Nev. Rev. Stat. § 689B.0265 — NV Code / Title 57 / Chapter 689B / Section 689B.0265
Policy to guaranteed association
Status: in_force

1. An insurer may offer a policy of group health insurance to a guaranteed association if the policy provides coverage for 200 or more members, employees of members or employees of the guaranteed association or their dependents.

2. When an insurer offers coverage to a guaranteed association pursuant to subsection 1, the insurer shall offer coverage to all members, employees of members and employees of the guaranteed association and all dependents thereof without regard to the actual or expected health status of any such member or employee or dependent thereof. The provisions of this subsection apply only for the purpose of requiring coverage to be offered to all such members, employees and dependents.

3. An insurer offering coverage to a guaranteed association pursuant to subsection 1 shall establish rates for premiums as follows: (a) For the initial 12-month period of coverage, the insurer shall submit to the Commissioner the opinion of a qualified actuary that the rates charged by the guaranteed association for premiums are actuarially sound. The opinion must certify the accuracy of the rating methodology as established by the American Academy of Actuaries or a successor organization approved by the Commissioner. The Commissioner by regulation may further define or enlarge the scope of this opinion. (b) For any subsequent 12-month period of coverage, according to a rating methodology as established by the American Academy of Actuaries or a successor organization approved by the Commissioner.

4. Except as otherwise provided in subsection 5, a member, employee of a member or employee of a guaranteed association may apply for coverage offered pursuant to subsection 1 only: (a) If, as applicable, the person has been an active member of the association or employed by a member or the guaranteed association for not less than 30 days; (b) During an annual open enrollment period offered by the guaranteed association; and (c) After meeting any additional eligibility requirements agreed upon by the guaranteed association and the insurer.

5. If a member, employee of a member or employee of a guaranteed association or a dependent thereof terminates coverage offered pursuant to subsection 1, the member, employee or dependent must be excluded from such coverage until the beginning of the next annual enrollment period. During the next annual enrollment period or any annual enrollment period thereafter, such a member or employee may enroll for coverage of the member or employee or dependent thereof pursuant to subsection 4.

6. The provisions of this section do not apply to or affect the status of a person, including, without limitation, whether the person is an employee, self-employed or an independent contractor, for the purposes of industrial insurance or any other law relating to labor or employment.

7. As used in this section: (a) “ Guaranteed association ” means an association which: (1) Has a constitution and bylaws; (2) Is determined by the Commissioner to be a bona fide association which was organized and is maintained in good faith for purposes other than that of obtaining insurance; and (3) Has been in existence for at least 5 years. (b) “ Qualified actuary ” means a member in good standing of the American Academy of Actuaries, or a successor organization approved by the Commissioner.
Nev. Rev. Stat. § 680A.110 — NV Code / Title 57 / Chapter 680A / Section 680A.110
Combinations of insuring powers
Status: in_force

An insurer which otherwise qualifies therefor may be authorized to transact any one kind or any combination of kinds of insurance as defined in NRS 681A.010 to 681A.080 , inclusive (kinds of insurance), except:

1. A life insurer may grant annuities and may be authorized to transact in addition only health insurance; but the Commissioner may, if the insurer otherwise qualifies therefor, continue so to authorize any life insurer which immediately prior to January 1, 1972, was lawfully authorized to transact in this state a kind or kinds of insurance in addition to life and health insurances and annuity business.

2. A reciprocal insurer shall not transact life insurance.
Nev. Rev. Stat. § 681A.560 — NV Code / Title 57 / Chapter 681A / Section 681A.560
Examination of intermediary by Commissioner
Status: in_force

1. An intermediary is subject to examination by the Commissioner. The intermediary shall allow the Commissioner to have access to all of the books, bank accounts and records of the intermediary in a form usable to the Commissioner.

2. A manager for reinsurance may be examined as if he or she were the reinsurer.
Nev. Rev. Stat. § 695B.040 — NV Code / Title 57 / Chapter 695B / Section 695B.040
Corporations authorized to undertake and operate plans
Status: in_force

Any corporation which is organized under the laws of the State of Nevada, or the laws of any other state, without capital stock, for the purpose of maintaining and operating a hospital, medical or dental service plan, and which does not contemplate pecuniary gain or profit to its members, may undertake and operate a hospital, medical or dental service plan for rendering hospital, medical or dental service to its subscribers under and subject to the provisions of this chapter.
Nev. Rev. Stat. § 689C.078 — NV Code / Title 57 / Chapter 689C / Section 689C.078
“Open enrollment” defined
Status: in_force

“ Open enrollment ” means the period designated for enrollment in a health benefit plan.
Nev. Rev. Stat. § 690D.210 — NV Code / Title 57 / Chapter 690D / Section 690D.210
Required records; length of retention; manner of storage
Status: in_force

1. A creditor or the designee of a creditor shall maintain records of the transactions governed by this chapter. The records must include, without limitation: (a) A copy of each type of guaranteed asset protection waiver that the creditor sells or offers for sale; (b) The name and address of each borrower who possesses a guaranteed asset protection waiver under which the creditor has a duty to perform, to the extent that the creditor knows the name and address of each borrower; and (c) The date and a description of each claim made by a borrower under a guaranteed asset protection waiver.

2. A creditor or the designee of a creditor shall retain all records relating to a guaranteed asset protection waiver for at least 1 year after the contract has expired.

3. The records required to be maintained pursuant to this section may be stored on a computer disc or other storage device for a computer from which the records may be readily printed.
Nev. Rev. Stat. § 697.290 — NV Code / Title 57 / Chapter 697 / Section 697.290
Bail agent: Retention period for records; examination of records by Commissioner
Status: in_force

Every bail agent must maintain in his or her office such records of bail bonds, and such additional information as the Commissioner may reasonably require, executed or countersigned by the bail agent to enable the public to obtain all necessary information concerning the bail bonds for at least 3 years after the liability of the surety has been terminated. The records must be open to examination by the Commissioner or representatives of the Commissioner at all times, and the Commissioner at any time may require the licensee to furnish to the Commissioner, in such manner or form as the Commissioner requires, any information kept or required to be kept in the records.
Nev. Rev. Stat. § 695G.1712 — NV Code / Title 57 / Chapter 695G / Section 695G.1712
Required provision concerning coverage for screening, genetic counseling and testing related to BRCA gene in certain circumstances
Status: in_force

1. A managed care organization that issues a health care plan 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 managed care organization 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 managed care organization.

3. A health care plan 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 health care plan offered by a managed care organization 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 managed care organization. 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. § 682B.090 — NV Code / Title 57 / Chapter 682B / Section 682B.090
Rights of insurer during solvency
Status: in_force

So long as the insurer remains solvent and is in compliance with this Code it may:

1. Demand, receive, sue for and recover the income from the assets deposited;

2. Exchange and substitute assets of equivalent or greater fair market value for the deposited assets; and

3. At any reasonable time inspect any such deposit.
Nev. Rev. Stat. § 680B.020 — NV Code / Title 57 / Chapter 680B / Section 680B.020
State license exclusive; exception
Status: repealed

1. Notwithstanding the provisions of any general or special law, the possession of a license or certificate of authority issued under this Code shall be authorization to transact such business as indicated in such license or certificate of authority, and shall be in lieu of all licenses, whether for regulation or revenue, required to transact insurance business within the State of Nevada; but each city, town or county may require a license for revenue purposes only for any insurance analyst, adjuster or managing general agent or producer of insurance whose principal place of business is located within such city or town, or within the county outside the cities and towns of the county, respectively.

