investment made in accordance with NRS 682A.440 to 682A.448 , inclusive, and 682A.550 to 682A.558 , inclusive.
Nev. Rev. Stat. § 682A.139 — NV Code / Title 57 / Chapter 682A / Section 682A.139
“Mortgage loan” defined
Status: in_force

“ Mortgage loan ” means an obligation secured by a mortgage, deed of trust, trust deed or other consensual lien on real estate.
Nev. Rev. Stat. § 688A.070 — NV Code / Title 57 / Chapter 688A / Section 688A.070
Entire contract
Status: in_force

There shall be a provision that except as otherwise expressly provided by law, the policy and the application therefor, if a copy of such application is endorsed upon or attached to the policy when issued, shall constitute the entire contract between the parties, and that all statements contained in the application shall, in the absence of fraud, be deemed representations and not warranties.
Nev. Rev. Stat. § 688C.100 — NV Code / Title 57 / Chapter 688C / Section 688C.100
“Special organization” defined
Status: in_force

“ Special organization ” means an organization formed by a licensed provider of viatical settlements solely to enable the provider to gain access to institutional markets for capital.
Nev. Rev. Stat. § 695A.006 — NV Code / Title 57 / Chapter 695A / Section 695A.006
“Certificate” defined
Status: in_force

“Certificate” means the document issued as written evidence of the benefit contract.
Nev. Rev. Stat. § 687B.694 — NV Code / Title 57 / Chapter 687B / Section 687B.694
Access to services and contractual discounts of a provider of health care: Requirements for granting access; termination; confidentiality
Status: in_force

1. A health carrier shall not grant access to services and contractual discounts of a provider of health care pursuant to a provider network contract unless: (a) The provider network contract specifically states that the health carrier may enter into an agreement with a third party allowing the third party to obtain the rights and responsibilities of the health carrier under the provider network contract as if the third party were the health carrier; and (b) The third party accessing the provider network contract is contractually obligated to comply with all applicable terms, limitations and conditions of the provider network contract.

2. A health carrier that grants access to services and contractual discounts of a provider of health care pursuant to a provider network contract shall: (a) Identify and provide to the provider of health care, upon request at the time a provider network contract is entered into with a provider of health care, a written or electronic list of all third parties known at the time of contracting to which the health carrier has or will grant access to the services and contractual discounts of a provider of health care pursuant to a provider network contract. (b) Maintain an Internet website or other readily available mechanism, such as a toll-free telephone number, through which a provider of health care may obtain a listing, at least every 90 days, of the third parties with which the health carrier or another third party has executed contracts to grant access to such services and contractual discounts of a provider of health care pursuant to a provider network contract. (c) Provide the third party with sufficient information regarding the provider network contract to enable the third party to comply with all relevant terms, limitations and conditions of the provider network contract. (d) Require that the third party who contracts with the health carrier to gain access to the provider network contract identify the source of the contractual discount taken by the third party on each remittance advice or explanation of payment form furnished to a provider of health care when such discount is pursuant to the provider network contract of the health carrier. (e) Notify the third party who contracts with the health carrier to gain access to the provider network contract of the termination of the provider network contract not later than 90 days prior to the effective date of the final termination of the provider network contract. The notice required under this paragraph may be delivered through any reasonable means, including, without limitation, a written notice, electronic communication, or an update to an electronic database or other provider of health care listing. (f) Require that those that are by contract eligible to claim the right to access a discounted rate of a provider of health care to cease claiming entitlement to those rates or other contracted rights or obligations for services rendered after termination of the provider network contract.

3. Subject to any continuity of care requirements, agreements or contractual provisions: (a) Not less than 30 days before the date of termination of a provider network contract, a health carrier shall provide written notification of the contract termination to the affected providers of health care and covered persons; (b) A third party's right to access services and contractual discounts of a provider of health care pursuant to a provider network contract shall terminate not earlier than 90 days after the provider network contract is terminated; (c) Claims for health care services performed after the termination date of the provider network contract are not eligible for processing and payment in accordance with the provider network contract; and (d) Claims for health care services performed before the termination date of the provider network contract, but processed after the termination date, are eligible for processing and payment in accordance with the provider network contract.

4. All information made available to a provider of health care in accordance with the requirements of NRS 687B.693 to 687B.697 , inclusive, is confidential and must not be disclosed to any person or entity not involved in the provider of health care's practice or business or the administration thereof without the prior written consent of the health carrier.

5. Nothing contained in NRS 687B.693 to 687B.697 , inclusive, shall be construed to prohibit a health carrier from requiring the provider of health care to execute a reasonable confidentiality agreement to ensure that confidential or proprietary information disclosed by the health carrier is not used for any purpose other than the direct practice or business management or billing activities of the provider of health care.
Nev. Rev. Stat. § 691C.230 — NV Code / Title 57 / Chapter 691C / Section 691C.230
“Single-interest insurance” defined
Status: in_force

“ Single-interest insurance ” means credit personal property insurance covering only the interest of the seller or creditor in goods purchased through a credit transaction or pledged as collateral in a credit transaction.
Nev. Rev. Stat. § 696B.200 — NV Code / Title 57 / Chapter 696B / Section 696B.200
Jurisdiction over related persons and transactions; service of process
Status: in_force

1. A court of this state in which an order of rehabilitation or liquidation has been entered in delinquency proceedings against a domestic insurer or alien insurer domiciled in this state, has jurisdiction also over persons, served as provided in subsection 2, in an action brought by the insurer's receiver on or arising out of such obligation or relationship, as follows: (a) Persons obligated to the insurer as a result of agency or brokerage or transactions between such persons and the insurer; (b) Reinsurers of the insurer and their representatives; and (c) Past or present officers, managers, trustees, directors, organizers and promoters of the insurer, and other persons in positions of similar responsibility with the insurer.

2. As to those of such persons who are in this state, personal service of process shall be made as in other civil actions. As to those of such persons who cannot be found in this state at the time process is to be served, personal service of process shall be made thereon by a public officer of the jurisdiction in which such person may be found, in the same manner as personal service of process is required to be made within this state under the Nevada Rules of Civil Procedure; and the affidavit or certificate under oath setting forth the facts of such service shall be filed in the court in this state in which the action is pending.
Nev. Rev. Stat. § 681A.155 — NV Code / Title 57 / Chapter 681A / Section 681A.155
Reinsurance ceded to assuming certified reinsurer
Status: in_force

Credit must be allowed when the reinsurance is ceded to an assuming insurer that has been certified by the Commissioner as a reinsurer in this State and secures its obligations in accordance with the requirements of this chapter.
Nev. Rev. Stat. § 682A.027 — NV Code / Title 57 / Chapter 682A / Section 682A.027
“Cap” defined
Status: in_force

“ Cap ” means an agreement obligating the seller to make payments to the buyer, with each payment based on the amount by which a reference price or level, or the performance or value of one or more underlying interests, exceeds a predetermined number, sometimes referred to as the strike rate or strike price.
Nev. Rev. Stat. § 689.495 — NV Code / Title 57 / Chapter 689 / Section 689.495
Permit: Surety bond or deposit required; replacement bond; release of deposit; waiver
Status: in_force

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

2. The Commissioner may waive the requirements of subsection 1 if the seller agrees: (a) To offer for sale only prepaid contracts that are payable solely from the proceeds of a policy of life insurance; and (b) Not to collect any money from the purchaser of a prepaid contract.
Nev. Rev. Stat. § 688A.364 — NV Code / Title 57 / Chapter 688A / Section 688A.364
Statement that policy does not provide cash surrender benefits or death benefits equal to nonforfeiture amount
Status: in_force

Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount before the commencement of any annuity payments shall include a statement in a prominent place in the contract that such benefits are not provided.
Nev. Rev. Stat. § 689.460 — NV Code / Title 57 / Chapter 689 / Section 689.460
“Burial services” defined
Status: in_force

“ Burial services ” means those services normally performed by a cemetery authority under a preneed sales agreement for the opening and closing of graves, crypts and niches, and other services in relation thereto.
Nev. Rev. Stat. § 682A.448 — NV Code / Title 57 / Chapter 682A / Section 682A.448
Calculation of foreign investments for purposes of determining compliance with limitations
Status: in_force

Investments acquired in conformance with NRS 682A.440 to 682A.448 , inclusive, must be aggregated with investments of the same types made under this chapter, and in a similar manner, for purposes of determining compliance with the limitations, if any, contained in this chapter. Investments in obligations of foreign governments, their political subdivisions and government-sponsored enterprises of these persons, except for those exempted by NRS 682A.444 and 682A.446 , are subject to the limitations of NRS 682A.402 , 682A.404 and 682A.406 .
Nev. Rev. Stat. § 681B.0027 — NV Code / Title 57 / Chapter 681B / Section 681B.0027
“Appointed actuary” defined
Status: in_force

“ Appointed actuary ” means a qualified actuary who is appointed in accordance with the Valuation Manual to prepare the actuarial opinion required by NRS 681B.350 .
Nev. Rev. Stat. § 683A.086 — NV Code / Title 57 / Chapter 683A / Section 683A.086
Agreement with insurer required; contents of agreement; retention of copy of agreement; trust agreements; delegation of duties of administrator; regulations specifying permissible functions; termination of agreement
Status: in_force

1. No person may act as an administrator unless the person has entered into a written agreement with an insurer, and the written agreement contains provisions to effectuate the requirements contained in NRS 683A.08522 to 683A.08528 , inclusive, 683A.087 to 683A.0883 , inclusive, and 683A.0892 which apply to the duties of the administrator.

2. The written agreement must set forth: (a) The duties the administrator will be required to perform on behalf of the insurer; and (b) The lines, classes or types of insurance that the administrator is authorized to administer on behalf of the insurer.

3. A copy of an agreement entered into under the provisions of this section must be retained in the records of the administrator and of the insurer for a period of 5 years after the termination of the agreement.

4. When a policy is issued to a trustee or trustees, a copy of the trust agreement and amendments must be obtained by the administrator and a copy forwarded to the insurer. Each agreement must be retained by the administrator and the insurer for a period of 5 years after the termination of the policy.

5. Except as otherwise provided in NRS 616B.500 and 616B.503 , an administrator who has obtained a certificate of registration as an administrator from the Commissioner pursuant to NRS 683A.08524 may delegate any of the duties of the administrator to an administrator who has not obtained such a certificate of registration only if the delegating administrator has first obtained the written approval of the Commissioner.

6. The Commissioner may adopt regulations which specify the functions an administrator may perform on behalf of an insurer.

7. The insurer or administrator may, upon written notice to the other party to the agreement and to the Commissioner, terminate the written agreement for any cause specified in the agreement. The insurer may suspend the authority of the administrator while any dispute regarding the cause for termination is pending. The insurer shall perform any obligations with respect to the policies affected by the agreement regardless of any dispute with the administrator.
Nev. Rev. Stat. § 684A.180 — NV Code / Title 57 / Chapter 684A / Section 684A.180
Records
Status: in_force

1. Each adjuster shall keep at his or her business address shown on the adjuster's license a record of all transactions under the license.

2. The record shall include: (a) A copy of each contract between an independent adjuster and an insurer or self-insurer. (b) A copy of all investigations or adjustments undertaken. (c) A statement of any fee, commission or other compensation received or to be received by the adjuster on account of such investigation or adjustment.

3. The adjuster shall make such records available for examination by the Commissioner at all times, and shall retain the records for at least 3 years after the closure of the claim to which the records apply.

4. An independent adjuster shall comply with any record retention policy agreed to in a contract between the independent adjuster and an insurer or self-insurer to the extent that such a policy imposes a requirement to retain records for a longer period than the period required by this section.
Nev. Rev. Stat. § 693A.320 — NV Code / Title 57 / Chapter 693A / Section 693A.320
Acquisition of controlling stock
Status: in_force

1. Any person proposing to acquire the controlling capital stock of any domestic stock insurer and thereby to change the control of the insurer, other than through merger or consolidation or affiliation as provided for in NRS 693A.310 and 693A.330 , must first apply to the Commissioner in writing for approval of the proposed change of control. The application must state the names and addresses of the proposed new owners of the controlling stock and contain such additional information as the Commissioner may reasonably require.

2. The Commissioner shall not approve the proposed change of control if the Commissioner finds that: (a) The proposed new owners are not qualified by character, experience and financial responsibility to control and operate the insurer, or cause the insurer to be operated, in a lawful and proper manner; (b) As a result of the proposed change of control the insurer may not be qualified for a certificate of authority under the provisions of NRS 680A.090 ; (c) The interests of the insurer or other stockholders of the insurer or policyholder would be materially harmed through the proposed change of control; or (d) The proposed change of control would tend materially to lessen competition, or to create any monopoly, in a business of insurance in this state or elsewhere.

3. If the Commissioner does not by affirmative action approve or disapprove the proposed change of control within 60 days after the date the application was so filed with the Commissioner, the proposed change may be made without the approval of the Commissioner, but if the Commissioner gives notice to the parties of a hearing to be held by the Commissioner with respect to the proposed change of control, and the hearing is held within the 30 days or on a date mutually acceptable to the Commissioner and the parties, the Commissioner has 10 days after the conclusion of the hearing within which to so approve or disapprove the proposed change. If not so approved or disapproved, the change may thereafter be made without the Commissioner's approval.

4. If the Commissioner disapproves the proposed change, the Commissioner shall give written notice thereof to the parties, setting forth in detail the reasons for disapproval.

5. The Commissioner shall suspend or revoke the certificate of authority of any insurer the control of which has been changed in violation of this section.

6. The Commissioner may retain at the acquiring party's expense attorneys, actuaries, accountants and other experts not otherwise a part of the staff of the Commissioner as may be necessary only for the review of the proposed acquisition of control. Such a review may be conducted only if the parties fail to provide sufficient information to the Commissioner. Expenses chargeable to the acquiring party pursuant to this subsection must not exceed 1 percent of the acquired insurer's net revenue during the year immediately preceding the year in which the application for change of control is filed with the Commissioner pursuant to subsection 1.
Nev. Rev. Stat. § 695D.040 — NV Code / Title 57 / Chapter 695D / Section 695D.040
“Dentist” defined
Status: in_force

“ Dentist ” includes a dental hygienist and an expanded function dental assistant.
Nev. Rev. Stat. § 686A.015 — NV Code / Title 57 / Chapter 686A / Section 686A.015
Jurisdiction of Commissioner; Commissioner required to establish program to investigate unfair and deceptive trade practices
Status: in_force

1. Notwithstanding any other provision of law, the Commissioner has exclusive jurisdiction in regulating the subject of trade practices in the business of insurance in this state.

2. The Commissioner shall establish a program within the Division to investigate any act or practice which constitutes an unfair or deceptive trade practice in violation of the provisions of NRS 686A.010 to 686A.310 , inclusive.
Nev. Rev. Stat. § 693A.120 — NV Code / Title 57 / Chapter 693A / Section 693A.120
Prohibited pecuniary interest of officers; regulations
Status: in_force

1. Any officer or director, or any member of any committee or an employee of a domestic insurer, having the duty or power of investing or handling the insurer's funds, shall not: (a) Deposit or invest such funds except in the insurer's name; (b) Borrow the fund of the insurer, or be pecuniarily interested in any loan, pledge, deposit, security, investment, sale, purchase, exchange, reinsurance or other similar transaction or property of the insurer except as a stockholder, member, employee or director, unless the transaction is authorized or approved by the insurer's board of directors, with the knowledge and recording of such pecuniary interest, by an affirmative vote of not less than two-thirds of the directors; and (c) Take or receive to his or her own use any fee, brokerage, commission, gift or other similar consideration for or on account of any such transaction made by or on behalf of the insurer.

2. No insurer shall guarantee the financial obligation of any of its officers or directors.

3. This section does not prohibit: (a) Such a director, officer, member of a committee or employee from becoming a policyholder of the insurer and enjoying the usual rights of a policyholder or from participating as beneficiary in any pension trust, deferred compensation plan, profit-sharing plan, stock option plan or similar plan authorized by the insurer and to which he or she may be eligible; or (b) Any director or member of a committee from receiving a reasonable fee for lawful services actually rendered to the insurer.

4. The Commissioner may, by regulation from time to time, define and permit additional exceptions to the prohibitions contained in subsection 1 solely to enable payment of reasonable compensation to a director who is not otherwise an officer or employee of the insurer, or to a corporation or firm in which a director is interested, for necessary services performed or sales or purchases made to or for the insurer in the ordinary course of the insurer's business and in the usual private, professional or business capacity of such director, corporation or firm.
Nev. Rev. Stat. § 687B.440 — NV Code / Title 57 / Chapter 687B / Section 687B.440
Umbrella policies: Requirement of signed disclosure statement from individual indicating whether policy includes uninsured or underinsured motorist coverage; form
Status: in_force

1. An insurer offering an umbrella policy to an individual shall obtain a signed disclosure statement from the individual indicating whether the umbrella policy includes uninsured or underinsured vehicle coverage.