2. This section shall not be modified or repealed by any law of general application enacted after January 1, 1972, unless expressly referred to or expressly repealed therein.
Nev. Rev. Stat. § 695B.189 — NV Code / Title 57 / Chapter 695B / Section 695B.189
Group contract: Required provision permitting continuation of coverage
Status: in_force

A group contract issued by a corporation under the provisions of this chapter must contain a provision which permits the continuation of coverage pursuant to the provisions of NRS 689B.340 to 689B.580 , inclusive, and chapter 689C of NRS relating to the portability and availability of health insurance.
Nev. Rev. Stat. § 695B.140 — NV Code / Title 57 / Chapter 695B / Section 695B.140
Reserve fund: Minimum amounts; computation; contracts with hospitals; participation of physicians or dentists
Status: in_force

1. No corporation subject to the provisions of this chapter may establish, maintain or operate a hospital, medical or dental service plan unless it has and at all times maintains a reserve fund equal to the following minimum amounts in relation to the number of natural persons entitled to hospital, medical or dental services under contracts issued by the corporation: Amount of Number of Natural Persons Reserve Entitled to Benefits Fund 1 to 1,000, inclusive․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․$100,000 1,001 to 10,000, inclusive․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․500,000 10,000 or more․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․750,000 but such a reserve fund is not required of a corporation acting only as a fiscal administrator of programs funded by public agencies, authorized insurers and other authorized health service plans.

2. In computing the amount of a reserve fund, the Commissioner shall include the amounts agreed to be paid by contracting hospitals to the corporation or its equivalent value of hospital service to be rendered without charge by the contracting hospital to the hospital service corporation.

3. In addition to the reserve fund provided for in this chapter, the Commissioner shall require every corporation subject to this chapter to make, and to maintain in force, such contracts with enough hospitals in the State of Nevada to be adequate, in the opinion of the Commissioner, to provide care for all natural persons entitled to hospital benefits in the State of Nevada under contracts issued by such a corporation.

4. In addition, the Commissioner shall require medical or dental service corporations to give evidence of the participation of a sufficient number of physicians or dentists, in the judgment of the Commissioner, to render the medical or dental services specified under the contract.
Nev. Rev. Stat. § 682A.365 — NV Code / Title 57 / Chapter 682A / Section 682A.365
Adoption by board of written plan for investments
Status: in_force

An insurer's board of directors shall adopt a written plan for acquiring and holding investments and for engaging in investment practices that specifies guidelines as to the quality, maturity and diversification of investments and other specifications, including, without limitation, investment strategies intended to ensure that the investments and investment practices are appropriate for the business conducted by the insurer, its liquidity needs and its capital and surplus. The board of directors shall review and assess the insurer's technical investment and administrative capabilities and expertise before adopting a written plan concerning an investment strategy or practice.
Nev. Rev. Stat. § 689B.260 — NV Code / Title 57 / Chapter 689B / Section 689B.260
Group health or blanket health policy containing exclusion, reduction or limitation of coverage relating to complications of pregnancy prohibited; exception
Status: in_force

1. No group health or blanket health policy may be delivered or issued for delivery in this state if it contains any exclusion, reduction or other limitation of coverage relating to complications of pregnancy, unless the provision applies generally to all benefits payable under the policy.

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

3. A policy subject to the provisions of this chapter which is delivered or issued for delivery on or after July 1, 1977, has the legal effect of including the coverage required by this section, and any provision of the policy which is in conflict with this section is void.
Nev. Rev. Stat. § 692A.090 — NV Code / Title 57 / Chapter 692A / Section 692A.090
Regulations
Status: in_force

The Commissioner may adopt regulations for the administration of this chapter.
Nev. Rev. Stat. § 680A.090 — NV Code / Title 57 / Chapter 680A / Section 680A.090
Eligibility for certificate of authority: Ownership; management
Status: in_force

1. No foreign insurer which is directly or indirectly owned or controlled in whole or substantial part by any government or governmental agency shall be authorized to transact insurance in Nevada. Membership in a mutual insurer, or subscribership in a reciprocal insurer, or ownership of stock of an insurer by the Alien Property Custodian or similar officer of the United States of America, or ownership of stock or other security which does not have voting rights with respect to the management of the insurer, or supervision of an insurer by public authority, shall not be deemed to be an ownership or control of the insurer for the purposes of this subsection.

2. The Commissioner shall not grant or continue authority to transact insurance in this state to any insurer or proposed insurer: (a) Of which any director, officer or other individual materially part of the management is found by the Commissioner after investigation or upon reliable information to be incompetent, or dishonest, or untrustworthy, or of unfavorable business repute; (b) Of which the managers are so lacking in insurance company managerial experience in operations of the kind proposed in this state as to make such operation, currently or prospectively, hazardous to or contrary to the best interests of the insurance-buying or investing public of this state; (c) Which the Commissioner has good reason to believe is affiliated directly or indirectly through ownership, control, management, reinsurance transactions or other business relations with any person or persons of unfavorable business repute; or (d) Whose business operations are or have been marked, to the injury of insurers, stockholders, policyholders, creditors or the public, by illegality, or by manipulation of assets, or of accounts, or of reinsurance, or by bad faith.
Nev. Rev. Stat. § 682A.049 — NV Code / Title 57 / Chapter 682A / Section 682A.049
“Counterparty exposure amount” defined
Status: in_force

“ Counterparty exposure amount ” means the amount calculated pursuant to NRS 682A.265 .
Nev. Rev. Stat. § 691D.010 — NV Code / Title 57 / Chapter 691D / Section 691D.010
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 691D.020 to 691D.100 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 694C.150 — NV Code / Title 57 / Chapter 694C / Section 694C.150
“Stock insurer” defined
Status: in_force

“Stock insurer” has the meaning ascribed to it in NRS 680A.050 .
Nev. Rev. Stat. § 688C.250 — NV Code / Title 57 / Chapter 688C / Section 688C.250
Disclosures required to be furnished by provider or broker of viatical settlements to viator upon or before execution of application for settlement
Status: in_force

1. With each application for a viatical settlement, a provider or broker of viatical settlements shall furnish to the viator at least the following disclosures, in at least 12-point type, no later than the time the application for the settlement is signed by all the parties, in a separate document signed by the viator and the provider or broker: (a) A broker of viatical settlements represents the viator exclusively, and not the insurer or the provider of viatical settlements, and owes a fiduciary duty to the viator, including a duty to act according to the instructions of the viator and in the best interest of the viator. (b) The possible alternatives to viatical settlement, including any accelerated death benefits or policy loans offered under the viator's life insurance policy. (c) Some or all of the proceeds of the viatical settlement may be taxable under the federal income tax or a state franchise or income tax, and assistance should be sought from a professional tax adviser. (d) Proceeds of the viatical settlement may be subject to the claims of creditors. (e) Receipt of proceeds of a viatical settlement may adversely affect the viator's eligibility for Medicaid or other governmental benefits, and advice should be sought from the appropriate governmental agencies. (f) The viator has a right to rescind a viatical settlement within the rescission period, as provided in NRS 688C.300 , and if the insured dies during the rescission period, the settlement is deemed rescinded and all proceeds must be repaid to the provider within 60 days after the death of the insured. Rescission, if exercised by the viator, is effective only if the viator: (1) Gives notice of the rescission to the provider or broker of viatical settlements; and (2) Repays to the provider of viatical settlements all proceeds and any premiums, loans and loan interest paid on account of the viatical settlement or on behalf of the provider of viatical settlements, within the rescission period. (g) Money will be sent to the viator within 3 business days after the provider has received the insurer's or group administrator's written acknowledgment that ownership of or interest in the policy has been transferred and the beneficiary has been designated. (h) Entering into a viatical settlement may cause other rights, including conversion and waiver of premium, that may exist under the policy to be forfeited by the viator, and assistance should be sought from a financial adviser. (i) A brochure is provided which describes the process of viatical settlement, in the form prescribed by the National Association of Insurance Commissioners unless the Commissioner prescribes a different form. (j) The name and address of the person responsible for monitoring the condition of the insured, the frequency of monitoring, the means of determining date of death and the means and time by which the date of death will be transmitted to the purchaser.