2. The disclosure statement for an umbrella policy that includes uninsured or underinsured vehicle coverage must be on a form provided by the Commissioner or in substantially the following form: UMBRELLA POLICY DISCLOSURE STATEMENT UNINSURED/UNDERINSURED VEHICLE COVERAGE ☐ Your Umbrella Policy coverage in excess of the limits of the uninsured/underinsured vehicle coverage in your auto insurance only if the requirements for the uninsured/underinsured vehicle coverage in your underlying auto insurance are maintained. Your uninsured/underinsured vehicle coverage provided by this umbrella policy is limited to $_________. I understand and acknowledge the above disclosure. ____________________ ____________ Insured Date

3. The disclosure statement for an umbrella policy that does not include uninsured or underinsured vehicle coverage must be on a form provided by the commissioner or in substantially the following form: ☐ Your Umbrella Liability Policy any uninsured/underinsured vehicle coverage. I understand and acknowledge the above disclosure. ____________________ ____________ Insured Date

4. As used in this section, “umbrella policy” means a policy that protects a person against losses in excess of the underlying amount required to be covered by other policies.
Nev. Rev. Stat. § 693A.010 — NV Code / Title 57 / Chapter 693A / Section 693A.010
Scope
Status: in_force

1. Except as provided in subsection 2, this chapter applies only to domestic stock insurers and domestic mutual insurers.

2. Subsection 3 of NRS 693A.050 also applies to foreign and alien insurers whose principal United States offices are located in this state; and subsection 5 of NRS 693A.250 applies to the issuance of nonassessable policies by foreign mutual insurers.
Nev. Rev. Stat. § 686B.010 — NV Code / Title 57 / Chapter 686B / Section 686B.010
Construction and purposes
Status: in_force

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

2. The purposes of NRS 686B.010 to 686B.1799 , inclusive, are to: (a) Protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates; (b) Encourage, as the most effective way to produce rates that conform to the standards of paragraph (a), independent action by and reasonable price competition among insurers; (c) Provide formal regulatory controls for use if independent action and price competition fail; (d) Authorize cooperative action among insurers in the rate-making process, and to regulate such cooperation in order to prevent practices that tend to bring about monopoly or to lessen or destroy competition; (e) Encourage the most efficient and economic marketing practices; and (f) Regulate the business of insurance in a manner that will preclude application of federal antitrust laws.
Nev. Rev. Stat. § 692A.220 — NV Code / Title 57 / Chapter 692A / Section 692A.220
Search and examination and determination of insurability of title required; retention of records
Status: in_force

1. No policy or contract of title insurance may be completed or executed until the title insurer has or has caused to be: (a) Conducted a reasonable search and examination of the title; and (b) Determined the insurability of the title in accordance with its established underwriting practices.

2. Each title insurer shall maintain records and evidence of its search and examination and of its determination of insurability for a period of not less than 5 years after the date of the policy or contract.
Nev. Rev. Stat. § 694B.080 — NV Code / Title 57 / Chapter 694B / Section 694B.080
Power of attorney
Status: reserved

1. The rights and powers of the attorney of a reciprocal insurer shall be as provided in the power of attorney given it by the subscribers.

2. The power of attorney must set forth: (a) The powers of the attorney; (b) If a domestic insurer, that the attorney is empowered to accept service of process on behalf of the insurer in actions against the insurer upon contracts exchanged; (c) The general services to be performed by the attorney; (d) The maximum amount, if any, to be deducted from advance premiums or deposits to be paid to the attorney and the general items of expense, if any, in addition to losses, to be paid by the insurer; and (e) Except as to nonassessable policies, a provision for a contingent several liability of each subscriber in a specified amount which amount shall be not less than one nor more than 10 times the premium or premium deposit stated in the policy.

3. The power of attorney may: (a) Provide for the right of substitution of the attorney and revocation of the power of attorney and rights thereunder; (b) Impose such restrictions upon the exercise of the power as are agreed upon by the subscribers; (c) Provide for the exercise of any right reserved to the subscribers directly or through their advisory committee; and (d) Contain other lawful provisions deemed advisable.

4. The terms of any power of attorney or agreement collateral thereto shall be reasonable and equitable, and no such power or agreement shall be used or be effective in this state until approved by the Commissioner.
Nev. Rev. Stat. § 682A.135 — NV Code / Title 57 / Chapter 682A / Section 682A.135
“Medium grade investment” defined
Status: in_force

“ Medium grade investment ” means a rated credit instrument that is rated 3 by the SVO.
Nev. Rev. Stat. § 694A.080 — NV Code / Title 57 / Chapter 694A / Section 694A.080
Regulations; classification of insurers and securities; acts done or omitted in good faith
Status: in_force

1. The Commissioner shall have the power to make such rules and regulations as may be necessary for the execution of the functions vested in the Commissioner by NRS 694A.010 to 694A.070 , inclusive, and may for such purpose classify domestic stock insurers, securities and other persons or matters within the jurisdiction of the Commissioner.

2. No provision of NRS 694A.020 , 694A.030 and 694A.040 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the Commissioner, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.
Nev. Rev. Stat. § 695A.450 — NV Code / Title 57 / Chapter 695A / Section 695A.450
Annual statement of financial condition, transactions and affairs: Filing; fee; contents; provision to members; valuation of certificates
Status: in_force

1. Every society transacting business in this state shall annually, on or before the first day of March, unless for cause shown the time has been extended by the Commissioner, file with the Commissioner a true statement of its financial condition, transactions and affairs for the preceding calendar year and pay a filing fee of $25. The statement must be in such general form and context as approved by the National Association of Insurance Commissioners for fraternal benefit societies and as supplemented by additional information required by the Commissioner. The statement must include separately from the society's admitted assets all real or personal property owned, held or leased by the society for the purposes of its nonprofit institutions operated pursuant to NRS 695A.090 .

2. A synopsis of its annual statement providing an explanation of the facts concerning the condition of the society thereby disclosed must be printed and mailed to each benefit member of the society not later than June 1 of each year, or, in lieu thereof, the synopsis may be published in the society's official publication established pursuant to NRS 695A.120 .

3. As a part of the annual statement required by subsection 1, each society shall, on or before the first day of March, file with the Commissioner a valuation of its certificates in force on the preceding December 31. The Commissioner may, in the discretion of the Commissioner for cause shown, extend the time for filing the valuation for not more than 2 calendar months. The valuation must be done pursuant to NRS 695A.490 . The valuation and supporting data must be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state in which the society is domiciled.
Nev. Rev. Stat. § 693A.405 — NV Code / Title 57 / Chapter 693A / Section 693A.405
“Closed block” defined
Status: in_force

“ Closed block ” means an allocation of assets of the converting mutual sufficient to maintain payments of guaranteed benefits and the continuation of the current dividends for eligible members.
Nev. Rev. Stat. § 686C.048 — NV Code / Title 57 / Chapter 686C / Section 686C.048
“Annuity” defined
Status: in_force

“ Annuity ” includes an agreement for allocated funding, a structured settlement annuity and an immediate or deferred annuity.
Nev. Rev. Stat. § 684A.143 — NV Code / Title 57 / Chapter 684A / Section 684A.143
Payment of child support: Statement by applicant for license; grounds for denial of license or renewal; duty of Commissioner
Status: in_force

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

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

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

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

4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.
Nev. Rev. Stat. § 689A.440 — NV Code / Title 57 / Chapter 689A / Section 689A.440
Insurer prohibited from asserting certain grounds to deny enrollment of child of insured pursuant to order
Status: in_force

An insurer shall not deny the enrollment of a child pursuant to an order for medical coverage, under a policy of health insurance pursuant to which a parent of the child is insured, on the ground that the child:

1. Was born out of wedlock;

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

3. Does not reside with the parent or within the insurer's geographic area of service.
Nev. Rev. Stat. § 689B.035 — NV Code / Title 57 / Chapter 689B / Section 689B.035
Required provision in certain policies concerning termination of coverage on dependent child
Status: in_force

1. A group health insurance policy delivered or issued for delivery after November 1, 1973, which provides for the termination of coverage on a dependent child of a member of the insured group, when such child attains a contractually specified limiting age, shall also provide that such coverage shall not terminate when the dependent child reaches such age if such child is and continues to be: (a) Incapable of self-sustaining employment due to a physical handicap or an intellectual disability; and (b) Dependent on the member of the insured group for support and maintenance.

2. Proof of such child's incapacity and dependency shall be furnished to the insurer by the member of the insured group within 31 days after such child attains the specified limiting age and as often as the insurer may thereafter require, but no more than once a year beginning 2 years after such child attains the specified limiting age.
Nev. Rev. Stat. § 681A.450 — NV Code / Title 57 / Chapter 681A / Section 681A.450
Licensed attorney acting as intermediary
Status: in_force

When acting in his or her professional capacity, an attorney at law who is licensed in this state need not be licensed as an intermediary.
Nev. Rev. Stat. § 691C.060 — NV Code / Title 57 / Chapter 691C / Section 691C.060
“Credit personal property insurance” defined
Status: in_force

“ Credit personal property insurance ” means a policy, endorsement, rider, binder, certificate or other instrument or evidence of insurance written in connection with a credit transaction that:

1. Covers perils to the goods purchased through a credit transaction or used as collateral for a credit transaction and that concerns the interest of a creditor in the purchased goods or pledged collateral either in whole or in part; or

2. Covers perils to goods purchased in connection with an open-end credit transaction.
Nev. Rev. Stat. § 679B.620 — NV Code / Title 57 / Chapter 679B / Section 679B.620
“Insurance fraud” defined
Status: in_force

“Insurance fraud” has the meaning ascribed to it in NRS 686A.2815 .
Nev. Rev. Stat. § 690B.120 — NV Code / Title 57 / Chapter 690B / Section 690B.120
Exemption of person selling insurance from licensing requirements as agent, broker or solicitor
Status: in_force

A person who sells insurance for home protection on behalf of an insurer who issues policies of casualty insurance or insurance for home protection is exempted from the provisions of chapter 683A of NRS which require the person to be licensed as an agent, broker or solicitor if:

1. The person’s sales activity is conducted pursuant to a written contract with the insurer which regulates his or her activity.

2. The person holds a valid broker's, broker-salesperson's or salesperson's license issued pursuant to chapter 645 of NRS .
Nev. Rev. Stat. § 687B.170 — NV Code / Title 57 / Chapter 687B / Section 687B.170
Underwriters' and combination policies
Status: in_force

1. Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the insurer.

2. Two or more insurers may, with the approval of the Commissioner, issue a combination policy which shall contain provisions substantially as follows: (a) That the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of insurance under the policy; and (b) That service of process, or of any notice or proof of loss required by such policy, upon any of the insurers executing the policy, shall constitute service upon all such insurers.

3. This section does not apply to cosurety obligations.
Nev. Rev. Stat. § 695A.016 — NV Code / Title 57 / Chapter 695A / Section 695A.016
“Laws” defined
Status: in_force

“Laws” means the articles of incorporation, charter, constitution and bylaws of the society.
Nev. Rev. Stat. § 697.184 — NV Code / Title 57 / Chapter 697 / Section 697.184
Application for license as general agent: Additional documentation
Status: in_force

1. An application for a license as a general agent must be accompanied by: (a) Proof of the completion of a 6-hour course of instruction in bail bonds that is: (1) Offered by a state or national organization of bail agents or another organization that administers training programs for general agents; and (2) Approved by the Commissioner. (b) A written appointment by an authorized insurer as general agent, subject to the issuance of the license. (c) A letter from a local law enforcement agency in the applicant's county of residence which indicates that the applicant: (1) Has not been convicted of a felony in this state or of any offense committed in another state which would be a felony if committed in this state; and (2) Has not been convicted of an offense involving moral turpitude or the unlawful use, sale or possession of a controlled substance. (d) A copy of the contract or agreement that authorizes the general agent to act as general agent for the insurer. (e) Any other information the Commissioner may require.

2. If the applicant for a license as a general agent is a firm or corporation: (a) The applicant must designate a natural person who is a licensed general agent and who is authorized to transact business on behalf of the firm or corporation to be responsible for the compliance of the firm or corporation with the insurance laws, rules and regulations of this State; and (b) The application must include the names of the members, officers and directors and identify the natural person designated pursuant to paragraph (a).
Nev. Rev. Stat. § 689C.072 — NV Code / Title 57 / Chapter 689C / Section 689C.072
“Geographic service area” defined
Status: in_force

“ Geographic service area ” means a geographic area, as approved by the Commissioner, within which the carrier is authorized to provide coverage.
Nev. Rev. Stat. § 694B.200 — NV Code / Title 57 / Chapter 694B / Section 694B.200
Assessments
Status: in_force

1. Assessments may from time to time be levied upon subscribers of a domestic reciprocal insurer liable therefor under the terms of their policies by: (a) The attorney upon approval in advance by the subscribers' advisory committee and the Commissioner; or (b) The Commissioner in liquidation of the insurer.

2. Each subscriber's share of a deficiency for which an assessment is made, but not exceeding in any event the aggregate contingent liability of the subscriber as computed in accordance with NRS 694B.220 , shall be computed by applying to the premium earned on the subscriber's policy or policies during the period to be covered by the assessment, the ratio of the total deficiency to the total premiums earned during such period upon all policies subject to the assessment.

3. In computing the earned premiums for the purposes of this section, the gross premium received by the insurer for the policy shall be used as a base, deducting therefrom solely charges not recurring upon the renewal or extension of the policy.

4. No subscriber shall have an offset against any assessment for which the subscriber is liable, on account of any claim for unearned premium or losses payable.
Nev. Rev. Stat. § 687B.725 — NV Code / Title 57 / Chapter 687B / Section 687B.725
Claim for dental care: Requirements and limitations related to recovery of overpayments
Status: in_force

1. A health carrier which provides dental coverage or any administrator of a health benefit plan that includes dental coverage who recovers overpayments shall provide written notice to a dentist of any attempt to recover the overpayment, other than a duplicate payment. The notice must include, without limitation: (a) A description of the error that justifies the recovery; and (b) The date on which the dental care for which the overpayment was made was provided and the name of the patient to whom the dental care was provided.

2. A health carrier who provides dental coverage or an administrator who recovers overpayments under a health benefit plan that includes dental coverage shall establish written procedures by which a dentist may challenge an attempt to recover an overpayment. Those procedures must include, without limitation, procedures for sharing information concerning a disputed claim with the dentist.

3. Except as otherwise provided in this subsection, a health carrier who provides dental coverage or an administrator who recovers overpayments under a health benefit plan that includes dental coverage shall not attempt to recover an overpayment more than 12 months after the date of the overpayment. This subsection does not apply to an attempt to recover an overpayment that is: (a) Based on a reasonable belief that the overpayment involved fraud, abuse or other intentional misconduct; (b) Initiated by or at the request of a self-insured employer; or (c) Based on dental care that is covered by the Public Employees' Benefits Program or a system of health insurance for the benefit of local officers and employees, and the dependents of local officers and employees, pursuant to chapter 287 of NRS .

4. Any provision of a contract that conflicts with this section is against public policy, void and unenforceable.
Nev. Rev. Stat. § 695B.1919 — NV Code / Title 57 / Chapter 695B / Section 695B.1919
Required provision concerning coverage for drug or device for contraception and related health services; prohibited acts; exceptions
Status: in_force

1. Except as otherwise provided in subsection 8, an insurer that offers or issues a contract for hospital or medical service shall include in the contract coverage for: (a) Up to a 12-month supply, per prescription, of any type of drug for contraception or its therapeutic equivalent which is: (1) Lawfully prescribed or ordered; (2) Approved by the Food and Drug Administration; (3) Listed in subsection 12; and (4) Dispensed in accordance with NRS 639.28075 ; (b) Any type of device for contraception which is: (1) Lawfully prescribed or ordered; (2) Approved by the Food and Drug Administration; and (3) Listed in subsection 12; (c) Self-administered hormonal contraceptives dispensed by a pharmacist pursuant to NRS 639.28078 ; (d) Insertion of a device for contraception or removal of such a device if the device was inserted while the insured was covered by the same contract for hospital or medical service; (e) Education and counseling relating to the initiation of the use of contraception and any necessary follow-up after initiating such use; (f) Management of side effects relating to contraception; and (g) Voluntary sterilization for women.

2. An insurer shall provide coverage for any services listed in subsection 1 which are within the authorized scope of practice of a pharmacist when such services are provided by a pharmacist who is employed by or serves as an independent contractor of an in-network pharmacy and in accordance with the applicable provider network contract. Such coverage must be provided to the same extent as if the services were provided by another provider of health care, as applicable to the services being provided. The terms of the policy must not limit: (a) Coverage for services listed in subsection 1 and provided by such a pharmacist to a number of occasions less than the coverage for such services when provided by another provider of health care. (b) Reimbursement for services listed in subsection 1 and provided by such a pharmacist to an amount less than the amount reimbursed for similar services provided by a physician, physician assistant or advanced practice registered nurse.

3. An insurer that offers or issues a contract for hospital or medical services must ensure that the benefits required by subsection 1 are made available to an insured through a provider of health care who participates in the network plan of the insurer.

4. If a covered therapeutic equivalent listed in subsection 1 is not available or a provider of health care deems a covered therapeutic equivalent to be medically inappropriate, an alternate therapeutic equivalent prescribed by a provider of health care must be covered by the insurer.

5. Except as otherwise provided in subsections 10, 11 and 13, an insurer that offers or issues a contract for hospital or medical service shall not: (a) Require an insured to pay a higher deductible, any copayment or coinsurance or require a longer waiting period or other condition to obtain any benefit included in the contract for hospital or medical service pursuant to subsection 1; (b) Refuse to issue a contract for hospital or medical service or cancel a contract for hospital or medical service solely because the person applying for or covered by the contract uses or may use any such benefit; (c) Offer or pay any type of material inducement or financial incentive to an insured to discourage the insured from obtaining any such benefit; (d) Penalize a provider of health care who provides any such benefit to an insured, including, without limitation, reducing the reimbursement to the provider of health care; (e) Offer or pay any type of material inducement, bonus or other financial incentive to a provider of health care to deny, reduce, withhold, limit or delay access to any such benefit to an insured; or (f) Impose any other restrictions or delays on the access of an insured to any such benefit.

6. Coverage pursuant to this section for the covered dependent of an insured must be the same as for the insured.

7. Except as otherwise provided in subsection 8, a contract for hospital or medical service 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 provision of the contract or the renewal which is in conflict with this section is void.

8. An insurer that offers or issues a contract for hospital or medical service and which is affiliated with a religious organization is not required to provide the coverage required by subsection 1 if the insurer objects on religious grounds. Such an insurer shall, before the issuance of a contract for hospital or medical service and before the renewal of such a contract, provide to the prospective insured written notice of the coverage that the insurer refuses to provide pursuant to this subsection.

9. If an insurer refuses, pursuant to subsection 8, to provide the coverage required by subsection 1, an employer may otherwise provide for the coverage for the employees of the employer.

10. An insurer may require an insured to pay a higher deductible, copayment or coinsurance for a drug for contraception if the insured refuses to accept a therapeutic equivalent of the drug.

11. For each of the 18 methods of contraception listed in subsection 12 that have been approved by the Food and Drug Administration, a contract for hospital or medical service must include at least one drug or device for contraception within each method for which no deductible, copayment or coinsurance may be charged to the insured, but the insurer may charge a deductible, copayment or coinsurance for any other drug or device that provides the same method of contraception. If the insurer charges a copayment or coinsurance for a drug for contraception, the insurer may only require an insured to pay the copayment or coinsurance: (a) Once for the entire amount of the drug dispensed for the plan year; or (b) Once for each 1-month supply of the drug dispensed.

12. The following 18 methods of contraception must be covered pursuant to this section: (a) Voluntary sterilization for women; (b) Surgical sterilization implants for women; (c) Implantable rods; (d) Copper-based intrauterine devices; (e) Progesterone-based intrauterine devices; (f) Injections; (g) Combined estrogen- and progestin-based drugs; (h) Progestin-based drugs; (i) Extended- or continuous-regimen drugs; (j) Estrogen- and progestin-based patches; (k) Vaginal contraceptive rings; (l) Diaphragms with spermicide; (m) Sponges with spermicide; (n) Cervical caps with spermicide; (o) Female condoms; (p) Spermicide; (q) Combined estrogen- and progestin-based drugs for emergency contraception or progestin-based drugs for emergency contraception; and (r) Ulipristal acetate for emergency contraception.

13. Except as otherwise provided in this section and federal law, an insurer that offers or issues a contract for hospital or medical services 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.

14. An insurer shall not: (a) Use medical management techniques to require an insured to use a method of contraception other than the method prescribed or ordered by a provider of health care; (b) Require an insured to obtain prior authorization for the benefits described in paragraphs (a) and (c) of subsection 1; or (c) Refuse to cover a contraceptive injection or the insertion of a device described in paragraph (c), (d) or (e) of subsection 12 at a hospital immediately after an insured gives birth.

15. An insurer must provide an accessible, transparent and expedited process which is not unduly burdensome by which an insured, or the authorized representative of the insured, may request an exception relating to any medical management technique used by the insurer to obtain any benefit required by this section without a higher deductible, copayment or coinsurance.

16. As used in this section: (a) “ In-network pharmacy ” means a pharmacy that has entered into a contract with an insurer to provide services to insureds through a network plan offered or issued by the insurer. (b) “ Medical management technique ” means a practice which is used to control the cost or utilization of health care services or prescription drug use. 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) “ Network plan ” means a contract for hospital or medical service offered by an insurer under which the financing and delivery of medical care, including items and services paid for as medical care, are provided, in whole or in part, through a defined set of providers under contract with the insurer. The term does not include an arrangement for the financing of premiums. (d) “ Provider network contract ” means a contract between an insurer and a provider of health care or pharmacy specifying the rights and responsibilities of the insurer and the provider of health care or pharmacy, as applicable, for delivery of health care services pursuant to a network plan. (e) “ Provider of health care ” has the meaning ascribed to it in NRS 629.031 . (f) “ Therapeutic equivalent ” means a drug which: (1) Contains an identical amount of the same active ingredients in the same dosage and method of administration as another drug; (2) Is expected to have the same clinical effect when administered to a patient pursuant to a prescription or order as another drug; and (3) Meets any other criteria required by the Food and Drug Administration for classification as a therapeutic equivalent.
Nev. Rev. Stat. § 681B.145 — NV Code / Title 57 / Chapter 681B / Section 681B.145
Reserves for plan of life insurance; applicability
Status: in_force

1. For any plan of life insurance which provides for the determination of a future premium, the amounts of which are to be determined by the insurer based on estimates of future experience, or for any plan of life insurance or annuity which is of such a nature that the minimum reserves cannot be determined by the methods described in NRS 681B.130 and 681B.150 , the reserves which are held under the plan must be: (a) Appropriate in relation to the benefits and the pattern of premiums for the plan; and (b) Computed by a method which is consistent with the principles of standard valuation contained in this chapter.

2. 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.

3. 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. § 692A.1035 — NV Code / Title 57 / Chapter 692A / Section 692A.1035
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license
Status: in_force

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

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

2. The Commissioner shall reinstate a license as a title agent or escrow officer that has been suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .
Nev. Rev. Stat. § 693A.250 — NV Code / Title 57 / Chapter 693A / Section 693A.250
Mutual insurers: Nonassessable policies; revocation of authority
Status: in_force

1. A domestic mutual insurer, by depositing through the Commissioner and thereafter maintaining unimpaired surplus funds not less in amount than the minimum paid-in capital stock and surplus required of a domestic stock insurer for authority to transact the same kind or kinds of insurance, may, upon receipt of the Commissioner's order so authorizing, extinguish the contingent liability to assessment of its members as to all its policies in force and, so long as such surplus and deposit are maintained, may omit provisions imposing contingent liability in all policies currently issued. Any deposit of the insurer made through the Commissioner as a prerequisite to its certificate of authority may be included as part of the deposit required under this section.

2. The Commissioner shall not authorize a domestic insurer to extinguish the contingent liability of any of its members or in any of its policies to be issued, unless it qualifies to and does extinguish such liability of all its members and in all such policies for all kinds of insurance transacted by it.

3. The Commissioner shall revoke the authority of a domestic mutual insurer to issue policies without contingent liability if: (a) The insurer's assets are less than the sum of its liabilities and the surplus required for such authority and such deficiency is not cured within 30 days after written notice thereof to the insurer by the Commissioner; or (b) The insurer, by resolution of its board of directors approved by a majority of its members, requests that the authority be revoked.

4. During the absence of such authority the insurer shall not issue any policy without providing therein for the contingent liability of the policyholder, or renew any policy which is then in force without endorsing the same to provide for such contingent liability.

5. A foreign mutual insurer may issue nonassessable policies to its members in this state as authorized by its charter and the laws of the state or country of its domicile, if the requirements for issuance of such policies are substantially equal to or higher than those applicable to domestic insurers under this Code.
Nev. Rev. Stat. § 689A.555 — NV Code / Title 57 / Chapter 689A / Section 689A.555
“Individual health benefit plan” defined
Status: in_force

“ Individual health benefit plan ” means:

1. A health benefit plan for individuals and their dependents, other than a converted policy or a plan for coverage of a bona fide association; and

2. A certificate issued to an individual that evidences coverage under a policy or contract issued to a trust or an association or to any other similar group of persons, other than a plan for coverage of a bona fide association, regardless of the situs of delivery of the policy or contract, if the individual pays the premium and is not being covered under the policy or contract pursuant to any provision for the continuation of benefits applicable under federal or state law.
Nev. Rev. Stat. § 689B.010 — NV Code / Title 57 / Chapter 689B / Section 689B.010
Short title; scope
Status: in_force

1. This chapter may be cited as the Group or Blanket Health Insurance Law.

2. This chapter applies only to group health insurance contracts and to blanket accident and health insurance contracts as provided in this chapter.
Nev. Rev. Stat. § 693A.620 — NV Code / Title 57 / Chapter 693A / Section 693A.620
Continuation of corporate existence of mutual insurer
Status: in_force

The corporate existence of a mutual insurer reorganizing pursuant to NRS 693A.550 to 693A.665 , inclusive, does not terminate, and the reorganized stock insurer shall be deemed to be a continuation of the mutual insurer and to have been organized on the date on which the mutual insurer was originally organized.
Nev. Rev. Stat. § 695C.130 — NV Code / Title 57 / Chapter 695C / Section 695C.130
Notice and approval required for exercise of powers; rules or regulations
Status: in_force

1. A health maintenance organization shall file notice, with adequate supporting information, with the Commissioner prior to the exercise of any power granted in subsections 1 and 2 of NRS 695C.120 . The Commissioner shall disapprove such exercise of power if in the opinion of the Commissioner it would substantially and adversely affect the financial soundness of the health maintenance organization and endanger its ability to meet its obligations. If the Commissioner does not disapprove within 60 days of the filing, it is deemed approved.

2. The Commissioner may promulgate rules or regulations.
Nev. Rev. Stat. § 692A.108 — NV Code / Title 57 / Chapter 692A / Section 692A.108
Powers of Commissioner when assets or capital of title agent impaired or title agent's affairs are in unsafe condition
Status: in_force

1. If the Commissioner ascertains that the assets or capital of any title agent are impaired or that a title agent's affairs are in an unsafe condition, the Commissioner may immediately take possession of all the property, business and assets of the title agent which are located in this state and retain possession of them pending further proceedings provided for in this chapter.

2. If the board of directors or any officer or person in charge of the offices of such a title agent refuses to permit the Commissioner to take possession of the property, the Commissioner shall communicate that fact to the Attorney General. Thereupon the Attorney General shall immediately institute such proceedings as may be necessary to place the Commissioner in immediate possession of the property of the title agent. The Commissioner thereupon shall make or cause to be made an inventory of the assets and known liabilities of the title agent.

3. The Commissioner shall file one copy of the inventory in his or her office and one copy in the office of the clerk of the district court of the county in which the principal office of the title agent is located and shall mail one copy to each stockholder, partner, officer or associate of the agent at his or her last known address.

4. The clerk of the court with which the copy of the inventory is filed shall file it as any other case or proceeding pending in the court and shall give it a docket number.
Nev. Rev. Stat. § 686A.315 — NV Code / Title 57 / Chapter 686A / Section 686A.315
Statements required with certain billing and claim forms submitted to insurers; failure to provide statements not defense in prosecution for insurance fraud
Status: in_force

1. If a hospital submits to an insurer the form prescribed by the Director of the Department of Health and Human Services pursuant to NRS 449.485 , that form must contain or be accompanied by a statement that reads substantially as follows: Any person who misrepresents or falsifies essential information requested on this form may, upon conviction, be subject to a fine and imprisonment under state or federal law, or both.

2. If a person who is licensed to practice one of the health professions regulated by title 54 of NRS submits to an insurer the form commonly referred to as the “HCFA-1500” for a patient who is not covered by any governmental program which offers insurance coverage for health care, the form must be accompanied by a statement that reads substantially as follows: Any person who knowingly files a statement of claim containing any misrepresentation or any false, incomplete or misleading information may be guilty of a criminal act punishable under state or federal law, or both, and may be subject to civil penalties.

3. The failure to provide any of the statements required by this section is not a defense in a prosecution for insurance fraud pursuant to NRS 686A.291 .
Nev. Rev. Stat. § 694C.450 — NV Code / Title 57 / Chapter 694C / Section 694C.450
Taxes on premiums: Imposition; deposit; nonrefundable credit
Status: in_force

1. Except as otherwise provided in this section, a captive insurer shall pay to the Division, not later than March 1 of each year, a tax at the rate of: (a) Two-fifths of 1 percent on the first $20,000,000 of its net direct premiums; (b) One-fifth of 1 percent on the next $20,000,000 of its net direct premiums; and (c) Seventy-five thousandths of 1 percent on each additional dollar of its net direct premiums.

2. Except as otherwise provided in this section, a captive insurer shall pay to the Division, not later than March 1 of each year, a tax at a rate of: (a) Two hundred twenty-five thousandths of 1 percent on the first $20,000,000 of revenue from assumed reinsurance premiums; (b) One hundred fifty thousandths of 1 percent on the next $20,000,000 of revenue from assumed reinsurance premiums; and (c) Twenty-five thousandths of 1 percent on each additional dollar of revenue from assumed reinsurance premiums. The tax on reinsurance premiums pursuant to this subsection must not be levied on premiums for risks or portions of risks which are subject to taxation on a direct basis pursuant to subsection 1. A captive insurer is not required to pay any reinsurance premium tax pursuant to this subsection on revenue related to the receipt of assets by the captive insurer in exchange for the assumption of loss reserves and other liabilities of another insurer that is under common ownership and control with the captive insurer, if the transaction is part of a plan to discontinue the operation of the other insurer and the intent of the parties to the transaction is to renew or maintain such business with the captive insurer.

3. If the sum of the taxes to be paid by a captive insurer calculated pursuant to subsections 1 and 2 is less than $5,000 in any given year, the captive insurer shall pay a tax of $5,000 for that year. The maximum aggregate tax for any year must not exceed $175,000. The maximum aggregate tax to be paid by a sponsored captive insurer applies only to each protected cell and does not apply to the sponsored captive insurer as a whole.

4. Two or more captive insurers under common ownership and control must be taxed as if they were a single captive insurer.

5. Notwithstanding any specific statute to the contrary and except as otherwise provided in this subsection, the tax provided for by this section constitutes all the taxes collectible pursuant to the laws of this State from a captive insurer, and no occupation tax or other taxes may be levied or collected from a captive insurer by this State or by any county, city or municipality within this State, except for taxes imposed pursuant to chapter 363A, 363B or 363C of NRS and ad valorem taxes on real or personal property located in this State used in the production of income by the captive insurer.

6. Twenty-five percent of the revenues collected from the tax imposed pursuant to this section must be deposited with the State Treasurer for credit to the Account for the Regulation and Supervision of Captive Insurers created pursuant to NRS 694C.460 . The remaining 75 percent of the revenues collected must be deposited with the State Treasurer for credit to the State General Fund.

7. A captive insurer that is issued a license pursuant to this chapter after July 1, 2003, is entitled to receive a nonrefundable credit of $5,000 applied against the aggregate taxes owed by the captive insurer for the first year in which the captive insurer incurs any liability for the payment of taxes pursuant to this section. A captive insurer is entitled to a nonrefundable credit pursuant to this section not more than once after the captive insurer is initially licensed pursuant to this chapter.

8. As used in this section, unless the context otherwise requires: (a) “ Common ownership and control ” means: (1) In the case of a stock insurer, the direct or indirect ownership of 80 percent or more of the outstanding voting stock of two or more corporations by the same member or members. (2) In the case of a mutual insurer, the direct or indirect ownership of 80 percent or more of the surplus and the voting power of two or more corporations by the same member or members. (b) “ Net direct premiums ” means the direct premiums collected or contracted for on policies or contracts of insurance written by a captive insurer during the preceding calendar year, less the amounts paid to policyholders as return premiums, including dividends on unabsorbed premiums or premium deposits returned or credited to policyholders.
Nev. Rev. Stat. § 693A.350 — NV Code / Title 57 / Chapter 693A / Section 693A.350
Merger or consolidation of mutual insurers
Status: in_force

1. A domestic mutual insurer shall not merge or consolidate with a stock insurer.

2. Except as provided in this section, a domestic mutual insurer may merge or consolidate with another mutual insurer under the applicable procedures prescribed by the laws of this State governing ordinary business corporations.

3. If the insurer is then unimpaired, the plan and agreement for merger or consolidation must be submitted to and approved by at least two-thirds of the members of each mutual insurer voting thereon at meetings called for the purpose pursuant to reasonable notice and procedure. The plan and agreement may provide for giving that notice to members by publishing the notice once a week for 2 successive weeks in any two of the four cities of greatest population in each state in which the insurer is authorized, or by depositing the notice in the United States mail, postage prepaid, addressed to the member at his or her address last of record with the insurer, or by personal delivery. For a life insurer, the right to vote may be limited to members whose policies are other than term and group policies, and have been in effect for more than 1 year.

4. No such merger or consolidation may be effectuated unless in advance thereof the plan and agreement therefor have been filed with the Commissioner and approved by the Commissioner in writing. If the insurer is not then impaired the Commissioner shall not act upon the plan and agreement until after a hearing thereon. The Commissioner shall give approval within a reasonable time after the filing unless the Commissioner finds the plan or agreement: (a) Inequitable to the policyholders of any domestic insurer involved; (b) Would substantially reduce the security of and service to be rendered to policyholders of the domestic insurer in this State and elsewhere; (c) Would materially tend to lessen competition in the insurance business in this State or elsewhere as to the kinds of insurance involved, or would materially tend to create any monopoly as to that business; or (d) Is subject to other material and reasonable objections.

5. If the Commissioner does not approve the plan or agreement the Commissioner shall so notify the insurers in writing specifying the reasons therefor.