2. The document in which the disclosures required by paragraphs (a) to (j), inclusive, of subsection 1 are made must also contain the following: All medical, financial and personal information solicited or obtained by a provider or broker of viatical settlements about an insured, including the insured’s identity and that of members of the insured’s family, a spouse or other relationship, may be disclosed as necessary to effect the viatical settlement between the viator and the provider. If you are asked to provide this information, you will be asked to consent to the disclosure. Failure to consent may affect your ability to viaticate your policy. The information may be furnished to someone who buys the policy or provides money for the purchase.
Nev. Rev. Stat. § 697.340 — NV Code / Title 57 / Chapter 697 / Section 697.340
Prohibited acts; persons who may not be bail agents, bail enforcement agents, general agents or bail solicitors
Status: in_force

1. A bail agent, general agent, bail enforcement agent or bail solicitor shall not: (a) Suggest or advise the employment of or name for employment any particular attorney to represent his or her principal. (b) Solicit business in or about any place where prisoners are confined or in or about any court. (c) Pay a fee or rebate or give or promise anything of value to any person in order to secure a settlement, compromise, remission or reduction of the amount of any undertaking or bail bond. (d) Pay a fee or rebate or give anything of value to an attorney in bail bond matters, except for legal services actually rendered. (e) Pay a fee or rebate or give or promise anything of value to the principal or anyone in his or her behalf. (f) Participate in the capacity of an attorney at a trial or hearing of a person on whose bond the bail agent, general agent or bail solicitor is surety, except for the purposes of surrendering the defendant, making motions to set aside orders of bail forfeitures and motions to exonerate bails and protecting his or her financial interest in such a bond. (g) Allow any person to participate in the functions of a bail enforcement agent unless the person is a licensed bail enforcement agent.

2. The following persons may not be bail agents, bail enforcement agents, general agents or bail solicitors and shall not, directly or indirectly, engage in any act that would require licensing as a bail agent, bail enforcement agent, general agent or bail solicitor or receive any benefits from the execution of any bail bond: (a) Jailers; (b) Police officers; (c) Justices of the peace; (d) Municipal judges; (e) Sheriffs, deputy sheriffs, constables and deputy constables; (f) Any person having the power to arrest or having anything to do with the control of federal, state, county or municipal prisoners; and (g) Trustees or prisoners incarcerated in any jail, prison or any other place used for the incarceration of persons.

3. A bail agent shall not sign or countersign in blank any bond, or give the power of attorney to, or otherwise authorize, anyone to countersign the name of the bail agent to bonds unless the person so authorized is a licensed bail agent directly employed by the bail agent giving the power of attorney.

4. A bail agent, bail enforcement agent, bail solicitor or general agent shall not advertise or hold himself or herself out to be a surety insurance company.
Nev. Rev. Stat. § 682A.219 — NV Code / Title 57 / Chapter 682A / Section 682A.219
“Unrestricted surplus” defined
Status: in_force

“ Unrestricted surplus ” means the amount by which total admitted assets exceed 125 percent of the insurer's required liabilities.
Nev. Rev. Stat. § 697.090 — NV Code / Title 57 / Chapter 697 / Section 697.090
License required to act as bail agent, general agent, bail enforcement agent or bail solicitor; administrative fine; general restrictions on licensing by Commissioner
Status: in_force

1. A person in this state shall not act in the capacity of a bail agent, bail enforcement agent or bail solicitor, or perform any of the functions, duties or powers prescribed for a bail agent, bail enforcement agent or bail solicitor under the provisions of this chapter, unless that person is qualified and licensed as provided in this chapter. The Commissioner may, after notice and opportunity to be heard, impose an administrative fine of not more than $1,000 for each act or violation of the provisions of this subsection.

2. A person, whether or not located in this state, shall not act as or hold himself or herself out to be a general agent unless qualified and licensed as such under the provisions of this chapter.

3. For the protection of the people of this state, the Commissioner shall not issue or renew, or permit to exist, any license except in compliance with this chapter. The Commissioner shall not issue or renew, or permit to exist, a license for any person found to be untrustworthy or incompetent, or who has not established to the satisfaction of the Commissioner that the person is qualified therefor in accordance with this chapter.
Nev. Rev. Stat. § 682A.424 — NV Code / Title 57 / Chapter 682A / Section 682A.424
Limitation on aggregate amount of investments held in personal property under lease
Status: in_force

An insurer shall not acquire an investment in accordance with the provisions of NRS 682A.420 to 682A.428 , inclusive, if, as a result of and after giving effect to the investment, the aggregate amount of all investments held by the insurer in accordance with the provisions of NRS 682A.420 to 682A.428 , inclusive, would exceed:

1. Two percent of its admitted assets; or

2. One half of one percent of its admitted assets as to any single item of tangible personal property.
Nev. Rev. Stat. § 695E.125 — NV Code / Title 57 / Chapter 695E / Section 695E.125
Notification of change in information provided to Commissioner
Status: in_force

A purchasing group shall notify the Commissioner of any change in any of the information required pursuant to subsection 1 of NRS 695E.120 , within 10 days after the information ceases to be accurate.
Nev. Rev. Stat. § 680A.095 — NV Code / Title 57 / Chapter 680A / Section 680A.095
Certificate of authority: Required to transact reinsurance; eligibility; exceptions
Status: in_force

1. Except as otherwise provided in subsection 3, an insurer which is not authorized to transact insurance in this State may not transact reinsurance with a domestic insurer in this State, by mail or otherwise, unless the insurer holds a certificate of authority as a reinsurer in accordance with the provisions of NRS 680A.010 to 680A.150 , inclusive, 680A.160 to 680A.280 , inclusive, 680A.320 and 680A.330 .

2. To qualify for authority only to transact reinsurance, an insurer must meet the same requirements for capital and surplus as are imposed on an insurer which is authorized to transact insurance in this State.

3. This section does not apply to the joint reinsurance of title insurance risks or to reciprocal insurance authorized pursuant to chapter 694B of NRS .
Nev. Rev. Stat. § 695D.180 — NV Code / Title 57 / Chapter 695D / Section 695D.180
Requirements concerning bond
Status: in_force

An organization for dental care or its officers under this chapter shall file a bond with the Commissioner. The bond must comply with NRS 679B.175 .
Nev. Rev. Stat. § 679B.135 — NV Code / Title 57 / Chapter 679B / Section 679B.135
Regulations: Protections to purchasers, prospective purchasers, holders and former holders of policies
Status: in_force

The Commissioner may adopt regulations which provide in substance the same protections to purchasers, prospective purchasers, holders and former holders of policies and other evidence of insurance as are provided in the Insurance Information and Privacy Protection Model Act, as amended in December 1980, of the National Association of Insurance Commissioners.
Nev. Rev. Stat. § 690B.430 — NV Code / Title 57 / Chapter 690B / Section 690B.430
“Transportation services” defined
Status: in_force

“ Transportation services ” has the meaning ascribed to it in NRS 706A.060 .
Nev. Rev. Stat. § 697.130 — NV Code / Title 57 / Chapter 697 / Section 697.130
Forms for licensing and appointments
Status: in_force

The Commissioner shall prescribe and furnish all forms in connection with licensing and appointments required under this chapter.
Nev. Rev. Stat. § 694B.010 — NV Code / Title 57 / Chapter 694B / Section 694B.010
“Reciprocal” insurance defined
Status: in_force

As used in this Code, “ reciprocal ” insurance is that resulting from an interchange among persons, known as “subscribers,” of reciprocal agreements of indemnity, the interchange being effectuated through an attorney-in-fact common to all such persons.
Nev. Rev. Stat. § 685A.033 — NV Code / Title 57 / Chapter 685A / Section 685A.033
“Export” defined
Status: in_force

“ Export ” means to place insurance in an unauthorized insurer under this chapter.
Nev. Rev. Stat. § 680A.177 — NV Code / Title 57 / Chapter 680A / Section 680A.177
Transfer of insurer's domicile: Duties of insurer; effect on policies
Status: in_force

1. The Commissioner may require a domestic insurer which converts to a foreign insurer or a foreign insurer which converts to a domestic insurer to: (a) Obtain new licenses for its agents; (b) Make new appointments of agents; or (c) Apply for any other new license, certificate or authorization. Any license, appointment or authorization which the Commissioner does not require an insurer to renew continues in effect after the conversion.