6. No director, officer, agent or employee of any insurer party to such merger or consolidation, or any other person, shall receive any fee, commission or other special valuable consideration whatsoever for in any manner aiding, promoting or assisting therein except as set forth in the plan and agreement approved by the Commissioner.
Nev. Rev. Stat. § 683A.0853 — NV Code / Title 57 / Chapter 683A / Section 683A.0853
Waiver of requirements for administrator's certificate
Status: in_force

The Commissioner may waive any requirement which the Commissioner has promulgated for issue of an administrator's certificate to any person or class of persons. In so doing the Commissioner shall consider, without limitation:

1. Whether the person acting as an administrator is primarily involved in a business other than that of administrator.

2. Whether the financial strength and history of the organization to which the applicant belongs, or which is the applicant, indicates stability in its continuity of doing business.

3. Whether the regular duties being performed by an administrator are such that the persons to be insured are not likely to be injured by a waiver of requirements.
Nev. Rev. Stat. § 682A.065 — NV Code / Title 57 / Chapter 682A / Section 682A.065
“Dollar roll transaction” defined
Status: in_force

“ Dollar roll transaction ” means two simultaneous transactions with different settlement dates, not more than 96 days apart, such that in the transaction with the earlier settlement date, an insurer sells to a business entity, and in the other transaction the insurer is obligated to purchase from the same business entity substantially similar securities of the following types:

1. Asset-backed securities issued, assumed or guaranteed by the Government National Mortgage Association, the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or their respective successors; and

2. Other asset-backed securities referred to in section 106 of title 1 of the Secondary Mortgage Market Enhancement Act of 1984, 15 U.S.C. § 77r-1 , as amended.
Nev. Rev. Stat. § 690D.230 — NV Code / Title 57 / Chapter 690D / Section 690D.230
Authority of Commissioner to issue cease and desist order; notice and hearing; fines
Status: in_force

Except as otherwise provided in NRS 690D.100 :

1. The Commissioner may order any person, including, without limitation, a creditor or administrator, to cease and desist any conduct that violates any provision of this chapter.

2. A person who violates any provision of this chapter may, after a hearing conducted pursuant to NRS 679B.310 to 679B.370 , inclusive, be assessed a civil penalty by the Commissioner of not more than $500 for each act or violation, not to exceed an aggregate amount of $10,000 for violations of a similar nature. For the purposes of this section, violations shall be deemed to be of a similar nature if the violations consist of the same or similar conduct, regardless of the number of times the conduct occurred.
Nev. Rev. Stat. § 689A.080 — NV Code / Title 57 / Chapter 689A / Section 689A.080
Reinstatement
Status: in_force

1. There shall be a provision as follows: Reinstatement: If any renewal premium be not paid within the time granted the insured for payment, a subsequent acceptance of premium by the insurer or by any agent duly authorized by the insurer to accept such premium, without requiring in connection therewith an application for reinstatement, shall reinstate the policy; provided, however, that if the insurer or such agent requires an application for reinstatement and issues a conditional receipt for the premium tendered, the policy will be reinstated upon approval of such application by the insurer or, lacking such approval, upon the 45th day following the date of such conditional receipt unless the insurer has previously notified the insured in writing of its disapproval of such application. The reinstated policy shall cover only loss resulting from such accidental injury as may be sustained after the date of reinstatement and loss due to such sickness as may begin more than 10 days after such date. In all other respects the insured and insurer shall have the same rights thereunder as they had under the policy immediately before the due date of the defaulted premium, subject to any provisions endorsed herein or attached hereto in connection with the reinstatement. Any premium accepted in connection with a reinstatement shall be applied to a period for which premium has not been previously paid, but not to any period more than 60 days prior to the date of reinstatement.

2. The last sentence of subsection 1 may be omitted from any policy which the insured has the right to continue in force subject to its terms by the timely payment of premiums: (a) Until at least age 50; or (b) In the case of a policy issued after age 44, for at least 5 years from its date of issue.

3. Pursuant to the last sentence in subsection 1, the insurer shall apply the premium accepted in such manner as to place the policy currently in force, exclusive of any applicable grace period, but not in any event to any period more than 60 days prior to the date of reinstatement.
Nev. Rev. Stat. § 689.535 — NV Code / Title 57 / Chapter 689 / Section 689.535
Agent's license: Revocation; suspension
Status: in_force

The Commissioner may proceed against an agent's license in the same manner as provided in NRS 689.510 if the agent:

1. Obtained the license through misrepresentation or concealment of a material fact.

2. Is no longer qualified for such a license.

3. Knowingly violates any provision of NRS 689.450 to 689.595 , inclusive, or any lawful order or regulation of the Commissioner.
Nev. Rev. Stat. § 695C.1733 — NV Code / Title 57 / Chapter 695C / Section 695C.1733
Required provision in certain evidences of coverage concerning coverage for certain drugs and related services for treatment of cancer
Status: in_force

Except as otherwise provided in NRS 695C.1693 :

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

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

3. Any evidence of coverage subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after October 1, 1999, has the legal effect of including the coverage required by this section, and any provision of the evidence of coverage that conflicts with the provisions of this section is void.
Nev. Rev. Stat. § 695A.1853 — NV Code / Title 57 / Chapter 695A / Section 695A.1853
Coverage for screening, genetic counseling and testing related to BRCA gene required in certain circumstances
Status: in_force

1. A society that issues a benefit contract shall provide coverage for screening, genetic counseling and testing for harmful mutations in the BRCA gene for women under circumstances where such screening, genetic counseling or testing, as applicable, is required by NRS 457.301 .

2. A society shall ensure that the benefits required by subsection 1 are made available to an insured through a provider of health care who participates in the network plan of the society.

3. A benefit contract subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after January 1, 2022, has the legal effect of including the coverage required by subsection 1, and any provision of the plan that conflicts with the provisions of this section is void.

4. As used in this section: (a) “ Network plan ” means a benefit contract offered by a society under which the financing and delivery of medical care, including items and services paid for as medical care, are provided, in whole or in part, through a defined set of providers under contract with the society. The term does not include an arrangement for the financing of premiums. (b) “ Provider of health care ” has the meaning ascribed to it in NRS 629.031 .
Nev. Rev. Stat. § 695C.1734 — NV Code / Title 57 / Chapter 695C / Section 695C.1734
Evidence of coverage covering prescription drugs prohibited from limiting or excluding coverage for certain prescription drugs previously approved for medical condition of enrollee; exceptions
Status: in_force

1. Except as otherwise provided in this section, evidence of coverage 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 health maintenance organization or insurer for a medical condition of an enrollee and the enrollee'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 enrollee; and (b) Is appropriately prescribed and considered safe and effective for treating the medical condition of the enrollee.

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 health maintenance organization or insurer from charging a deductible, copayment or coinsurance for the provision of benefits for prescription drugs to the enrollee 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 evidence of coverage that is medically appropriate for the enrollee; 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 evidence of coverage.

3. 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 October 1, 2001, which is in conflict with this section is void.
Nev. Rev. Stat. § 685B.020 — NV Code / Title 57 / Chapter 685B / Section 685B.020
Short title
Status: in_force

NRS 685B.020 to 685B.087 , inclusive, constitute and may be cited as the Unauthorized Insurers Act.
Nev. Rev. Stat. § 689.545 — NV Code / Title 57 / Chapter 689 / Section 689.545
Prepaid contracts: Filing and approval and disapproval of forms; waiting period
Status: in_force

1. A seller shall not offer, sell or deliver in this state any prepaid contract unless the form of the contract has been filed with and approved in writing by the Commissioner.

2. The Commissioner shall disapprove any form of contract which the Commissioner finds: (a) Printed or reproduced in such a manner as to be substantially illegible in whole or in part; (b) Contains ambiguous or misleading provisions, clauses or titles; (c) Includes or combines in the prepaid contract provisions for the purchase of cemetery plots and existing burial spaces, unless such sales are separated and distinctly defined as burial merchandise and services; or (d) Does not comply or is inconsistent with any applicable requirement of NRS 689.450 to 689.595 , inclusive, or for other good cause shown.

3. No amendment or modification of any form may be made unless the amendment or modification has been filed with and approved in writing by the Commissioner.

4. Each filing is subject to a waiting period of up to 30 days before it becomes effective.

5. Upon written application by the holder of a seller's permit, the Commissioner may authorize a filing which the Commissioner has reviewed to become effective before the expiration of the waiting period or any extension thereof.

6. A filing shall be deemed to meet the requirements of NRS 689.450 to 689.595 , inclusive, unless disapproved by the Commissioner within the waiting period or any extension thereof.
Nev. Rev. Stat. § 689C.281 — NV Code / Title 57 / Chapter 689C / Section 689C.281
Plan covering prescription drugs: Provision of notice and information regarding use of formulary
Status: in_force

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

2. If a carrier offers or issues a health benefit plan which provides coverage for prescription drugs and a formulary is used, the carrier shall: (a) Provide to any insured or participating provider of health care, upon request: (1) Information regarding whether a specific drug is included in the formulary. (2) Access to the most current list of prescription drugs in the formulary, organized by major therapeutic category, with an indication of whether any listed drugs are preferred over other listed drugs. If more than one formulary is maintained, the carrier shall notify the requester that a choice of formulary lists is available. (b) Notify each person who requests information regarding the formulary, that the inclusion of a drug in the formulary does not guarantee that a provider of health care will prescribe that drug for a particular medical condition.
Nev. Rev. Stat. § 695A.060 — NV Code / Title 57 / Chapter 695A / Section 695A.060
Organization: Filing of documents and bond with Commissioner; preliminary certificate of authority
Status: in_force

1. Duly certified copies of the laws and rules of the society, copies of all proposed forms of certificates, applications therefor, circulars to be issued by the society and a bond conditioned upon the return to applicants of the advanced payments if the organization is not completed within 1 year must be filed with the Commissioner, who may require such further information as the Commissioner deems necessary. The bond must comply with NRS 679B.175 and be in an amount determined by the Commissioner, which must be not less than $300,000 nor more than $1,500,000. All documents filed must be in the English language. If the purposes of the society conform to the requirements of this chapter and all applicable provisions of the law of this state have been complied with, the Commissioner shall so certify, retain and file the articles of incorporation and furnish the incorporators a preliminary certificate of authority for the society to solicit members as provided in this chapter.

2. No preliminary certificate of authority granted under the provisions of this section is valid after 1 year from its date or after such further period, not exceeding 1 year, as may be authorized by the Commissioner upon cause shown, unless 500 applicants have been secured and the organization has been completed as provided in this chapter. The articles of incorporation and all proceedings thereunder are void 1 year after the date of the preliminary certificate of authority, or at the expiration of the extended period, unless the society has completed its organization and received a certificate of authority to do business.
Nev. Rev. Stat. § 683A.08529 — NV Code / Title 57 / Chapter 683A / Section 683A.08529
Duty to notify Commissioner of certain changes; submission of affidavit required upon change in members, owners, directors or officers
Status: in_force

1. An administrator shall notify the Commissioner of any change in: (a) The members, owners, directors or officers of the administrator within 30 days after the change. (b) The physical location, mailing address or electronic mail address of an office of the administrator within 30 days after the change. (c) The legal or fictitious name of the administrator within 30 days after the change.

2. If there is a change in the members, owners, directors or officers of an administrator, the administrator shall submit to the Commissioner a notarized affidavit, as described in subsection 6 of NRS 683A.08522 , for each new member, owner, director or officer within 30 days after the change.
Nev. Rev. Stat. § 688D.020 — NV Code / Title 57 / Chapter 688D / Section 688D.020
“Benefit contract” defined
Status: in_force

“Benefit contract” has the meaning ascribed to it in NRS 695A.003 .
Nev. Rev. Stat. § 695K.300 — NV Code / Title 57 / Chapter 695K / Section 695K.300
Creation; administration; sources of money; interest; nonreversion; uses
Status: in_force

1. There is hereby created in the State Treasury the Public Option Trust Fund as a nonreverting trust fund. The Trust Fund must be administered by the State Treasurer.

2. The Trust Fund consists of: (a) Any money deposited in the Trust Fund pursuant to NRS 695K.210 and 695K.220 ; (b) Any money appropriated by the Legislature for the purpose of carrying out the provisions of this chapter; and (c) All income and interest earned on the money in the Trust Fund.

3. Any interest earned on money in the Trust Fund, after deducting any applicable charges, must be credited to the Trust Fund. Money that remains in the Trust Fund at the end of a fiscal year does not revert to the State General Fund, and the balance in the Trust Fund must be carried forward to the next fiscal year.

4. Except as otherwise provided in subsection 5, the money in the Trust Fund must be used to carry out the provisions of this chapter. Such money must not be used to pay administrative costs that are not directly related to the operations of the Public Option.

5. If the State Treasurer determines that there is sufficient money in the Trust Fund to carry out the provisions of this chapter for the current fiscal year, the Director may use a portion determined by the State Treasurer of any additional money in the Trust Fund to increase the affordability of the Public Option.
Nev. Rev. Stat. § 695G.167 — NV Code / Title 57 / Chapter 695G / Section 695G.167
Plan covering treatment of cancer through use of chemotherapy: Prohibited acts related to orally administered chemotherapy
Status: in_force

1. A managed care 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 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. An evidence of coverage for a health care plan 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 renewal which is in conflict with this section is void.

3. Nothing in this section shall be construed as requiring a managed care 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. § 695B.182 — NV Code / Title 57 / Chapter 695B / Section 695B.182
Required procedure for arbitration of disputes concerning independent medical, dental or chiropractic evaluations
Status: in_force

1. Each contract for hospital or medical services must include a procedure for binding arbitration to resolve disputes concerning independent medical evaluations pursuant to the rules of the American Arbitration Association.

2. If a corporation subject to the provisions of this chapter, for any final determination of benefits or care, requires an independent evaluation of the medical, dental or chiropractic care of any person for whom such care is covered under a contract for hospital or medical services, only a physician, dentist or chiropractic physician who is certified to practice in the same field of practice as the primary treating physician, dentist or chiropractic physician or who is formally educated in that field may conduct the independent evaluation.

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

4. The insurer shall not limit or deny coverage for care related to a disputed claim while the dispute is in arbitration, except that, if the insurer prevails in the arbitration, the primary treating physician, dentist or chiropractic physician may not recover any payment from either the insurer, insured person or the patient for services that the primary treating physician, dentist or chiropractic physician provided to the patient after receiving written notice from the insurer pursuant to subsection 3 concerning the appeal of the insured person.
Nev. Rev. Stat. § 695C.1775 — NV Code / Title 57 / Chapter 695C / Section 695C.1775
Reimbursement for treatment by licensed associate in social work, social worker, master social worker, independent social worker or clinical social worker
Status: in_force

If any evidence of coverage 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. § 689A.715 — NV Code / Title 57 / Chapter 689A / Section 689A.715
Requirements for employee welfare benefit plan for providing benefits for employees of more than one employer
Status: in_force

1. An employee welfare benefit plan for providing benefits for employees of more than one employer under which individual health insurance coverage is provided must comply with the provisions of NRS 679B.139 and 689A.470 to 689A.740 , inclusive, and the regulations adopted by the Commissioner pursuant thereto.

2. As used in this section, the term “employee welfare benefit plan for providing benefits for employees of more than one employer” is intended to be equivalent to the term “employee welfare benefit plan which is a multiple employer welfare arrangement” as used in federal statutes and regulations.
Nev. Rev. Stat. § 695F.110 — NV Code / Title 57 / Chapter 695F / Section 695F.110
Application; fee
Status: in_force

An application for a certificate of authority to operate a prepaid limited health service organization must be filed with the Commissioner on a form prescribed by the Commissioner. The application must be verified by an officer or authorized representative of the applicant and include:

1. A copy of the applicant's basic organizational document, including any articles of incorporation, articles of association, partnership agreement, trust agreement or any other applicable document or amendment thereto.

2. A copy of the bylaws, rules and regulations or similar documents, if any, which regulate the conduct of the internal affairs of the applicant.

3. A list of the names, addresses, official positions and biographical information of the persons responsible for conducting the applicant's affairs, including, but not limited to: (a) The members of the board of directors; (b) The members of the board of trustees; (c) The members of the executive committee or other governing board or committee; (d) The principal officers; (e) Any person owning or having the right to acquire 10 percent or more of the voting securities of the applicant; and (f) If the applicant is a partnership or association, the partners or members of that partnership or association.

4. A statement generally describing the applicant, its facilities, employees and the limited health service or services to be offered.

5. A copy of any contract made or to be made between the applicant and any provider concerning the provision of a limited health service to enrollees.

6. A copy of any contract made, or to be made between the applicant and any person described in subsection 3.

7. A copy of any contract made or to be made between the applicant and any person for the performance on the applicant's behalf of any functions, including, but not limited to, marketing, administration, enrollment, management of investments and subcontracting for the provision of a limited health service to enrollees.

8. A copy of the form of any group contract which is to be issued to employers, unions, trustees or other organizations.

9. A copy of any form for evidence of coverage to be issued to subscribers.

10. A copy of the applicant's most recent financial statements which have been audited by an independent certified public accountant. If the financial affairs of the parent company of the applicant are audited by an independent certified public accountant and the financial affairs of the applicant are not audited, the applicant must submit a copy of the most recently audited financial statement of the parent company which was certified by an independent certified public accountant and the consolidating financial statements of the applicant, unless the Commissioner determines that additional or more recent financial information is required.

11. A copy of the applicant's financial plan, including a 3-year projection of the anticipated operating results, a statement of the sources of working capital and any other sources of funding and any plan for contingencies.

12. A schedule of the rates and charges for the limited health service.

13. A description of the proposed method of marketing.

14. A statement acknowledging that any process in any legal action or proceeding against the applicant on a cause of action arising in this state is valid if lawfully served.

15. A description of the procedure for the resolution of complaints submitted by enrollees concerning the limited health service provided by the prepaid limited health service organization.

16. A description of the procedures to be established for quality assessment and utilization review.

17. A description of the applicant's plan to comply with the provisions of NRS 695F.200 .

18. All applicable fees for filing an application for a certificate of authority.

19. Such other information as the Commissioner may require to make the determination required by this chapter.
Nev. Rev. Stat. § 682A.456 — NV Code / Title 57 / Chapter 682A / Section 682A.456
Derivative transactions: Counterparty exposure
Status: in_force

An insurer shall include all counterparty exposure amounts in determining compliance with the limitations of NRS 682A.402 , 682A.404 and 682A.406 .
Nev. Rev. Stat. § 689A.0463 — NV Code / Title 57 / Chapter 689A / Section 689A.0463
Coverage for services provided through telehealth required to same extent as though provided in person or by other means; reimbursement for certain services provided through telehealth required in same amount as though provided in person or by other means; prohibited acts
Status: in_force

1. A policy of health insurance must include coverage for services provided to an insured through telehealth to the same extent as though provided in person or by other means.

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

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

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

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

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

7. As used in this section: (a) “Distant site” has the meaning ascribed to it in NRS 629.515 . (b) “Federally-qualified health center” has the meaning ascribed to it in 42 U.S.C. § 1396d(l)(2)(B) . (c) “Originating site” has the meaning ascribed to it in NRS 629.515 . (d) “Provider of health care” has the meaning ascribed to it in NRS 439.820 . (e) “Rural health clinic” has the meaning ascribed to it in 42 U.S.C. § 1395x(aa)(2) . (f) “Telehealth” has the meaning ascribed to it in NRS 629.515 .
Nev. Rev. Stat. § 689C.045 — NV Code / Title 57 / Chapter 689C / Section 689C.045
“Class of business” defined
Status: in_force

“ Class of business ” means all or a distinct grouping of small employers as shown in the records of a carrier serving small employers.
Nev. Rev. Stat. § 689C.167 — NV Code / Title 57 / Chapter 689C / Section 689C.167
Coverage for alcohol or substance use disorders: Benefits provided by group health insurance policy
Status: in_force

1. In addition to the benefits required by NRS 689C.1665 , the benefits provided by a group policy for health insurance, as required by NRS 689C.166 , for the treatment of alcohol or substance use disorders must include, without limitation: (a) Treatment for withdrawal from the physiological effects of alcohol or drugs, with a minimum benefit of $1,500 per calendar year. (b) Treatment for a patient admitted to a facility, with a minimum benefit of $9,000 per calendar year. (c) Counseling for a person, group or family who is not admitted to a facility, with a minimum benefit of $2,500 per calendar year.

2. Except as otherwise provided in NRS 687B.409 , these benefits must be paid in the same manner as benefits for any other illness covered by a similar policy are paid.

3. The insured person is entitled to these benefits if treatment is received in any: (a) Facility for the treatment of alcohol or substance use disorders which is certified by the Division of Public and Behavioral Health of the Department of Health and Human Services. (b) Hospital or other medical facility or facility for the dependent which is licensed by the Division of Public and Behavioral Health of the Department of Health and Human Services, is accredited by The Joint Commission or CARF International and provides a program for the treatment of alcohol or substance use disorders as part of its accredited activities.
Nev. Rev. Stat. § 696A.307 — NV Code / Title 57 / Chapter 696A / Section 696A.307
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license
Status: in_force

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

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

2. The Commissioner shall reinstate a club agent's license suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .
Nev. Rev. Stat. § 695C.230 — NV Code / Title 57 / Chapter 695C / Section 695C.230
Fees; forwarding of premium tax
Status: in_force

1. Every health maintenance organization subject to this chapter shall pay to the Commissioner the following fees: (a) For filing an application for a certificate of authority, $2,450. (b) For issuance of a certificate of authority, $250. (c) For an amendment to a certificate of authority, $100. (d) For the renewal of a certificate of authority, $2,450. (e) For filing each annual report, $25. (f) In addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 .

2. At the time of filing the annual report the health maintenance organization shall forward to the Department of Taxation the tax and any penalty for nonpayment or delinquent payment of the tax in accordance with the provisions of chapter 680B of NRS .

3. All fees paid pursuant to this section shall be deemed earned when paid and may not be refunded.
Nev. Rev. Stat. § 687B.406 — NV Code / Title 57 / Chapter 687B / Section 687B.406
Compliance of certain insurers or organizations providing health coverage with certain federal laws regarding dependent students
Status: in_force

An insurer or other organization providing health coverage pursuant to chapter 689B, 689C, 695A, 695B, 695C or 695F of NRS shall comply with the provisions of Michelle's Law, 1 Public Law 110-381 , and any federal regulations issued pursuant thereto.

1 26 U.S.C.A. § 9813, 29 U.S.C.A. § 1185c, and 42 U.S.C.A. §§ 300gg-7 and 300gg-54.
Nev. Rev. Stat. § 690C.200 — NV Code / Title 57 / Chapter 690C / Section 690C.200
Name of provider
Status: in_force

1. Except as otherwise provided in this section, a provider shall not include in the name of the business of the provider: (a) The words “insurance,” “casualty,” “surety,” “mutual” or any other word or term that implies that the provider is engaged in the business of transacting insurance or is a surety company; or (b) A name that is deceptively similar to the name or description of an insurer or surety company or the name of another provider.

2. A provider may include the word “guaranty” or a similar word in the name of the business of the provider.

3. This section does not apply to a provider who, before January 1, 2000, includes in the name of the business of the provider a name that does not comply with the provisions of subsection 1. Such a provider shall include in each service contract the provider issues, sells or offers for sale a statement that the service contract is not a contract of insurance.
Nev. Rev. Stat. § 695C.260 — NV Code / Title 57 / Chapter 695C / Section 695C.260
Establishment of system for resolving complaints and system for conducting external review of adverse determinations required
Status: in_force

Each health maintenance organization shall establish:

1. A system for resolving complaints which complies with the provisions of NRS 695G.200 to 695G.230 , inclusive; and

2. A system for conducting external reviews of adverse determinations that complies with the provisions of NRS 695G.241 to 695G.310 , inclusive.
Nev. Rev. Stat. § 686A.185 — NV Code / Title 57 / Chapter 686A / Section 686A.185
Review and finality of Commissioner's orders
Status: in_force

1. An order issued by the Commissioner under NRS 686A.183 is subject to review pursuant to the provisions of NRS 679B.370 .

2. An order issued by the Commissioner under NRS 686A.183 or 686A.187 shall become final: (a) Upon the expiration of the time allowed for taking an appeal, if no petition for review has been duly filed within such time, except that the Commissioner may thereafter modify or set aside the order to the extent provided in subsection 3 of NRS 686A.183 ; or (b) Upon the final decision of the court if the court directs that the order of the Commissioner be affirmed or the petition for review dismissed.
Nev. Rev. Stat. § 686A.700 — NV Code / Title 57 / Chapter 686A / Section 686A.700
Disclosure of use of credit information
Status: in_force

1. If an insurer uses credit information in underwriting or rating an applicant, the insurer or its agent shall disclose, either on the application for the policy or at the time the application is taken, that the insurer may obtain credit information in connection with the application. The disclosure must be written or provided to an applicant in the same medium as the application. The insurer need not provide the disclosure required pursuant to this subsection to a policyholder upon renewal of a policy if the policyholder was previously provided the disclosure in connection with the policy. An insurer may comply with the requirements of this subsection by providing the following statement: In connection with this application for insurance, we may review your credit report or obtain or use a credit-based insurance score based on the information contained in that credit report. We may use a third party in connection with the development of your insurance score.

2. The Division shall post on its Internet website a list of each insurer that does not use an insurance score when underwriting, rating an applicant for or calculating the premium for a policy of insurance for a passenger car or homeowner's insurance and shall update this list on July 1 of each year.

3. The Division may post on its Internet website, without limitation: (a) General information concerning the use of an insurance score in underwriting, rating an applicant for or calculating the premium for a policy of insurance; and (b) Applicable laws governing the manner in which an insurance score may be used.

4. As used in this section, “passenger car” has the meaning ascribed to it in NRS 482.087 .
Nev. Rev. Stat. § 687B.383 — NV Code / Title 57 / Chapter 687B / Section 687B.383
Refusal to issue, cancellation of, nonrenewal of or increase in premium or rate for certain policies solely on basis of breed of dog prohibited; exception; permissible inquiry by insurer regarding dog
Status: in_force

1. Except as otherwise provided in subsection 2, an insurer shall not: (a) Refuse to issue; (b) Cancel; (c) Refuse to renew; or (d) Increase a premium or rate for, a policy of insurance based solely on the specific breed or mixture of breeds of a dog that is harbored or owned on an applicable property.

2. The provisions of subsection 1 do not prohibit an insurer from: (a) Refusing to issue; (b) Cancelling; (c) Refusing to renew; or (d) Imposing a reasonable increase to a premium or rate for, a policy of insurance based on sound underwriting and actuarial principles on the basis that a particular dog which is harbored or owned on an applicable property is known to be dangerous or vicious or has been declared to be dangerous or vicious in accordance with NRS 202.500 .

3. An insurer may not ask or inquire about the specific breed or mixture of breeds of a dog which is harbored or owned on an applicable property except to ask if the dog is known to be dangerous or vicious or has been declared to be dangerous or vicious in accordance with NRS 202.500 .

4. As used in this section, “ policy of insurance ” means: (a) A policy of homeowner's insurance; (b) A policy of renter's insurance; (c) A policy of insurance which covers a manufactured home or a mobile home; and (d) An umbrella policy as defined in NRS 687B.440 .
Nev. Rev. Stat. § 688A.320 — NV Code / Title 57 / Chapter 688A / Section 688A.320
Calculation of adjusted premiums for policies issued before operative date of NRS 688A.325
Status: in_force

1. Except as provided in subsections 4 and 6, the adjusted premiums for any policy must be calculated on an annual basis and be such a uniform percentage of the respective premiums specified in the policy for each policy year, excluding any extra premiums charged because of impairments or special hazards, that the present value, at the date of issue of the policy, of all such adjusted premiums is equal to the sum of: (a) The then present value of the future guaranteed benefits provided for by the policy; (b) Two percent of the amount of insurance, if the insurance is uniform in amount, or of the equivalent uniform amount, as defined in this section, if the amount of insurance varies with duration of the policy; (c) Forty percent of the adjusted premium for the first policy year; and (d) Twenty-five percent of either the adjusted premium for the first policy year or the adjusted premium for a whole life policy of the same uniform or equivalent uniform amount with uniform premiums for the whole of life issued at the same age for the same amount of insurance, whichever is less.

2. In applying the percentages specified in paragraphs (c) and (d) of subsection 1, no adjusted premium shall be deemed to exceed 4 percent of the amount of insurance or uniform amount equivalent thereto. The date of issue of a policy for the purpose of this section must be the date as of which the rated age of the insured is determined.

3. In the case of a policy providing an amount of insurance varying with duration of the policy, the equivalent uniform amount thereof for the purpose of this section shall be deemed to be the uniform amount of insurance provided by an otherwise similar policy, containing the same endowment benefit or benefits, if any, issued at the same age and for the same term, the amount of which does not vary with duration and the benefits under which have the same present value at the date of issue as the benefits under the policy, except that, in the case of a policy providing a varying amount of insurance issued on the life of a child under 10 years of age, the equivalent uniform amount may be computed as though the amount of insurance provided by the policy before the attainment of age 10 were the amount provided by the policy at age 10.

4. The adjusted premiums for any policy providing term insurance benefits by rider or supplemental policy provision must be equal to (A) the adjusted premiums for an otherwise similar policy issued at the same age without term insurance benefits, increased, during the period for which premiums for term insurance benefits are payable, by (B) the adjusted premiums for such term insurance, the foregoing items (A) and (B) being calculated separately and as specified in subsections 1 and 2, except that, for the purposes of paragraphs (b), (c) and (d) of subsection 1, the amount of insurance or equivalent uniform amount of insurance used in the calculation of the adjusted premiums referred to in (B) must be equal to the excess of the corresponding amount determined for the entire policy over the amount used in the calculation of the adjusted premiums in (A).

5. Except as provided in NRS 688A.330 and 688A.340 , all adjusted premiums and present values referred to in NRS 688A.290 to 688A.360 , inclusive, must for all policies of ordinary insurance be calculated on the basis of the Commissioners 1941 Standard Ordinary Mortality Table, but for any category of ordinary insurance on female risks, adjusted premiums and present values may be calculated according to an age not more than 3 years younger than the actual age of the insured, and such calculations for all policies of industrial insurance must be made on the basis of the 1941 Standard Industrial Mortality Table. All calculations must be made on the basis of the rate of interest, not exceeding 3.5 percent per annum, specified in the policy for calculating cash surrender values and paid-up nonforfeiture benefits, but in calculating the present value of any paid-up term insurance with accompanying pure endowment, if any, offered as a nonforfeiture benefit, the rates of mortality assumed may be not more than 130 percent of the rates of mortality according to the applicable table. The calculation of any adjusted premiums and present values for insurance issued on a substandard basis may be based on such other table of mortality as may be specified by the insurer and approved by the Commissioner.

6. This section does not apply to policies issued on or after the operative date of NRS 688A.325 .
Nev. Rev. Stat. § 679B.282 — NV Code / Title 57 / Chapter 679B / Section 679B.282
Report of examination: Hearing; filing for public inspection; forwarding filed report to examinee; distribution and presentation of report of examination of domestic insurer
Status: in_force

1. If requested by the person examined, within the period allowed under subsection 1 of NRS 679B.280 , or if ordered pursuant to subsection 2 of that section, the Commissioner shall hold a hearing relative to the report and shall not file the report in the Division for public inspection until after the hearing and the order of the Commissioner thereon.

2. If no hearing has been requested or ordered, the examination report, with such modifications, if any, thereof as the Commissioner deems proper, must be filed in the Division for public inspection within 30 days after the expiration of the period allowed for review by the person examined. Otherwise the report must be so filed within 30 days after final hearing thereon, except that the Commissioner may withhold from public inspection any report for so long as the Commissioner deems such withholding to be necessary for the protection of the person examined against unwarranted injury or to be in the public interest.

3. The Commissioner shall forward to the person examined a copy of the examination report as filed, together with any recommendations or statements relating thereto which the Commissioner deems proper.

4. If the report concerns the examination of a domestic insurer, a copy of the report, or a summary thereof approved by the Commissioner must be presented by the insurer's chief executive officer to the insurer's board of directors or similar governing body at its next regular board meeting. A copy of the report must also be furnished by the secretary of the insurer, if incorporated, or by the attorney-in-fact if a reciprocal insurer, within 30 days after receipt of the report in final form by the insurer, to each member of the insurer's board of directors or board of governors, if a reciprocal insurer, and the certificate of the secretary or attorney-in-fact that a copy of the examination report has been so furnished shall be deemed to constitute knowledge of the contents of the report by each such member.
Nev. Rev. Stat. § 689B.0379 — NV Code / Title 57 / Chapter 689B / Section 689B.0379
Policy prohibited from excluding coverage for treatment of temporomandibular joint; exception
Status: in_force

1. Except as otherwise provided in this section, no policy of group health insurance may be delivered or issued for delivery in this state if it contains an exclusion of coverage of the treatment of the temporomandibular joint whether by specific language in the policy or by a claims settlement practice. A policy may exclude coverage of those methods of treatment which are recognized as dental procedures, including, but not limited to, the extraction of teeth and the application of orthodontic devices and splints.

2. The insurer may limit its liability on the treatment of the temporomandibular joint to: (a) No more than 50 percent of the usual and customary charges for such treatment actually received by an insured, but in no case more than 50 percent of the maximum benefits provided by the policy for such treatment; and (b) Treatment which is medically necessary.

3. Any provision of a policy subject to the provisions of this chapter and issued or delivered on or after January 1, 1990, which is in conflict with this section is void.
Nev. Rev. Stat. § 681A.235 — NV Code / Title 57 / Chapter 681A / Section 681A.235
Management of concentration risk by ceding insurer
Status: in_force

1. A ceding insurer shall take steps to manage its reinsurance recoverables proportionate to its own book of business. A domestic ceding insurer shall notify the Commissioner within 30 days after reinsurance recoverables from any single assuming insurer, or group of affiliated assuming insurers, exceeds 50 percent of the domestic ceding insurer's last reported surplus to policyholders, or after it is determined that reinsurance recoverables from any single assuming insurer, or group of affiliated assuming insurers, is likely to exceed this limit. The notification must demonstrate that the exposure is safely managed by the domestic ceding insurer.

2. A ceding insurer shall take steps to diversify its reinsurance program. A domestic ceding insurer shall notify the Commissioner within 30 days after ceding to any single assuming insurer, or group of affiliated assuming insurers, more than 20 percent of the ceding insurer's gross written premium in the preceding calendar year, or after it has determined that the reinsurance ceded to any single assuming insurer, or group of affiliated assuming insurers, is likely to exceed this limit. The notification must demonstrate that the exposure is safely managed by the domestic ceding insurer.
Nev. Rev. Stat. § 684B.030 — NV Code / Title 57 / Chapter 684B / Section 684B.030
Bond: Requirement; amount; replacement
Status: in_force

1. Before the issuance of a motor vehicle physical damage appraiser's license the applicant shall file with the Commissioner, and thereafter maintain in force while so licensed, a surety bond which complies with NRS 679B.175 and is in an amount determined by the Commissioner.