2. All policies of an insurer remain in effect when it transfers its domicile into or out of this state. The Commissioner may require that the insurer endorse the policies with its new name or location.

3. Every insurer which transfers its domicile into or out of this state shall notify the Commissioner at least 30 days before the transfer. Such an insurer shall file new forms for its policies and any other documents required by the Commissioner with the Commissioner on or before the effective date of the transfer. The insurer may use existing forms if approved by and under the conditions imposed by the Commissioner.
Nev. Rev. Stat. § 690A.0205 — NV Code / Title 57 / Chapter 690A / Section 690A.0205
“Identifiable charge” defined
Status: in_force

“ Identifiable charge ” means a charge for consumer credit insurance that is made to debtors who have that insurance and not made to debtors who do not have that insurance. The term includes a charge for insurance that is disclosed in the credit agreement or other instrument furnished to the debtor which sets forth the financial elements of the credit transaction and any difference in the finance, interest, service or other similar charge made to debtors who are in similar circumstances except for the insured or noninsured status of the debtor or of the property used as security for the credit transaction.
Nev. Rev. Stat. § 695F.150 — NV Code / Title 57 / Chapter 695F / Section 695F.150
Evidence of coverage: Issuance; contents; amendment
Status: in_force

1. A prepaid limited health service organization shall issue evidence of coverage to each subscriber. Each evidence of coverage must contain a clear and complete statement of: (a) The limited health service which the enrollee is entitled to receive; (b) Any limitation of that service, type of service or benefits to be provided, and exclusions, including any deductible, copayment or other charges; (c) Where and in what manner information is available concerning the location of and manner in which the limited health service may be obtained; and (d) The method established for the resolution of complaints submitted by enrollees concerning the provision of the limited health service.

2. A prepaid limited health service organization may provide to a subscriber any amendment to the evidence of coverage in a separate document.
Nev. Rev. Stat. § 684A.024 — NV Code / Title 57 / Chapter 684A / Section 684A.024
“Business entity” defined
Status: in_force

“ Business entity ” means a corporation, association, partnership, limited-liability company, limited-liability partnership or other legal entity.
Nev. Rev. Stat. § 692B.170 — NV Code / Title 57 / Chapter 692B / Section 692B.170
Deposit of money in escrow
Status: in_force

1. The holder of the solicitation permit shall promptly deposit all money except as provided in paragraph (a) of subsection 2, received from an offering of securities in this state pursuant to the permit, other than advance premiums for insurance which are subject to NRS 692B.230 , in escrow in a bank, credit union or trust company located in this state and under an agreement consistent with this chapter filed with and approved by the Commissioner.

2. No part of the money may be withdrawn from the deposit, except: (a) For payment of organization, sales and promotion expenses as earned and as authorized by the permit, and money for such purposes, up to the applicable expense limit on money as received, may be withheld from the deposit; (b) For the purpose of making any deposit with the Commissioner required for the issuance of a certificate of authority to an insurer, or if the organization is not, or is not to be, an insurer, upon completion of payments on securities subscriptions made under the permit and deposit or appropriation of such money to the purposes specified in the permit; or (c) For the making of refunds as provided in NRS 692B.240 .

3. Money while so held in escrow may be invested in certificates of deposit or savings accounts. Interest accruing thereon becomes part of the money released as provided in paragraph (b) of subsection 2, or must be applied toward the cost of making refunds under paragraph (c) of subsection 2, or to supplement the bond or deposit in lieu thereof if the bond or deposit is called on pursuant to NRS 692B.150 .

4. When the Commissioner has issued a certificate of authority to a proposed insurer the Commissioner shall release to the insurer any money remaining in escrow for its account.

5. The Commissioner may in the discretion of the Commissioner waive compliance with this section as to money to be received under a subsequent financing permit pursuant to NRS 692B.260 , or in other circumstances where the Commissioner deems such an escrow to be unnecessary for the protection of investors or the public.
Nev. Rev. Stat. § 691B.010 — NV Code / Title 57 / Chapter 691B / Section 691B.010
Applicability of other provisions
Status: in_force

All contracts of surety insurance covering subjects 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. § 695A.042 — NV Code / Title 57 / Chapter 695A / Section 695A.042
“Rules” defined
Status: in_force

“ Rules ” includes all rules, regulations and resolutions adopted by the supreme governing body or board of directors of a society and which generally apply to the members of the society.
Nev. Rev. Stat. § 682A.129 — NV Code / Title 57 / Chapter 682A / Section 682A.129
“Lower grade investment” defined
Status: in_force

“ Lower grade investment ” means a rated credit instrument that is rated 4, 5 or 6 by the SVO.
Nev. Rev. Stat. § 685B.110 — NV Code / Title 57 / Chapter 685B / Section 685B.110
Action by Commissioner; penalty
Status: in_force

1. If within 30 days following the giving of the notice provided for in NRS 685B.100 the insurer has not ceased such dissemination, and if the Commissioner has reason to believe that such insurer is soliciting, issuing or delivering contracts of insurance to residents of this State or collecting premiums on such contracts or performing any other transaction in connection with such insurance, and that a proceeding by the Commissioner in respect to such matters would be to the interest of the public, the Commissioner shall take action against such insurer under the provisions of NRS 686A.180 (trade practices act, service of process on unauthorized insurers).

2. If upon such hearing the Commissioner finds that the insurer has misrepresented as referred to in NRS 685B.100 , the Commissioner shall by order on such hearing require the insurer to cease and desist from such violation, and shall mail a copy of the order by registered or certified mail to the insurer at its principal place of business last of record with the Commissioner and to the insurance supervisory officer of the insurer's domiciliary state or province. Each violation thereafter of such desist order shall subject the insurer to a penalty of $2,000, to be recovered by a civil action brought against the insurer by the Commissioner. Service of process upon the insurer in such action may be made upon the Commissioner pursuant to NRS 685B.050 or 686A.180 or in any other lawful manner.
Nev. Rev. Stat. § 681A.217 — NV Code / Title 57 / Chapter 681A / Section 681A.217
Conditions under which credit allowed when assuming insurer does not meet certain requirements
Status: in_force

If the assuming insurer does not meet the requirements of NRS 681A.110 , 681A.160 , 681A.170 and NRS 681A.211 to 681A.2165 , inclusive, credit permitted by NRS 681A.155 to 681A.1557 , inclusive, NRS 681A.180 or 681A.190 must not be allowed unless the assuming insurer has agreed to the following conditions set forth in the trust agreement:

1. Notwithstanding any provision to the contrary in the trust instrument, if the trust fund consists of an amount that is less than the amount required pursuant to NRS 681A.180 or 681A.190 , or if the grantor of the trust fund is declared to be insolvent or placed into receivership, rehabilitation, liquidation or a similar proceeding in accordance with the laws of the grantor's state or country of domicile, the trustee of the trust fund must comply with an order of the commissioner of insurance or other appropriate person with regulatory authority over the trust fund in that state or country or a court of competent jurisdiction requiring the trustee to transfer to that commissioner or person all the assets of the trust fund;

2. The assets of the trust fund must be distributed by and claims filed with and valued by the commissioner of insurance or other appropriate person with regulatory authority over the trust fund in accordance with the laws of the state in which the trust fund is domiciled that are applicable to the liquidation of domestic insurers in that state;

3. If the commissioner of insurance or other appropriate person with regulatory authority over the trust fund determines that the assets of the trust fund or any portion of the trust fund are not required to satisfy any claim of any ceding insurer of the grantor of the trust fund in the United States, the assets must be returned by that commissioner or person to the trustee of the trust fund for distribution in accordance with the trust agreement; and