2. A replacement bond must meet all requirements for the initial bond.
Nev. Rev. Stat. § 686C.035 — NV Code / Title 57 / Chapter 686C / Section 686C.035
Scope of chapter: Coverage not provided
Status: in_force

1. This chapter does not provide coverage for: (a) A portion of a policy or contract not guaranteed by the member insurer, or under which the risk is borne by the owner of the policy or contract. (b) A policy or contract of reinsurance unless assumption certificates have been issued pursuant to that policy or contract. (c) A portion of a policy or contract, other than a portion of a policy or contract of health insurance or that provides benefits for long-term care, including, without limitation, a rider that provides such benefits, to the extent that the rate of interest on which it is based, or the interest rate, crediting rate or similar factor determined by the use of an index or other external reference stated in the policy or contract employed in calculating returns or changes in value: (1) Averaged over the period of 4 years before the date on which the association becomes obligated with respect to the policy or contract, exceeds the rate of interest determined by subtracting 2 percentage points from Moody's Corporate Bond Yield Average averaged for the same period, or for the period between the date of issuance of the policy or contract and the date the association became obligated, whichever period is less; and (2) On or after the date on which the association becomes obligated with respect to the policy or contract, exceeds the rate of interest determined by subtracting 3 percentage points from Moody's Corporate Bond Yield Average as most recently available. (d) A portion of a policy or contract issued to a plan or program of an employer, association or other person to provide life, health or annuity benefits to its employees, members or other persons to the extent that the plan or program is self-funded or uninsured, including, but not limited to, benefits payable by an employer, association or other person under: (1) A multiple employer welfare arrangement described in 29 U.S.C. § 1002(40) ; (2) A minimum-premium group insurance plan; (3) A stop-loss group insurance plan; or (4) A contract for administrative services only. (e) A portion of a policy or contract to the extent that it provides for dividends, credits for experience, voting rights or the payment of any fee or allowance to any person, including the owner of a policy or contract, for services or administration connected with the policy or contract. (f) A policy or contract issued in this state by a member insurer at a time when the member insurer was not authorized to issue the policy or contract in this state. (g) A portion of a policy or contract to the extent that the assessments required by NRS 686C.230 with respect to the policy or contract are preempted by federal law. (h) An obligation that does not arise under the express written terms of the policy or contract issued by the member insurer, including: (1) Claims based on marketing materials; (2) Claims based on side letters or other documents that were issued by the member insurer without satisfying applicable requirements for filing or approval of policy or contract forms; (3) Misrepresentations of or regarding policy or contract benefits; (4) Extra-contractual claims; or (5) A claim for penalties or consequential or incidental damages. (i) A contractual agreement that establishes the member insurer's obligation to provide a guarantee based on accounting at book value for participants in a defined-contribution benefit plan by reference to a portfolio of assets owned by the benefit plan or its trustee, which in each case is not an affiliate of the member insurer. (j) A portion of a policy or contract to the extent that it provides for interest or other changes in value which are determined by the use of an index or other external reference stated in the policy or contract, but which have not been credited to the policy or contract, or as to which the rights of the owner of the policy or contract are subject to forfeiture, determined on the date the member insurer becomes an impaired or insolvent insurer, whichever occurs first. If the interest or changes in value of a policy or contract are credited less frequently than annually, for the purpose of determining the values that have been credited and are not subject to forfeiture, the interest or change in value determined by using procedures stated in the policy or contract must be credited as if the contractual date for crediting interest or changing values was the date of the impairment or insolvency of the insured member, whichever occurs first and is not subject to forfeiture. (k) An unallocated annuity contract other than an annuity owned by a governmental retirement plan established under section 401 , 403(b) or 457 of the Internal Revenue Code , 26 U.S.C. §§ 401 , 403(b) and 457 , respectively, or the trustees of such a plan. (l) A policy or contract providing any hospital, medical, prescription drug or other health care benefits pursuant to 42 U.S.C. §§ 1395w-21 et seq. and 1395w-101 et seq. or 42 U.S.C. §§ 1396 et seq., and any regulations adopted pursuant thereto.

2. As used in this section, “ Moody's Corporate Bond Yield Average ” means the monthly average for corporate bonds published by Moody's Investors Service, Inc., or any successor average.
Nev. Rev. Stat. § 682A.185 — NV Code / Title 57 / Chapter 682A / Section 682A.185
“Repurchase transaction” defined
Status: in_force

“ Repurchase transaction ” means a transaction in which an insurer purchases securities from a business entity that is obligated to repurchase the purchased securities, or equivalent securities, from the insurer at a specified price, either within a specified period of time or upon demand.
Nev. Rev. Stat. § 695A.460 — NV Code / Title 57 / Chapter 695A / Section 695A.460
Annual statement of financial condition, transactions and affairs: Penalties for failure to file properly
Status: in_force

If a society fails to file the annual statement in the form and within the time provided by NRS 695A.450 , it shall pay to the Commissioner $100 for each day that the statement remains unfiled or deficient, and, upon notice by the Commissioner to that effect, its authority to do business in this state ceases until the statement is properly filed.
Nev. Rev. Stat. § 692A.1037 — NV Code / Title 57 / Chapter 692A / Section 692A.1037
Application for issuance of license as title agent or escrow officer must include social security number
Status: in_force

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

An application for the issuance of a license as a title agent or escrow officer must include the social security number of the applicant.
Nev. Rev. Stat. § 679B.360 — NV Code / Title 57 / Chapter 679B / Section 679B.360
Order on hearing
Status: in_force

1. In the conduct of hearings under this Code and making an order thereon, the Commissioner shall act in a quasi-judicial capacity.

2. Except as otherwise provided in this subsection, within 30 days after termination of a hearing, or of any rehearing thereof or reargument thereon, or within such other period as may be specified in this Code as to particular proceedings, the Commissioner shall make an order on hearing covering matters involved in such hearing, and give a copy of the order to each party to the hearing in the same manner as notice of the hearing was given to such party. With respect to hearings held concerning merger, consolidation, bulk reinsurance, conversion, affiliation or change of control of a domestic insurer as provided in chapter 693A of NRS (corporate powers, procedures of domestic stock and mutual insurers), where notice of the hearing was given to all stockholders and policyholders or to all stockholders or policyholders of an insurer involved, the Commissioner is required to give a copy of the order on hearing to the corporation and insurer parties, to intervening parties, to a reasonable number of such stockholders or policyholders as representative of the class, and to other parties only upon written request of such parties.

3. The order shall contain: (a) A concise statement of facts found by the Commissioner upon evidence adduced at the hearing; (b) A concise statement of the Commissioner's conclusions from the facts so found; (c) The order, and the effective date thereof; and (d) Citation of the provisions of this Code upon which the order is based; but failure so to designate a particular provision shall not deprive the Commissioner of the right thereafter to rely thereon.

4. The order may affirm, modify or rescind action theretofore taken or may constitute taking of new action within the scope of the notice of the hearing.
Nev. Rev. Stat. § 684A.015 — NV Code / Title 57 / Chapter 684A / Section 684A.015
Definitions
Status: in_force

As used in this Code, unless the context otherwise requires, the words and terms defined in NRS 684A.020 to 684A.034 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 688A.170 — NV Code / Title 57 / Chapter 688A / Section 688A.170
Excluded or restricted coverage
Status: in_force

A clause in any policy of life insurance providing that such policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy, and shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict coverage, whether or not such restrictions or exclusions are excepted in such clause.
Nev. Rev. Stat. § 695G.220 — NV Code / Title 57 / Chapter 695G / Section 695G.220
Annual report; managed care organization required to maintain records of and report complaints concerning something other than health care services
Status: in_force

1. Each managed care organization shall submit to the Commissioner an annual report regarding its system for resolving complaints established pursuant to NRS 695G.200 on a form prescribed by the Commissioner which includes, without limitation: (a) A description of the procedures used for resolving 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 managed care organization 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. § 684A.250 — NV Code / Title 57 / Chapter 684A / Section 684A.250
Court authorized to impose fine in lieu of Commissioner's order suspending, revoking or refusing to continue license; exception
Status: in_force

1. Upon the hearing of an appeal from the Commissioner's order suspending, revoking or refusing to continue any license issued under the provisions of this chapter, the court, if it finds that the licensee is guilty of a violation of the law, and if it deems the suspension, revocation or refusal too severe a penalty under the facts as found, may impose a fine of not more than $500 in lieu thereof. Payment of the fine within 10 days thereafter shall reinstate, restore or continue the license.

2. If it appears that a license of the licensee has theretofore been suspended, revoked or refused for a similar offense, the court shall not have jurisdiction to impose a fine in lieu of the action required by the order appealed from.
Nev. Rev. Stat. § 690B.010 — NV Code / Title 57 / Chapter 690B / Section 690B.010
Other applicable provisions
Status: in_force

All contracts of casualty insurance covering subjects resident, located or to be performed in this State are subject to the applicable provisions of chapter 687B of NRS (the insurance contract), and to other applicable provisions of this Code.
Nev. Rev. Stat. § 682A.504 — NV Code / Title 57 / Chapter 682A / Section 682A.504
Required reserve amount
Status: in_force

1. For the purposes of determining the amount of assets to be maintained in accordance with this section, the calculation of adjusted loss reserves and loss adjustment expense reserves, adjusted unearned premium reserves and statutorily required policy and contract reserves must be based on the amounts reported as of the most recent annual or quarterly statement date.

2. Adjusted loss reserves and loss adjustment expense reserves must be, for each individual line of business, equal to the sum derived by multiplying the amount obtained pursuant to paragraph (a) by the amount obtained pursuant to paragraph (b), and subtracting from the product obtained by way of that multiplication the amount obtained pursuant to paragraph (c), as follows: (a) The result of each amount reported by the insurer as losses and loss adjustment expenses unpaid for each accident year for each individual line of business. (b) The discount factor that is applicable to the line of business and accident year published by the Internal Revenue Service in accordance with the provisions of section 846 of the Internal Revenue Code , 26 U.S.C. § 846 , as amended, for the calendar year that corresponds to the most recent annual statement of the insurer. (c) Accrued retrospective premiums discounted by an average discount factor. The discount factor used in this paragraph must be calculated by dividing the losses and loss adjustment expenses unpaid after discounting by loss and loss adjustment expense reserves before discounting the amount obtained pursuant to paragraph (a).

3. For purposes of the calculations required pursuant to subsection 2, the losses and loss adjustment expenses unpaid must be determined net of anticipated salvage and subrogation, and gross of any discount for the time value of money or tabular discount.

4. Adjusted unearned premium reserves must be equal to the sum derived by subtracting the amount obtained pursuant to paragraph (b) from the amount obtained pursuant to paragraph (a), as follows: (a) The amount reported by the insurer as unearned premium reserves. (b) The admitted asset amounts reported by the insurer as: (1) Premiums in and agent's balances in the course of collection, accident and health premiums due and unpaid and uncollected premiums for accident and health premiums; (2) Premiums, agent's balances and installments booked but deferred and not yet due; and (3) Bills receivable, taken for premium.

5. Statutorily required policy and contract reserves also must include, without limitation, any required contingency reserves, including, without limitation, in the case of a mortgage guaranty insurer, the amounts required by NRS 681B.100 .
Nev. Rev. Stat. § 690B.023 — NV Code / Title 57 / Chapter 690B / Section 690B.023
Evidence of insurance: Insurer required to provide to insured on approved form; contents; electronic format; liability for damages to mobile electronic device presented to provide such evidence
Status: in_force

1. Except as otherwise provided in subsection 2, if insurance for the operation of a motor vehicle required pursuant to NRS 485.185 is provided by a contract of insurance, the insurer shall: (a) Provide evidence of insurance to the insured on a form approved by the Commissioner. The evidence of insurance must include: (1) The name and address of the policyholder; (2) The name and address of the insurer; (3) Vehicle information, consisting of: (I) The year, make and complete identification number of the insured vehicle or vehicles; or (II) The word “Fleet” and the name of the registered owner if the vehicle is covered under a fleet policy written on an any auto basis or blanket policy basis; (4) The term of the insurance, including the day, month and year on which the policy: (I) Becomes effective; and (II) Expires; (5) The number of the policy; (6) A statement that the coverage meets the requirements set forth in NRS 485.185 ; and (7) The statement “This evidence of insurance must be carried in the insured motor vehicle for production upon demand.” The statement must be prominently displayed. (b) Provide new evidence of insurance if: (1) The information regarding the insured vehicle or vehicles required pursuant to subparagraph (3) of paragraph (a) no longer is accurate; (2) An additional motor vehicle is added to the policy; (3) A new number is assigned to the policy; or (4) The insured notifies the insurer that the original evidence of insurance has been lost.

2. Upon the request of an insured and to the extent available, the insurer may provide the evidence of insurance in an electronic format, approved by the Commissioner, that can be displayed on a mobile electronic device. The electronic format must provide for the inclusion of all information required by paragraph (a) of subsection 1. An insured who makes such a request may also request that the insurer provide the insured with the form provided for in subsection 1.

3. A person who presents a mobile electronic device to another person to provide evidence of insurance assumes all liability for any resulting damage to the mobile electronic device.
Nev. Rev. Stat. § 688A.363 — NV Code / Title 57 / Chapter 688A / Section 688A.363
Minimum nonforfeiture amounts
Status: in_force

1. The minimum values, specified in NRS 688A.3631 to 688A.3637 , inclusive, and 688A.366 , of any paid-up annuity, cash surrender or death benefits available under an annuity contract must be based upon minimum nonforfeiture amounts as defined in this section.

2. The minimum nonforfeiture amount for any time at or before the commencement of any annuity payments is equal to an accumulation of 87.5 percent of the gross considerations up to such time at a rate of interest calculated pursuant to subsection 3, which must be decreased by the sum of: (a) Any prior withdrawals from or partial surrenders of the contract, accumulated at a rate of interest calculated pursuant to subsection 3; (b) An annual charge in the amount of $50, accumulated at rates of interest calculated pursuant to subsection 3; (c) Any premium tax paid by the company for the contract, accumulated at rates of interest calculated pursuant to subsection 3; and (d) The amount of any indebtedness to the company on the contract, including interest due and accrued.

3. For the purpose of this section, the rate of interest used to determine the minimum nonforfeiture amounts must be an annual rate of interest determined as the lesser of 3 percent per annum or a rate specified in the contract if the rate is calculated in accordance with regulations adopted by the Commissioner, except that at no time may the resulting rate be less than 0.15 percent per annum.

4. The Commissioner may provide by regulation for further adjustments to the calculation of minimum nonforfeiture amounts for contracts that provide substantive participation in an equity index benefit or for other contracts that the Commissioner determines require adjustment. An adjustment to the calculation of the interest rate used to determine the minimum nonforfeiture amounts authorized under this subsection may not result in an interest rate of less than 0.15 percent per annum.
Nev. Rev. Stat. § 689.480 — NV Code / Title 57 / Chapter 689 / Section 689.480
Unlawful acts; exception
Status: in_force

1. It is unlawful for any person to receive, hold, control or manage money or proceeds received or derived from the sale of, or from a contract to sell, any personal property, equipment, merchandise or supplies of any description not then already existing, available, deliverable and suitable for use in, or for the performance of, any services connected with the interment, entombment or inurnment of the remains of any deceased person, whether any such payment is made in lump sum or on an installment basis, before the demise of the contract beneficiary for whom purchased, unless the provisions of NRS 689.450 to 689.595 , inclusive, are complied with.

2. The provisions of subsection 1 do not apply to: (a) The sale of grave plots, interests in land of a cemetery or space in a mausoleum vault or crypt or columbarium niche by any cemetery authority otherwise authorized to make such sales under NRS 689.450 to 689.595 , inclusive, which sales must be separated and distinctly defined in any agreement for burial merchandise and services. (b) A bona fide prepaid agreement whereby a cemetery authority is to furnish burial merchandise and services to a person who has a medically diagnosed terminal illness and which agreement is entered into and fully performed by the cemetery authority within 60 days of the date medically predicted for the demise of the beneficiary named in any such agreement.
Nev. Rev. Stat. § 689.175 — NV Code / Title 57 / Chapter 689 / Section 689.175
Certificate of authority: Application and supporting documents; fees
Status: in_force

1. The proposed seller, or the appropriate corporate officer of the proposed seller, shall apply in writing to the Commissioner for a seller's certificate of authority, showing: (a) The proposed seller's name and address, and his or her occupations during the preceding 5 years; (b) The name and address of the proposed trustee; (c) The names and addresses of the proposed performers, specifying what particular services, supplies and equipment each performer is to furnish under the proposed prepaid contract; and (d) Such other pertinent information as the Commissioner may reasonably require.

2. The application must be accompanied by: (a) A copy of the proposed trust agreement and a written statement signed by an authorized officer of the proposed trustee to the effect that the proposed trustee understands the nature of the proposed trust fund and accepts it; (b) A copy of each contract or understanding, existing or proposed, between the seller and performers relating to the proposed prepaid contract or items to be supplied under it; (c) A certified copy of the articles of incorporation and the bylaws of any corporate applicant; (d) A copy of any other document relating to the proposed seller, trustee, trust, performer or prepaid contract, as required by the Commissioner; and (e) The applicable fee established in NRS 680B.010 , which is not refundable, and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 .

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

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; and (b) Request from each such agency any information regarding the applicant's background as the Commissioner deems necessary.
Nev. Rev. Stat. § 688A.281 — NV Code / Title 57 / Chapter 688A / Section 688A.281
Qualified charitable-gift annuity: Definitions
Status: in_force

As used in NRS 688A.281 to 688A.285 , inclusive, unless the context otherwise requires:

1. “ Charitable-gift annuity ” means an annuity payable over one or two lives issued by a charitable organization in return for a transfer of money or property by the donor, if the actuarial value of the annuity is less than the value of the money or property transferred and a deduction as a charitable contribution is allowable for purposes of federal taxes.

2. “ Charitable organization ” means an artificial person described as such in section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) , or section 170(c) of the Internal Revenue Code of 1986 , 26 U.S.C. § 170(c) .

3. “ Qualified charitable-gift annuity ” means a charitable-gift annuity described in section 501(m)(5) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(m)(5) , and section 514(c)(5) of the Internal Revenue Code of 1986 , 26 U.S.C. § 514(c)(5) , which is issued by a charitable organization that on the date of issuance: (a) Owns at least $300,000 worth of money, cash equivalents or publicly traded securities, exclusive of the amount transferred to it in return for the annuity; and (b) Has operated continuously for at least 3 years or is a successor or affiliate of a charitable organization that has operated continuously for at least 3 years.

The term does not include an annuity for which any person is paid compensation that is contingent upon the issuance of the annuity or based upon the value of the annuity other than a payment for reinsurance to an insurer licensed to issue insurance in this state.
Nev. Rev. Stat. § 687A.090 — NV Code / Title 57 / Chapter 687A / Section 687A.090
Subrogation; exceptions
Status: in_force

1. Any person recovering under this chapter shall be deemed to have assigned his or her rights under the policy to the Association to the extent of the person's recovery from the Association. Every insured or claimant seeking the protection of this chapter shall cooperate with the Association to the same extent as the person would have been required to cooperate with the insolvent insurer. Except: (a) As otherwise provided in subsection 2; and (b) For a cause of action which the insolvent insurer would have had if such sums had been paid by the insolvent insurer, the Association does not have a cause of action against the insured of the insolvent insurer for any sums it has paid out.

2. The Association may recover the amount of money paid: (a) To or on behalf of an insured of an insolvent insurer: (1) If the aggregate net worth of the insured and any affiliate of the insured, as determined on a consolidated basis, is more than $10,000,000 on December 31 of the year immediately preceding the date the insurer becomes an insolvent insurer; or (2) If the Association paid the money in error. (b) To any person who is an affiliate of the insolvent insurer.

3. The Association and any association similar to the Association in another state must be recognized as claimants in the liquidation of an insolvent insurer for any amounts paid by them on obligations relating to covered claims as determined under this chapter or similar laws in other states and must receive dividends and any other distributions at the priority set forth in the final order of liquidation. The receiver, liquidator or statutory successor of an insolvent insurer is bound by determinations of eligibility of covered claims under this chapter and by any settlements of covered claims by the Association or a similar organization in another state. The court having jurisdiction shall grant those claims priority equal to that to which the claimant would have been entitled in the absence of this chapter against the assets of the insolvent insurer. The expenses of the Association or similar organization in handling claims must be accorded the same priority as the liquidator's expenses.

4. The Association shall periodically file with the receiver or liquidator of the insolvent insurer statements of the covered claims paid by the Association and estimates of anticipated claims on the Association, which statements shall preserve the rights of the Association against the assets of the insolvent insurer.

5. As used in this section, “ affiliate ” means a person who directly or indirectly owns or controls, is owned or controlled by, or is under common ownership or control with, another person. For the purpose of this definition, the terms “ owns ,” “ is owned ” and “ ownership ” mean ownership of an equity interest, or the equivalent thereof, of 10 percent or more.
Nev. Rev. Stat. § 692B.130 — NV Code / Title 57 / Chapter 692B / Section 692B.130
Prospectus required; contents of prospectus; other literature; filing of certain sales literature and visual sales material with Commissioner
Status: in_force

1. An offering of securities, or of insurance policies (in case of qualifying applications for insurance in the formation of a domestic mutual insurer), shall be made only by a written prospectus as filed with the Commissioner and delivered to the prospective investor or policyholder.

2. The prospectus shall disclose all facts relative to the issuer and the offered security or policy which are reasonably material thereto, and shall not omit a material fact necessary to make the statements made, in the light of the circumstances under which made, not misleading. The Commissioner may make reasonable rules and regulations concerning the form and contents of prospectuses, not inconsistent with the provisions of this Code.

3. The Commissioner may accept, as a compliance with this section, a prospectus or offering circular covering securities to be offered in this state under an existing registration thereof with the Securities and Exchange Commission or under an existing exemption from such registration pursuant to Regulation A of the general rules and regulations of the Securities and Exchange Commission under the Securities Act of 1933, 1 as amended.

4. As to securities covered by a solicitation permit, no sales literature or visual sales material other than the prospectus or offering circular shall be used in solicitations unless a copy thereof has been filed with the Commissioner in advance of such use and not disapproved by the Commissioner in writing mailed or delivered to the filing party within 10 days after the date of such filing. The Commissioner shall disapprove any such literature or material found by the Commissioner to be untrue or misleading. This subsection does not modify or affect any applicable requirement or prohibition under or pursuant to the Securities Act of 1933, as amended.

1 15 USCA § 77a et seq.
Nev. Rev. Stat. § 688A.260 — NV Code / Title 57 / Chapter 688A / Section 688A.260
Provisions limiting liability
Status: in_force

1. No policy of life insurance shall be delivered or issued for delivery in this state if it contains any of the following provisions: (a) A provision limiting the time within which an action at law or in equity may be commenced on such a policy to less than 3 years after the cause of action has accrued. (b) A provision which excludes or restricts liability for death caused in a certain specified manner or occurring while the insured has a specified status, except that a policy may contain provisions excluding or restricting coverage as specified therein in the event of death under any one or more of the following circumstances: (1) Death as a result, directly or indirectly, of war, declared or undeclared, or of action by military forces, or of any act or hazard of such war or action, or of service in the military, naval or air forces or in civilian forces auxiliary thereto, or from any cause while a member of such military, naval or air forces of any country at war, declared or undeclared, or of any country engaged in such military action; (2) Death as a result of aviation or any air travel or flight; (3) Death as a result of a specified hazardous occupation or occupations or avocation; (4) Death while the insured is a resident outside the continental United States of America and Canada; or (5) Death within 2 years from the date of issue of the policy as a result of suicide, while sane or insane.

2. A policy which contains any exclusion or restriction pursuant to paragraph (b) shall also provide that in the event of death under the circumstances to which any such exclusion or restriction is applicable, the insurer will pay an amount not less than a reserve determined according to the Commissioners Reserve Valuation Method upon the basis of the mortality table and interest rate specified in the policy for the calculation of nonforfeiture benefits (or if the policy provides for no such benefits, computed according to a mortality table and interest rate determined by the insurer and specified in the policy) with adjustment for indebtedness or dividend credit.

3. This section does not apply to group life insurance, health insurance, reinsurance or annuities, or to any provision in a life insurance policy or contract supplemental thereto relating to disability benefits or to additional benefits in the event of death by accident or accidental means.

4. Nothing contained in this section prohibits any provision which in the opinion of the Commissioner is more favorable to the policyholder than a provision permitted by this section.
Nev. Rev. Stat. § 690C.040 — NV Code / Title 57 / Chapter 690C / Section 690C.040
“Contractual liability insurance policy” defined
Status: in_force

“ Contractual liability insurance policy ” means a policy of insurance that is issued to a provider to either:

1. Reimburse the provider under the terms of a service contract issued or sold by the provider; or

2. If the provider does not satisfy his or her obligation under a service contract, pay on behalf of the provider any money the provider has an obligation to pay under the service contract.
Nev. Rev. Stat. § 682B.110 — NV Code / Title 57 / Chapter 682B / Section 682B.110
Deficiency of deposit
Status: in_force

If for any reason the market value of assets of an insurer held on deposit in this state falls below the amount required under this Code, the insurer shall promptly deposit other or additional assets eligible for deposit sufficient to cure the deficiency. If the insurer has failed to cure the deficiency within 20 days after receipt of notice thereof by registered or certified mail from the Commissioner, the Commissioner shall forthwith revoke the insurer's certificate of authority.
Nev. Rev. Stat. § 695E.160 — NV Code / Title 57 / Chapter 695E / Section 695E.160
Submission of financial statement, examinations, audits and other information
Status: in_force

A risk retention group transacting insurance in this state shall submit to the Commissioner:

1. A copy of the group's financial statement submitted to its state of domicile, which must be certified by an independent public accountant and contain a statement of opinion on its reserves for loss and expenses of loss adjustment made by a member of the American Academy of Actuaries or another qualified specialist in reserves for loss;

2. A copy of each examination of the risk retention group, certified by the Commissioner or other public officer conducting the examination;

3. Upon the request of the Commissioner, a copy of any audit performed with respect to the risk retention group; and

4. Such other information as the Commissioner requires to verify its continuing qualification as a risk retention group.
Nev. Rev. Stat. § 692A.109 — NV Code / Title 57 / Chapter 692A / Section 692A.109
Period to remedy deficit or unsafe condition; receivership
Status: in_force

1. The officers, directors, partners, associates or stockholders of the title agent may, within 60 days after the date the Commissioner takes possession of the property, business and assets, make good any deficit which may exist or remedy the unsafe condition of its affairs.

2. At the expiration of such time, if the deficiency in assets or capital has not been made good or the unsafe condition remedied, the Commissioner may apply to the court to be appointed receiver and proceed to liquidate the assets of the title agent which are located in this state in the same manner as now provided by law for liquidation of a private corporation in receivership.

3. No other person may be appointed receiver by any court without first giving the Commissioner reasonable notice of his or her application.

4. The inventory made by the Commissioner and all claims filed by creditors are open at all reasonable times for inspection and any action taken by the receiver upon any of the claims is subject to the approval of the court before which the cause is pending.

5. The expenses of the receiver and compensation of counsel, as well as all expenditures required in the liquidation proceedings, must be fixed by the Commissioner subject to the approval of the court, and, upon certification of the Commissioner, must be paid out of the money that he or she possesses as receiver.
Nev. Rev. Stat. § 688C.060 — NV Code / Title 57 / Chapter 688C / Section 688C.060
“Financing agent” defined
Status: in_force

1. “ Financing agent ” means an underwriter, agent for placement, enhancer of credit, lender, purchaser of securities, purchaser of a policy from a provider of viatical settlements or other person that may enter into a viatical settlement and has direct ownership in a policy that is the subject of the viatical settlement but: (a) Whose principal activity related to the transaction is providing money to effect the viatical settlement; and (b) Who has an agreement in writing with one or more licensed providers of viatical settlements to finance the acquisition of one or more viatical settlements.

2. The term does not include a nonaccredited investor or a purchaser of viatical settlements.
Nev. Rev. Stat. § 689C.192 — NV Code / Title 57 / Chapter 689C / Section 689C.192
Written certification of coverage required for purpose of determining period of creditable coverage accumulated by person
Status: in_force

1. For the purposes of determining the period of creditable coverage of a person accumulated under a health benefit plan or group health insurance, the insurer shall provide written certification of coverage on a form prescribed by the Commissioner to the person which certifies the length of: (a) The period of creditable coverage that the person accumulated under the plan and any coverage under any provision of the Consolidated Omnibus Budget Reconciliation Act of 1985, 1 as that act existed on July 16, 1997, relating to the continuation of coverage; and (b) Any waiting and affiliation period imposed on the person pursuant to that coverage.

2. The certification of coverage must be provided to the person who was insured: (a) At the time that the person ceases to be covered under the plan, if the person does not otherwise become covered under any provision of the Consolidated Omnibus Budget Reconciliation Act of 1985, as that act existed on July 16, 1997, relating to the continuation of coverage; (b) If the person becomes covered under such a provision, at the time that the person ceases to be covered by that provision; and (c) Upon request, if the request is made not later than 24 months after the date on which the person ceased to be covered as described in paragraphs (a) and (b).

1 29 U.S.C.A. §§ 1161 through 1167; 42 U.S.C.A. §§ 300bb-1 through 300bb-8
Nev. Rev. Stat. § 694C.040 — NV Code / Title 57 / Chapter 694C / Section 694C.040
“Association” defined
Status: in_force

“ Association ” means a legal entity consisting of two or more corporations, limited-liability companies, partnerships, associations or other forms of business organizations.
Nev. Rev. Stat. § 694C.380 — NV Code / Title 57 / Chapter 694C / Section 694C.380
Insurer prohibited from joining or contributing to or receiving benefit for claims from assigned risk pool or insurance insolvency guaranty fund
Status: in_force

A captive insurer shall not join or contribute financially to an assigned risk pool or insurance insolvency guaranty fund in this state. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a pool or fund for claims arising out of the operations of the captive insurer.
Nev. Rev. Stat. § 697.350 — NV Code / Title 57 / Chapter 697 / Section 697.350
Justification of suretyship by bail agent
Status: in_force

A bail agent shall justify the suretyship of the bail agent by attaching a copy of the power of attorney issued to the bail agent by the surety insurer to each bond.
Nev. Rev. Stat. § 694B.050 — NV Code / Title 57 / Chapter 694B / Section 694B.050
Attorney
Status: in_force

1. “ Attorney ,” as used in this chapter, refers to the attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm or corporation.

2. The attorney of a foreign reciprocal insurer, which insurer is duly authorized to transact insurance in this State, shall not, by virtue of the discharge of its duties as such attorney with respect to the insurer's transactions in this State, be thereby deemed to be doing business in this State within the meaning of any laws of this State applying to foreign persons, firms or corporations.

3. The subscribers and the attorney-in-fact comprise a reciprocal insurer and a single entity for the purposes of chapter 680B of NRS as to all operations under the insurer's certificate of authority.
Nev. Rev. Stat. § 686A.220 — NV Code / Title 57 / Chapter 686A / Section 686A.220
Favored agent or surety for bonds or insurance contracts under public building or construction contract prohibited; exceptions; penalty
Status: in_force

1. Except as otherwise provided in NRS 616B.710 , no officer or employee of this state, or of any public agency, public authority or public corporation (except a public corporation or public authority created pursuant to agreement or compact with another state), and no person acting or purporting to act on behalf of such officer or employee, or public agency or public authority or public corporation, shall, with respect to any public building or construction contract which is about to be or which has been competitively bid, require the bidder to make application or furnish financial data to, or to obtain or procure any of the surety bonds or contracts of insurance specified in connection with such contracts or by any law from, a particular insurer or agent or broker.

2. Except as otherwise provided in NRS 616B.710 , no such officer or employee or any person acting or purporting to act on behalf of such officer or employee shall negotiate, make application for, obtain or procure any of such surety bonds or contracts of insurance (except contracts of insurance for builder's risk or owner's protective liability) which can be obtained or procured by the bidder, contractor or subcontractor.

3. This section does not, however, prevent the exercise by such officer or employee on behalf of the State or such public agency, public authority or public corporation of its right to approve the form, sufficiency or manner of execution of the surety bonds or contracts of insurance furnished by the insurer selected by the bidder to underwrite such bonds or contracts of insurance.

4. Any provisions in any invitation for bids or in any of the contract documents in conflict with this section are declared to be contrary to the public policy of this state.

5. A violation of this section is subject to the penalties provided by NRS 679A.180 (general penalty).
Nev. Rev. Stat. § 695G.280 — NV Code / Title 57 / Chapter 695G / Section 695G.280
Basis for decision of independent review organization
Status: in_force

The decision of an independent review organization concerning a request for an external review must be based on:

1. Documentary evidence, including any recommendation of the physician of the insured submitted pursuant to NRS 695G.251 ;

2. Medical or scientific evidence, including, without limitation: (a) Professional standards of safety and effectiveness for diagnosis, care and treatment that are generally recognized in the United States; (b) Any report published in literature that is peer-reviewed; (c) Evidence-based medicine, including, without limitation, reports and guidelines that are published by professional organizations that are recognized nationally and that include supporting scientific data; and (d) An opinion of an independent physician who, as determined by the independent review organization, is an expert in the health specialty that is the subject of the independent review; and

3. The terms and conditions for benefits set forth in the evidence of coverage issued to the insured by the health carrier.
Nev. Rev. Stat. § 683A.176 — NV Code / Title 57 / Chapter 683A / Section 683A.176
“Third party” defined
Status: in_force

<Section effective until Jan. 1, 2026. See, also, section 683A.176 effective Jan. 1, 2026.>

“ Third party ” means:

1. An insurer, as that term is defined in NRS 679B.540 ;

2. A health benefit plan, as that term is defined in NRS 687B.470 , for employees which provides a pharmacy benefits plan;

3. A participating public agency, as that term is defined in NRS 287.04052 , and any other local governmental agency of the State of Nevada which provides a system of health insurance for the benefit of its officers and employees, and the dependents of officers and employees, pursuant to chapter 287 of NRS ; or

4. Any other insurer or organization that provides health coverage or benefits or coverage of prescription drugs as part of workers' compensation insurance in accordance with state or federal law. The term does not include an insurer that provides coverage under a policy of casualty or property insurance.
Nev. Rev. Stat. § 679B.690 — NV Code / Title 57 / Chapter 679B / Section 679B.690
Confidentiality of records and other information related to investigation for prosecution of insurance fraud
Status: in_force

1. Except as otherwise provided in NRS 239.0115 , all records and other information related to an investigation for the prosecution of insurance fraud conducted pursuant to NRS 679B.600 to 679B.700 , inclusive, or 686A.281 to 686A.295 , inclusive, are confidential unless: (a) The prosecuting attorney releases, in such manner as he or she deems appropriate, all or any part of the records or information for public inspection after determining that the release of the records or information: (1) Will not harm the investigation or the person who is being investigated; or (2) Serves the interests of a policyholder, the shareholders of the insurer or the public; or (b) A court orders the release of the records or information after determining that the production of the records or information will not damage any investigation being conducted pursuant to NRS 679B.600 to 679B.700 , inclusive, or 686A.281 to 686A.295 , inclusive.