4. The grantor of the trust must waive any right that: (a) Is otherwise available to the grantor under the laws of the United States; and (b) Is inconsistent with the provisions of this section.
Nev. Rev. Stat. § 688C.095 — NV Code / Title 57 / Chapter 688C / Section 688C.095
“Rescission period” defined
Status: in_force

“ Rescission period ” means the shorter period of 60 days after the date on which a viatical settlement is signed by all parties thereto or 30 days after the viator receives the proceeds from that viatical settlement.
Nev. Rev. Stat. § 683A.370 — NV Code / Title 57 / Chapter 683A / Section 683A.370
Use and licensing of vending machines to solicit for and issue personal travel accident insurance policies
Status: in_force

1. A licensed producer of insurance or insurer may solicit for and issue personal travel accident insurance policies by means of mechanical vending machines supervised by the producer and placed at airports and similar places of convenience to the traveling public, if the Commissioner finds that: (a) The policy provides reasonable coverage and benefits, is suitable for sale and issuance by vending machine, and that use of such a machine in a proposed location would be of material convenience to the public; (b) The type of machine proposed to be used is reasonably suitable for the purpose; (c) Reasonable means are provided for informing prospective purchasers of policy coverages and restrictions; (d) Reasonable means are provided for the refund of money inserted in defective machines and for which insurance so paid for is not received; and (e) The cost of maintaining such a machine at a particular location is reasonable in amount.

2. For each machine to be used, the Commissioner shall issue to the producer upon the producer’s application a special vending machine license. The license is subject to annual continuation, to expiration, suspension or revocation coincidentally with that of the producer. The Commissioner shall also revoke the license of any machine as to which the Commissioner finds that the license qualifications no longer exist. Proof of the existence of a subsisting license must be displayed on or about each machine in use in such manner as the Commissioner reasonably requires.
Nev. Rev. Stat. § 690A.0135 — NV Code / Title 57 / Chapter 690A / Section 690A.0135
“Credit accident and health insurance” defined
Status: in_force

“ Credit accident and health insurance ” means insurance on a debtor to provide indemnity for payments or debt becoming due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy.
Nev. Rev. Stat. § 691E.140 — NV Code / Title 57 / Chapter 691E / Section 691E.140
“Travel administrator” defined
Status: in_force

1. “ Travel administrator ” means a person who directly or indirectly underwrites, collects charges, collateral or premiums from or adjusts or settles claims of, residents of this State in connection with travel insurance.

2. The term does not include: (a) A person working for a travel administrator to the extent that the activities of the person are subject to the supervision and control of the travel administrator. (b) A licensed producer of insurance selling insurance or engaged in administrative activities and activities relating to claims that are within the scope of his or her license. (c) A travel retailer who is listed on the register maintained by a producer of limited lines travel insurance pursuant to NRS 691E.220 and who offers and disseminates travel insurance under the license of a producer of limited lines travel insurance in accordance with the provisions of this chapter. (d) A person adjusting or settling claims in the normal course of his or her practice or employment as an attorney who does not collect charges or premiums in connection with travel insurance coverage. (e) A person who is affiliated with a licensed insurer while acting as a travel administrator for the direct and assumed insurance business of the insurer.
Nev. Rev. Stat. § 685B.140 — NV Code / Title 57 / Chapter 685B / Section 685B.140
Submission to examination of Commissioner
Status: in_force

Any person who is unable to show, upon request by the Commissioner, that the person is subject to regulation by an agency of the Federal Government or, if the person is providing prepaid ambulance services, by a political subdivision of this State pursuant to an exclusive franchise, shall submit to an examination by the Commissioner to determine the organization and solvency of the person and to determine whether the person is in compliance with the applicable provisions of this Code.
Nev. Rev. Stat. § 681A.200 — NV Code / Title 57 / Chapter 681A / Section 681A.200
Requirements for establishment or amendment of certain trusts
Status: in_force

1. A trust for the purposes of NRS 681A.180 or 681A.190 , and any amendment to the trust, must be established or amended in a form approved by: (a) The Commissioner; and (b) The commissioner of insurance or other appropriate person of: (1) The state in which the trust is domiciled; or (2) Any other state that, pursuant to the trust instrument, accepts regulatory authority over the trust.

2. The form of the trust and any amendment to the trust must be filed with the commissioner of insurance or other appropriate person of each state in which the policyholders of the ceding insurer who are the beneficiaries of the trust are domiciled.

3. The trust instrument must provide that contested claims become valid, enforceable and payable from money held in the trust fund to the extent that the contested claims remain unsatisfied, within 30 days after the entry of the final order of any court of competent jurisdiction in the United States. The trust must vest legal title to its assets in the trustees of the trust for its policyholders and ceding insurers in the United States, their assigns and successors in interest. The trust and the assuming insurer are subject to examination as determined by the Commissioner. The trust must remain in effect for as long as the assuming insurer or any member or former member of the group of insurers has outstanding obligations due under the agreements for reinsurance subject to the trust.

4. Not later than February 28 of each year the trustees of the trust shall report to the Commissioner in writing setting forth the balance of the trust and listing the trust's investments at the end of the preceding year and shall certify the date of termination of the trust, if so planned, or certify that the trust will not expire before the next following December 31.
Nev. Rev. Stat. § 689C.1675 — NV Code / Title 57 / Chapter 689C / Section 689C.1675
Coverage for examination of person who is pregnant for certain diseases required
Status: in_force

1. A carrier that issues a health benefit plan shall provide coverage for the examination of a person who is pregnant for the discovery of: (a) Chlamydia trachomatis , gonorrhea, hepatitis B and hepatitis C in accordance with NRS 442.013 . (b) Syphilis in accordance with NRS 442.010 .

2. The coverage required by this section must be provided: (a) Regardless of whether the benefits are provided to the insured by a provider of health care, facility or medical laboratory that participates in the network plan of the carrier; and (b) Without prior authorization.

3. A health benefit plan subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after July 1, 2021, 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) “Medical laboratory” has the meaning ascribed to it in NRS 652.060 . (b) “Provider of health care” has the meaning ascribed to it in NRS 629.031 .
Nev. Rev. Stat. § 682A.564 — NV Code / Title 57 / Chapter 682A / Section 682A.564
Derivative transactions: Limitations on income generation transactions
Status: in_force

An insurer may only enter into the following types of income generation transactions if, as a result of and after giving effect to the transactions, the aggregate statement value of the fixed income assets that are subject to call plus the face value of fixed income securities underlying a derivative instrument subject to call, plus the amount of the purchase obligations under the puts, does not exceed 10 percent of its admitted assets:

1. Sales of covered call options on noncallable fixed income securities, callable fixed income securities if the option expires by its terms before the end of the noncallable period or derivative instruments based on fixed income securities;

2. Sales of covered call options on equity securities, if the insurer holds in its portfolio, or can immediately acquire through the exercise of options, warrants or conversion rights already owned, the equity securities subject to call during the complete term of the call option sold; or

3. Sales of covered puts on investments that the insurer is allowed to acquire pursuant to this chapter if the insurer has escrowed, or entered into a custodian agreement segregating, cash or cash equivalents with a market value equal to the amount of its purchase obligations under the put during the complete term of the put option sold.
Nev. Rev. Stat. § 695E.040 — NV Code / Title 57 / Chapter 695E / Section 695E.040
“Domicile” defined
Status: in_force

“Domicile” means:

1. For a corporation, the state in which it is incorporated; and

2. For any other person, the state of the person’s principal place of business.
Nev. Rev. Stat. § 686B.1751 — NV Code / Title 57 / Chapter 686B / Section 686B.1751
Definitions
Status: in_force

As used in NRS 686B.1751 to 686B.1799 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 686B.1752 to 686B.1762 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 691A.030 — NV Code / Title 57 / Chapter 691A / Section 691A.030
Loans secured by real property: Lender prohibited from requiring borrower to insure improvements to property for more than their replacement value
Status: in_force

1. A lender shall not require a borrower, as a condition of obtaining or maintaining a loan secured by real property, to provide property insurance on improvements to real property in an amount that exceeds the reasonable replacement value of the improvements.

2. As used in this section: (a) “ Borrower ” means a mortgagor, grantor of a deed of trust or other debtor. (b) “ Improvement to real property ” means a fixture, building or other structure attached to real property and intended as a permanent addition to the property. (c) “ Lender ” means a mortgagee, beneficiary of a deed of trust or other creditor who holds a mortgage, deed of trust or other instrument that encumbers real property as security for the repayment of a debt.
Nev. Rev. Stat. § 695B.165 — NV Code / Title 57 / Chapter 695B / Section 695B.165
Annual statement required to include report of net worth
Status: in_force

A corporation which has been issued a certificate of authority pursuant to this chapter shall maintain and report on its statement filed with the Commissioner pursuant to NRS 695B.160 a net worth in an amount which is not less than the greater of:

1. One million five hundred thousand dollars;

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

3. The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550 .
Nev. Rev. Stat. § 690C.045 — NV Code / Title 57 / Chapter 690C / Section 690C.045
“Controlling person” defined
Status: in_force

“ Controlling person ” means a person who qualifies as a controlling person of a provider pursuant to NRS 690C.155 .
Nev. Rev. Stat. § 686C.158 — NV Code / Title 57 / Chapter 686C / Section 686C.158
Payment of premiums; liability for unearned premiums
Status: in_force

Premiums due for coverage after entry of an order of liquidation of an insolvent insurer belong to and are payable at the direction of the Association, and the Association is liable for unearned premiums due to owners of policies or contracts arising after the entry of such an order.
Nev. Rev. Stat. § 695G.164 — NV Code / Title 57 / Chapter 695G / Section 695G.164
Required provision in certain plans concerning coverage for continued medical treatment; exceptions; regulations
Status: in_force

1. The provisions of this section apply to a health care plan offered or issued by a managed care organization if an insured covered by the health care plan receives health care through a defined set of providers of health care who are under contract with the managed care organization.

2. Except as otherwise provided in this section, if an insured who is covered by a health care plan described in subsection 1 is receiving medical treatment for a medical condition from a provider of health care whose contract with the managed care organization is terminated during the course of the medical treatment, the health care plan must provide that: (a) The insured may continue to obtain medical treatment for the medical condition from the provider of health care pursuant to this section, if: (1) The insured is actively undergoing a medically necessary course of treatment; and (2) The provider of health care and the insured agree that the continuity of care is desirable. (b) The provider of health care is entitled to receive reimbursement from the managed care organization for the medical treatment the provider of health care provides to the insured pursuant to this section, if the provider of health care agrees: (1) To provide medical treatment under the terms of the contract between the provider of health care and the managed care organization with regard to the insured, including, without limitation, the rates of payment for providing medical service, as those terms existed before the termination of the contract between the provider of health care and the managed care organization; and (2) Not to seek payment from the insured for any medical service provided by the provider of health care that the provider of health care could not have received from the insured were the provider of health care still under contract with the managed care organization.

3. The coverage required by subsection 2 must be provided until the later of: (a) The 120th day after the date the contract is terminated; or (b) If the medical condition is pregnancy, the 45th day after: (1) The date of delivery; or (2) If the pregnancy does not end in delivery, the date of the end of the pregnancy.

4. The requirements of this section do not apply to a provider of health care if: (a) The provider of health care was under contract with the managed care organization and the managed care organization terminated that contract because of the medical incompetence or professional misconduct of the provider of health care; and (b) The managed care organization did not enter into another contract with the provider of health care after the contract was terminated pursuant to paragraph (a).

5. An evidence of coverage for a health care plan subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after October 1, 2003, has the legal effect of including the coverage required by this section, and any provision of the evidence of coverage or renewal thereof that is in conflict with this section is void.

6. The Commissioner shall adopt regulations to carry out the provisions of this section.
Nev. Rev. Stat. § 686C.045 — NV Code / Title 57 / Chapter 686C / Section 686C.045
“Account” defined
Status: in_force

“ Account ” means one of the accounts maintained pursuant to NRS 686C.130 .
Nev. Rev. Stat. § 680A.265 — NV Code / Title 57 / Chapter 680A / Section 680A.265
Annual financial statement: Filing; reporting of violation of law found during audit; penalty for failure to file; consolidation of statements prohibited; exception; regulations
Status: in_force

1. Except as otherwise provided in subsection 5, every: (a) Domestic insurer; (b) Fraternal benefit society authorized to do business in this State pursuant to chapter 695A of NRS ; and (c) Corporation subject to the provisions of chapter 695B of NRS , shall file with the Commissioner, on or before June 1 of each year, a financial statement as of December 31 of the preceding calendar year that is certified by a certified public accountant who is not an employee of the insurer. The Commissioner may request a financial statement from a foreign or alien insurer.

2. If a certified public accountant finds any violation of the laws of this State during any audit he or she conducts pursuant to subsection 1, the certified public accountant shall, if the Commissioner has adopted regulations pursuant to subsection 6 pertaining to the reporting of a violation found during an audit, report the violation in accordance with those regulations.

3. An insurer who does not file a report pursuant to subsection 1 on or before June 1 of each year is subject to the penalty imposed pursuant to NRS 680A.280 .

4. A statement filed with the Commissioner must not be a consolidated report with any other subsidiary, affiliate or parent company.

5. The provisions of this section do not apply to a domestic insurer who: (a) Is not licensed or authorized to do business in any state other than Nevada; or (b) Is exempted from the requirements of this section by order of the Commissioner for good cause shown.

6. The Commissioner may adopt reasonable regulations relating to annual audited financial reports to administer the provisions of this section.
Nev. Rev. Stat. § 683A.184 — NV Code / Title 57 / Chapter 683A / Section 683A.184
Commissioner: Forms for application for initial licensure and renewal; fees for initial licensure and renewal; regulations
Status: in_force

1. The Commissioner shall: (a) Prescribe the forms for an owner to apply initially for a license and to renew a license; and (b) Adopt such regulations as are necessary to carry out the provisions of NRS 683A.181 to 683A.189 , inclusive.

2. The Commissioner may establish by regulation: (a) An initial application fee to be paid by an applicant for the initial issuance of a license; and (b) A renewal fee to be paid by a licensee for the renewal of the license.
Nev. Rev. Stat. § 695A.155 — NV Code / Title 57 / Chapter 695A / Section 695A.155
Certain accommodations required to be made by society when child is covered under policy of noncustodial parent
Status: in_force

If a child has coverage under a certificate for health benefits pursuant to which a noncustodial parent of the child is insured, the society issuing that certificate shall:

1. Provide to the custodial parent such information as necessary for the child to obtain any benefits under that coverage.

2. Allow the custodial parent or, with the approval of the custodial parent, a provider of health care to submit claims for covered services without the approval of the noncustodial parent.

3. Make payments on claims submitted pursuant to subsection 2 directly to the custodial parent, the provider of health care or an agency of this or another state responsible for the administration of Medicaid.
Nev. Rev. Stat. § 695G.040 — NV Code / Title 57 / Chapter 695G / Section 695G.040
“Managed care” defined
Status: in_force

“ Managed care ” means a system for delivering health care services that encourages the efficient use of health care services by using employed or independently contracted providers of health care and by using various techniques which may include, without limitation:

1. Managing the health care services of an insured who has a serious, complicated, protracted or other health-related condition that requires the use of numerous providers of health care or other costly services;

2. Providing utilization review;

3. Offering financial incentives for the effective use of health care services; or

4. Any combination of those techniques.
Nev. Rev. Stat. § 693A.220 — NV Code / Title 57 / Chapter 693A / Section 693A.220
Mutual insurers: Contingent liability of members
Status: in_force

1. Except as otherwise provided in NRS 693A.250 with respect to nonassessable policies, each member of a domestic mutual insurer shall have a contingent liability, pro rata and not one for another, for the discharge of its obligations incurred while such member was a policyholder of the insurer, which contingent liability shall be in such maximum amount, not less than one nor more than six times the premium for the member's policy at the annual premium rate, as shall be specified in the insurer's articles of incorporation.