2. The prosecuting attorney or Commissioner may classify as confidential specific records and other information if the records or other information was obtained from a governmental agency or other source upon the express condition that the contents would remain confidential.

3. Except as otherwise provided in NRS 686A.287 and except as necessary for the prosecution of a crime, information and documents that are related to cases or matters investigated for the prosecution of insurance fraud pursuant to NRS 679B.600 to 679B.700 , inclusive, or 686A.281 to 686A.295 , inclusive, are confidential for the duration of the investigation and remain confidential after the completion of the investigation. Such information and documents may not be made public unless the prosecuting attorney finds the existence of an imminent threat of harm to the safety or welfare of the policyholder, shareholders or the public and determines that the interests of the policyholder, shareholders or the public will be served by publication thereof, in which event the prosecuting attorney may make a record public or publish all or any part of the record in any manner the prosecuting attorney deems appropriate.

4. As used in this section, “ prosecuting attorney ” means the Attorney General or the district attorney of a county when acting pursuant to subsection 4 of NRS 686A.283 .
Nev. Rev. Stat. § 689B.061 — NV Code / Title 57 / Chapter 689B / Section 689B.061
Limitations on deductibles and copayments charged under policy which offers difference of payment between preferred providers of health care and providers who are not preferred
Status: in_force

A policy of group health insurance which offers a difference of payment between preferred providers of health care and providers of health care who are not preferred:

1. May not require an insured, another insurer who issues policies of group health insurance, a nonprofit medical service corporation or a health maintenance organization to pay any amount in excess of the deductible or coinsurance due from the insured based on the rates agreed upon with a provider.

2. Must require that the deductible and payment for coinsurance paid by the insured to a preferred provider of health care be applied to the negotiated reduced rates of that provider.

3. Must provide that if there is a particular service which a preferred provider of health care does not provide and the provider of health care who is treating the insured requests the service and the insurer determines that the use of the service is necessary for the health of the insured, the service shall be deemed to be provided by the preferred provider of health care.

4. Must require the insurer to process a claim of a provider of health care who is not preferred not later than 30 working days after the date on which proof of the claim is received.
Nev. Rev. Stat. § 696B.480 — NV Code / Title 57 / Chapter 696B / Section 696B.480
Assessment: Order and levy
Status: in_force

1. Upon the filing and reading of the report and petition provided for in NRS 696B.470 , the court, ex parte, may order the Commissioner to assess all members or subscribers of the insurer who may be subject to such an assessment, in such an aggregate amount as the court finds reasonably necessary to pay all such valid claims as may be timely filed and proved in the delinquency proceedings, together with the costs and expenses of levying and collecting assessments and the costs and expenses of the delinquency proceedings in full. Any such order shall require the Commissioner to assess each such member or subscriber for his or her proportion of the aggregate assessment, according to such reasonable classification of such members or subscribers and formula as may be made by the Commissioner and approved by the court.

2. The court may order additional assessments upon the filing and reading of any amendment or supplement to the report and petition referred to in subsection 1, if such amendment or supplement is filed within 3 years after the date of the entry of the order of rehabilitation or liquidation.

3. After the entry of the order to levy and assess members or subscribers of an insurer referred to in subsection 1 or 2, the Commissioner shall levy and assess members or subscribers in accordance with the order.

4. The total of all assessments against any member or subscriber with respect to any policy, whether levied pursuant to this chapter or pursuant to any other provision of this Code, shall be for no greater amount than that specified in the policy or policies of the member or subscriber and as limited under this Code, except as to any policy which was issued at a rate of premium below the minimum rate lawfully permitted for the risk insured, in which event the assessment against any such policyholder shall be upon the basis of the minimum rate for such risk.

5. No assessment shall be levied against any member or subscriber with respect to any nonassessable policy issued in accordance with this Code.
Nev. Rev. Stat. § 681A.160 — NV Code / Title 57 / Chapter 681A / Section 681A.160
Reinsurance ceded to assuming accredited reinsurer in Nevada; suspension or revocation of accreditation or certification of reinsurer
Status: in_force

1. Except as otherwise provided in subsection 2, credit must be allowed if reinsurance is ceded to an assuming insurer which is accredited as a reinsurer in this state. An accredited reinsurer is one which satisfies all of the following conditions: (a) Files with the Commissioner a properly executed Form AR-1, provided on the Internet website of the Division, as evidence of its submission to this state's jurisdiction. (b) Submits to this state's authority to examine its books and records. (c) Files with the Commissioner a certified copy of a certificate of authority or other evidence approved by the Commissioner indicating that it is licensed to transact insurance or reinsurance in at least one state, or in the case of a branch in the United States of an alien assuming insurer is entered through and licensed to transact insurance or reinsurance in at least one state. (d) Files annually with the Commissioner a copy of its annual statement filed with the Division of its state of domicile or entry and a copy of its most recent audited financial statement. (e) Demonstrates to the satisfaction of the Commissioner that it has adequate financial capacity to meet its reinsurance obligations and is otherwise qualified to assume reinsurance from domestic insurers. An assuming insurer is deemed to meet this requirement as of the time of its application if it maintains a surplus as regards policyholders in an amount which is: (1) Not less than $20,000,000 and whose accreditation has not been denied by the Commissioner within 90 days after its submission; or (2) Less than $20,000,000 and whose accreditation has been approved by the Commissioner. (f) Pays all applicable fees, including, without limitation, all applicable fees required pursuant to NRS 680C.110 .

2. If an accredited or certified reinsurer ceases to meet the requirements for accreditation or certification, the Commissioner may suspend or revoke the reinsurer's accreditation or certification. Before suspending or revoking the reinsurer's accreditation or certification, the Commissioner must give the reinsurer notice and opportunity for a hearing.

3. The suspension or revocation of an accreditation or certification may not take effect until after the Commissioner's order on hearing unless: (a) The reinsurer waives its right to a hearing; (b) The Commissioner's order is based upon regulatory action taken by the reinsurer's domiciliary jurisdiction or the voluntary surrender or termination of the reinsurer's eligibility to transact insurance or reinsurance business in its domiciliary jurisdiction or in the primary certifying state of the reinsurer; or (c) The Commissioner finds that an emergency requires immediate action and a court of competent jurisdiction has not stayed the Commissioner's action.

4. During the period in which a reinsurer's accreditation or certification is suspended, no reinsurance contract issued or renewed after the effective date of the suspension qualifies for credit except to the extent that the reinsurer's obligations under the contract are secured pursuant to NRS 681A.240 . If the reinsurer's accreditation or certification is revoked, no credit for reinsurance may be granted after the effective date of the revocation except to the extent that the reinsurer's obligations under the contract are secured pursuant to NRS 681A.240 .
Nev. Rev. Stat. § 695C.187 — NV Code / Title 57 / Chapter 695C / Section 695C.187
Schedule for payment of claims: Mandatory inclusion in arrangements for provision of health care
Status: in_force

1. A health maintenance organization shall not: (a) Enter into any contract or agreement, or make any other arrangements, with a provider for the provision of health care; or (b) Employ a provider pursuant to a contract, an agreement or any other arrangement to provide health care, unless the contract, agreement or other arrangement specifically provides that the health maintenance organization and provider agree to the schedule for the payment of claims set forth in NRS 695C.185 .

2. Any contract, agreement or other arrangement between a health maintenance organization and a provider that is entered into or renewed on or after October 1, 2001, that does not specifically include a provision concerning the schedule for the payment of claims as required by subsection 1 shall be deemed to conform with the requirements of subsection 1 by operation of law.
Nev. Rev. Stat. § 696A.190 — NV Code / Title 57 / Chapter 696A / Section 696A.190
Information for members; service contract
Status: in_force

1. Every motor club shall furnish to its members a service contract or a membership card and the following information: (a) The exact name of the motor club; (b) The exact location of the motor club's home office, and of its usual place of business in this state, giving street, number and city; and (c) A description of the services or benefits to which the member is entitled.

2. A completed application for membership and the description of services shall constitute the service contract.
Nev. Rev. Stat. § 686C.310 — NV Code / Title 57 / Chapter 686C / Section 686C.310
Provision of information and advice by Board of Directors relating to financial condition of insurers
Status: in_force

1. The Board of Directors may, upon majority vote, notify the Commissioner of any information indicating any member insurer may be impaired or insolvent.

2. The Board may, upon majority vote, make reports and recommendations to the Commissioner upon any matter germane to the solvency, liquidation, rehabilitation or conservation of any member insurer or germane to the solvency of any person seeking admission to transact insurance or operate a health maintenance organization in this state. These reports and recommendations are not open to public inspection.

3. The Commissioner may seek the advice and recommendations of the Board concerning any matter affecting the duties and responsibilities of the Commissioner regarding the financial condition of member insurers and of persons seeking admission to transact insurance or operate a health maintenance organization in this state.

4. The Board may, upon majority vote, make recommendations to the Commissioner for the detection and prevention of the insolvency of member insurers.
Nev. Rev. Stat. § 679A.010 — NV Code / Title 57 / Chapter 679A / Section 679A.010
Short title
Status: in_force

This title shall be known and may be cited as the Nevada Insurance Code.
Nev. Rev. Stat. § 694C.180 — NV Code / Title 57 / Chapter 694C / Section 694C.180
Formation of captive insurer
Status: in_force

1. Unless otherwise approved by the Commissioner, a pure captive insurer, an agency captive insurer, a rental captive insurer or a sponsored captive insurer must be incorporated as a stock insurer.

2. An association captive insurer or a state-chartered risk retention group must be formed as a: (a) Stock insurer; (b) Mutual insurer; or (c) Reciprocal insurer, except that its attorney-in-fact must be a corporation incorporated in this State.

3. A captive insurer shall have not less than three incorporators or organizers, at least one of whom must be a resident of this State.

4. Before the articles of incorporation of a captive insurer may be filed with the Secretary of State, the Commissioner must approve the articles of incorporation. In determining whether to grant that approval, the Commissioner shall consider: (a) The character, reputation, financial standing and purposes of the incorporators or organizers; (b) The character, reputation, financial responsibility, experience relating to insurance and business qualifications of the officers and directors of the captive insurer; (c) The competence of any person who, pursuant to a contract with the captive insurer, will manage the affairs of the captive insurer; (d) The competence, reputation and experience of the legal counsel of the captive insurer relating to the regulation of insurance; (e) If the captive insurer is a rental captive insurer, the competence, reputation and experience of the underwriter of the captive insurer; (f) The business plan of the captive insurer; and (g) Such other aspects of the captive insurer as the Commissioner deems advisable.

5. The capital stock of a captive insurer incorporated as a stock insurer must be issued at not less than par value.

6. At least one member of the board of directors of a captive insurer formed as a corporation, or one member of the subscribers advisory committee or the attorney-in-fact of a captive insurer formed as a reciprocal insurer, must be a resident of this State.

7. A captive insurer formed pursuant to the provisions of this chapter has the privileges of, and is subject to, the provisions of general corporation law set forth in chapter 78 of NRS and, if formed as a nonprofit corporation, the provisions set forth in chapter 82 of NRS, as well as the applicable provisions contained in this chapter. If the provisions of this chapter conflict with the general provisions in chapter 78 or 82 of NRS governing corporations, the provisions of this chapter control. The provisions of chapter 693A of NRS relating to mergers, consolidations, conversions, mutualizations and transfers of domicile to this State apply to determine the procedures to be followed by captive insurers in carrying out any of those transactions in accordance with this chapter.

8. The articles of association, articles of incorporation, charter or bylaws of a captive insurer formed as a corporation must require that a quorum of the board of directors consists of not less than one-third of the number of directors prescribed by the articles of association, articles of incorporation, charter or bylaws.

9. The agreement of the subscribers or other organizing document of a captive insurer formed as a reciprocal insurer must require that a quorum of its subscribers advisory committee consists of not less than one-third of the number of its members.
Nev. Rev. Stat. § 694B.230 — NV Code / Title 57 / Chapter 694B / Section 694B.230
Nonassessable policies
Status: in_force

1. If a reciprocal insurer has a surplus of assets over all liabilities at least equal to the minimum capital stock and surplus required to be maintained by a domestic stock insurer authorized to transact like kinds of insurance, upon application of the attorney and as approved by the subscribers' advisory committee the Commissioner shall issue a certificate authorizing the insurer to extinguish the contingent liability of subscribers under its policies then in force in this state, and to omit provisions imposing contingent liability in all policies delivered or issued for delivery in this state for so long as all such surplus remains unimpaired.

2. Upon impairment of such surplus, the Commissioner shall forthwith revoke the certificate. Such revocation shall not render subject to contingent liability any policy then in force and for the remainder of the period for which the premium has theretofore been paid; but after such revocation no policy shall be issued or renewed without providing for contingent assessment liability of the subscriber.

3. The Commissioner shall not authorize a domestic reciprocal insurer so to extinguish the contingent liability of any of its subscribers or in any of its policies to be issued, unless it qualifies to and does extinguish such liability of all its subscribers and in all such policies for all kinds of insurance transacted by it; but if required by the laws of another state in which the insurer is transacting insurance as an authorized insurer, the insurer may issue policies providing for the contingent liability of such of its subscribers as may acquire such policies in such state, and need not extinguish the contingent liability applicable to policies theretofore in force in such state.
Nev. Rev. Stat. § 695F.090 — NV Code / Title 57 / Chapter 695F / Section 695F.090
Applicability of chapter and other provisions
Status: in_force

1. Prepaid limited health service organizations are subject to the provisions of this chapter and to the following provisions, to the extent reasonably applicable: (a) NRS 686B.010 to 686B.175 , inclusive, concerning rates and essential insurance. (b) NRS 687B.310 to 687B.420 , inclusive, concerning cancellation and nonrenewal of policies. (c) NRS 687B.122 to 687B.128 , inclusive, concerning readability of policies. (d) The requirements of NRS 679B.152 . (e) The fees imposed pursuant to NRS 449.465 . (f) NRS 686A.010 to 686A.310 , inclusive, concerning trade practices and frauds. (g) The assessment imposed pursuant to NRS 679B.700 . (h) Chapter 683A of NRS . (i) To the extent applicable, the provisions of NRS 689B.340 to 689B.580 , inclusive, and chapter 689C of NRS relating to the portability and availability of health insurance. (j) NRS 689A.035 , 689A.0463 , 689A.410 , 689A.413 and 689A.415 . (k) NRS 680B.025 to 680B.060 , inclusive, concerning premium tax, premium tax rate, annual report and estimated quarterly tax payments. For the purposes of this paragraph, unless the context otherwise requires that a section apply only to insurers, any reference in those sections to “insurer” must be replaced by a reference to “prepaid limited health service organization.” (l) Chapter 692C of NRS , concerning holding companies. (m) NRS 689A.637 , concerning health centers. (n) Chapter 681B of NRS , concerning assets and liabilities. (o) NRS 682A.400 to 682A.468 , inclusive, concerning investments.

2. For the purposes of this section and the provisions set forth in subsection 1, a prepaid limited health service organization is included in the meaning of the term “insurer.”
Nev. Rev. Stat. § 696B.380 — NV Code / Title 57 / Chapter 696B / Section 696B.380
Borrowing on pledge of assets
Status: in_force

1. For the purpose of facilitating the rehabilitation, liquidation, conservation or dissolution of an insurer pursuant to NRS 696B.010 to 696B.565 , inclusive, the Commissioner may, subject to the approval of the court, borrow money and execute, acknowledge and deliver notes or other evidences of indebtedness therefor and secure the repayment of the same by the mortgage, pledge, assignment, transfer in trust or hypothecation of any or all of the property, whether real, personal or mixed, of such insurer, and the Commissioner, subject to the approval of the court, shall have power to take any and all other action necessary and proper to consummate any such loan and to provide for the repayment thereof.

2. The Commissioner shall be under no obligation personally or in his or her official capacity to repay any loan made pursuant to this section.
Nev. Rev. Stat. § 689C.500 — NV Code / Title 57 / Chapter 689C / Section 689C.500
Registration: Requirements; application
Status: in_force

1. An organization seeking to be registered as a voluntary purchasing group: (a) Must be incorporated as a Nevada corporation not for profit for the purpose of securing health benefits for its members and their eligible employees and dependents; (b) Shall file articles of incorporation with the Secretary of State and provide a copy of the articles to the Commissioner in such a form as the Commissioner may require; and (c) Must apply to the Commissioner for and obtain a certificate of registration to operate as a voluntary purchasing group.

2. The contents of the application must be established by the Commissioner and include at least: (a) The name of the voluntary purchasing group and any agent for service of process; (b) Provisions to govern the business and affairs of the group, including the management and organizational structure; (c) An affidavit by an officer of the organization that the group is in compliance with the requirements of NRS 689C.490 to 689C.600 , inclusive; and (d) The names of managing personnel of the voluntary purchasing group.