2. Every policy issued by the insurer shall contain a statement of the contingent liability.

3. Termination of the policy of any such member shall not relieve the member of contingent liability for the member’s proportion of the obligations of the insurer which accrued while the policy was in force.

4. Unrealized contingent liability of members does not constitute an asset of the insurer in any determination of its financial condition.
Nev. Rev. Stat. § 686A.295 — NV Code / Title 57 / Chapter 686A / Section 686A.295
Commissioner and Attorney General required to notify agency when person licensed by or registered with agency is convicted of insurance fraud
Status: in_force

If a person who is licensed or registered under the laws of the State of Nevada to engage in a business or profession is convicted of, or pleads guilty or guilty but mentally ill to, engaging in an act of insurance fraud, the Commissioner and the Attorney General shall forward to each agency by which the convicted person is licensed or registered a copy of the conviction or plea and all supporting evidence of the act of insurance fraud.
Nev. Rev. Stat. § 688C.460 — NV Code / Title 57 / Chapter 688C / Section 688C.460
Provision to Commissioner of information regarding felonious acts
Status: in_force

1. A person engaged in the business of viatical settlements who knows or reasonably believes that a violation of NRS 688C.450 is being, has been or will be committed shall promptly report the facts and circumstances pertaining to the violation to the Commissioner.

2. Any other person who knows or reasonably believes that a violation of NRS 688C.450 is being, has been or will be committed may furnish to the Commissioner the information required by the Commissioner.
Nev. Rev. Stat. § 686B.17605 — NV Code / Title 57 / Chapter 686B / Section 686B.17605
“Prospective loss cost” defined
Status: in_force

“ Prospective loss cost ” means the portion of a rate that is based on historical aggregate losses and loss adjustment expenses which are adjusted to their ultimate value and projected to a future point in time. Except as otherwise provided in this section, the term does not include provisions for expenses or profit.
Nev. Rev. Stat. § 695E.020 — NV Code / Title 57 / Chapter 695E / Section 695E.020
Definitions
Status: in_force

As used in this chapter, the words and terms defined in NRS 695E.030 to 695E.110 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 679B.220 — NV Code / Title 57 / Chapter 679B / Section 679B.220
Interstate and international cooperation
Status: in_force

1. The Commissioner shall communicate on request of the regulatory officer for insurance in any state, province or country any information which it is the duty of the Commissioner by law to ascertain respecting authorized insurers.

2. The Commissioner may: (a) Be a member of the National Association of Insurance Commissioners or any successor organization; (b) Exchange with the association or any successor organization any information, not otherwise confidential, relating to applicants and licensees under this title; (c) Communicate with the association or any successor organization concerning the business of insurance generally; (d) Enter into compacts with the regulatory officers in other states to: (1) Further the uniform treatment of insurers throughout the United States; (2) Ensure market stability; or (3) Ensure essential insurance is made available to Nevada residents; and (e) Participate in and support other cooperative activities of public officers having supervision of the business of insurance.
Nev. Rev. Stat. § 684A.030 — NV Code / Title 57 / Chapter 684A / Section 684A.030
“Independent adjuster,” “public adjuster,” “company adjuster” and “staff adjuster” defined
Status: in_force

1. “ Independent adjuster ” means an adjuster who is representing the interests of an insurer or a self-insurer and who: (a) Contracts for compensation with the insurer or self-insurer as an independent contractor or an employee of an independent contractor; (b) Is treated for tax purposes by the insurer or self-insurer in a manner consistent with an independent contractor rather than an employee; and (c) Investigates, negotiates or settles property, casualty or surety claims, including, without limitation, workers' compensation claims, for the insurer or self-insurer.

2. “ Public adjuster ” means an adjuster employed by and representing solely the financial interests of the insured named in the policy. The term does not include an adjuster who investigates, negotiates or settles workers' compensation claims.

3. “ Company adjuster ” means a salaried employee of an insurer who: (a) Investigates, negotiates or settles property, casualty or surety claims, including, without limitation, workers' compensation claims; and (b) Obtains a license pursuant to this chapter.

4. “ Staff adjuster ” means a person who investigates, negotiates or settles workers' compensation claims under the authority of a third-party administrator who holds a certificate of registration issued by the Commissioner pursuant to NRS 683A.08524 .
Nev. Rev. Stat. § 686C.2245 — NV Code / Title 57 / Chapter 686C / Section 686C.2245
Assumption of reinsurance contracts: Transfer of contracts by Association
Status: in_force

When policies or contracts, or covered obligations with respect thereto, are transferred to an assuming insurer, reinsurance on the policies or contracts may also be transferred by the Association, in the case of policies or contracts assumed under NRS 686C.224 , subject to the following:

1. Unless the reinsurer and the assuming insurer agree otherwise, the reinsurance contract transferred must not cover any new policies or contracts in addition to those transferred.

2. The obligations described in NRS 686C.224 no longer apply with respect to matters arising after the effective date of the transfer.

3. Notice must be given in writing, return receipt requested, by the transferring party to the affected reinsurer not less than 30 days before the effective date of the transfer.
Nev. Rev. Stat. § 695G.024 — NV Code / Title 57 / Chapter 695G / Section 695G.024
“Health carrier” defined
Status: in_force

“ Health carrier ” means an entity subject to the insurance laws and regulations of this State, or subject to the jurisdiction of the Commissioner, that contracts or offers to contract to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services, including, without limitation, a sickness and accident health insurance company, a health maintenance organization, a nonprofit hospital and health service corporation or any other entity providing a plan of health insurance, health benefits or health care services.
Nev. Rev. Stat. § 688A.150 — NV Code / Title 57 / Chapter 688A / Section 688A.150
Beneficiary: Industrial policies
Status: in_force

1. An industrial life insurance policy shall have the name of the beneficiary designated thereon or in the application or other form if attached to the policy, with a reservation of the right to designate or change the beneficiary after the issuance of the policy, unless such beneficiary is irrevocably designated.

2. The policy may also provide that: (a) No designation or change of beneficiary shall be binding on the insurer until endorsed on the policy by the insurer, and that the insurer may refuse to endorse the name of any proposed beneficiary who does not appear to the insurer to have an insurable interest in the life of the insured. (b) If the beneficiary designated in the policy does not make a claim under the policy or does not surrender the policy with due proof of death within the period stated in the policy, which shall not be less than 30 days after the death of the insured, or if the beneficiary is the estate of the insured, or is a minor, or dies before the insured, or is not legally competent to give a valid release, then the insurer may make any payment thereunder to the executor or administrator of the insured, or to any relative of the insured by blood or legal adoption or connection by marriage, or to any person appearing to the insurer to be equitably entitled thereto by reason of having been named beneficiary, or by reason of having incurred expense for the maintenance, medical attention or burial of the insured.

3. The policy may also include a similar provision applicable to any other payment due under the policy.
Nev. Rev. Stat. § 688B.160 — NV Code / Title 57 / Chapter 688B / Section 688B.160
Notice as to right of conversion
Status: in_force

1. If any individual insured under a group life insurance policy delivered in this state after January 1, 1972, becomes entitled under the terms of such policy to have an individual policy of life insurance issued to the individual without evidence of insurability, subject to the making of an application and payment of the first premium within the period specified in such policy, and if such individual is not given notice of the existence of such right at least 15 days prior to the expiration date of such period, then the individual shall have an additional period within which to exercise such right; but nothing contained in this section shall be construed to continue any insurance beyond the period provided in such policy.

2. This additional period shall expire 15 days next after the individual is given such notice, but in no event shall such additional period extend beyond 60 days next after the expiration date of the period provided in such policy.

3. Written notice presented to the individual or mailed by the policyholder to the last known address of the individual or mailed by the insurer to the last known address of the individual as furnished by the policyholder shall constitute notice for the purpose of this section.
Nev. Rev. Stat. § 686C.2243 — NV Code / Title 57 / Chapter 686C / Section 686C.2243
Assumption of reinsurance contracts: Contracts not assumed by Association
Status: in_force

If the Association does not elect to assume a reinsurance contract by the election date under NRS 686C.224 , the Association has no rights or obligations, in each case for periods both before and after the date of the order of liquidation, with respect to the reinsurance contract.
Nev. Rev. Stat. § 695A.018 — NV Code / Title 57 / Chapter 695A / Section 695A.018
“Lodge” defined
Status: in_force

“ Lodge ” means a subordinate unit of a society, and includes a camp, court, council, branch or any similar entity by whatever name designated.
Nev. Rev. Stat. § 687C.030 — NV Code / Title 57 / Chapter 687C / Section 687C.030
Policy of State relating to opting out of certain uniform standards; notice by Commissioner to Legislature upon determination or finding requiring opting out of standard
Status: in_force

1. It is the policy of this State to opt out of and the Commissioner of Insurance shall by regulation opt out of any uniform standard adopted by the Interstate Insurance Product Regulation Commission which provides less protection than a law of this State or otherwise diminishes the rights of policyholders and persons applying for a policy of insurance in this State.

2. Upon determining, or upon becoming aware of a finding of a court of competent jurisdiction which found, that this State must opt out of a uniform standard pursuant to subsection 1, the Commissioner shall provide to the Director of the Legislative Counsel Bureau for transmittal to the next regular session of the Legislature notice of such determination or finding.
Nev. Rev. Stat. § 689C.430 — NV Code / Title 57 / Chapter 689C / Section 689C.430
Entities which are authorized to offer contracts to voluntary purchasing groups; compliance with provisions required
Status: in_force

Every insurer, fraternal benefit society, corporation providing hospital or medical services or health maintenance organization, whose policies or activities relating to health insurance are governed by the provisions of chapter 689B, 695A, 695B or 695C of NRS , may offer contracts to voluntary purchasing groups and, if it does so, shall comply with the provisions of NRS 689C.360 to 689C.600 , inclusive.
Nev. Rev. Stat. § 687B.697 — NV Code / Title 57 / Chapter 687B / Section 687B.697
Access to services and contractual discounts of a provider of health care: Obligations of health carrier and third parties concerning remittance advice or explanation of payment; refusal of discount taken on such advice or explanation by provider of health care; correction of error in advice or explanation; requirements of third party for such access
Status: in_force

1. A health carrier and third parties are obligated to comply with NRS 687B.694 and 687B.696 concerning the services referenced on a remittance advice or explanation of payment. A provider of health care may refuse the discount taken on the remittance advice or explanation of payment if the discount is taken without a contractual basis or in violation of NRS 687B.693 or 687B.695 . An error in the remittance advice or explanation of payment may be corrected not more than 30 days after given notice of the error by the provider of health care.

2. A health carrier may not lease, rent or otherwise grant to a third party, access to a provider network contract unless the third party accessing the provider network contract is: (a) A payer or third party, administrator or other entity that administers or processes claims on behalf of the payer; (b) A preferred provider of health care organization or preferred provider of health care network, including a physician organization or a physician-hospital organization; or (c) An entity engaged in the electronic claims transport between the health carrier and the payer that does not provide access to the services and discounts of a provider of health care to any other third party.
Nev. Rev. Stat. § 681B.0023 — NV Code / Title 57 / Chapter 681B / Section 681B.0023
“Accident and health insurance” defined
Status: in_force

“ Accident and health insurance ” means a contract that incorporates morbidity risk and provides protection against economic loss resulting from accident, sickness or medical conditions, and as may further be specified in the Valuation Manual .
Nev. Rev. Stat. § 690D.190 — NV Code / Title 57 / Chapter 690D / Section 690D.190
Required written disclosures
Status: in_force

1. A guaranteed asset protection waiver must contain a conspicuous statement, printed in at least 12-point type that is larger than the surrounding text and with a heading that is printed in all capital letters, stating that: (a) A guaranteed asset protection waiver is not a policy of liability or casualty insurance and does not satisfy the requirement to maintain liability insurance pursuant to NRS 485.185 ; and (b) Failure to make a timely payment under the terms of the finance agreement may void the guaranteed asset protection waiver.

2. Except as otherwise provided in NRS 690D.100 , a guaranteed asset protection waiver must disclose, if applicable, in writing and in a clear and conspicuous manner: (a) The name and address of the creditor who sells the guaranteed asset protection waiver and the borrower who purchases the guaranteed asset protection waiver; (b) The identity of any administrator, if different from the creditor; (c) The purchase price and the terms of the guaranteed asset protection waiver, including, without limitation, the requirements for and conditions of coverage and any exclusions associated with the guaranteed asset protection waiver; (d) That the borrower will be provided a full refund of the purchase price of the guaranteed asset protection waiver if the waiver is cancelled within the free-look period and benefits have not been provided; (e) The manner in which the borrower may obtain benefits under a guaranteed asset protection waiver, including, without limitation, a telephone number and address that the borrower may use to apply for benefits; and (f) Notice of the provisions of NRS 690D.180 and 690D.200 , the manner in which a borrower may request cancellation of a guaranteed asset protection waiver after the free-look period and the method that will be used to calculate any refund due to the borrower pursuant to NRS 690D.200 .
Nev. Rev. Stat. § 694C.149 — NV Code / Title 57 / Chapter 694C / Section 694C.149
“State-chartered risk retention group” defined
Status: in_force

“ State-chartered risk retention group ” means any risk retention group that is formed in accordance with the laws of this State.
Nev. Rev. Stat. § 695A.580 — NV Code / Title 57 / Chapter 695A / Section 695A.580
Penalties
Status: in_force

1. Any person who makes a false or fraudulent statement in or relating to an application for membership or for the purpose of obtaining money from or a benefit in any society is guilty of a gross misdemeanor.

2. Any person who solicits membership for, or in any manner assists in procuring membership in, any society not licensed to do business in this State is subject to an administrative fine, imposed by the Commissioner, of not less than $25 nor more than $500 for each violation. In addition if the person is an insurance agent of the society, the Commissioner may suspend, revoke, limit or refuse to continue his or her license in the manner provided in NRS 683A.451 and 683A.461 .

3. Any person convicted of a willful violation of, or neglect or refusal to comply with, any provision of this chapter for which a penalty is not otherwise prescribed shall be punished by a fine of not more than $1,000 for each violation, and not more than $10,000 for all related violations.
Nev. Rev. Stat. § 690A.103 — NV Code / Title 57 / Chapter 690A / Section 690A.103
Actions by creditor if creditor requires debtor to make payment for consumer credit insurance without issuance of individual policy or group certificate
Status: in_force

If a creditor requires a debtor to make a payment for consumer credit insurance and an individual policy or group certificate is not issued, the creditor shall immediately notify the debtor in writing and make an appropriate credit to the account of the debtor or issue a refund.
Nev. Rev. Stat. § 680A.555 — NV Code / Title 57 / Chapter 680A / Section 680A.555
Authority of plan sponsor of health plan to consent to delivery by electronic means on behalf of party covered by health plan; requirements and restrictions for delivery by electronic means to party covered by health plan
Status: in_force

1. The plan sponsor of a health plan may, on behalf of a party covered by the health plan, provide the consent for delivery of any notice or other document relating to the health plan required by paragraph (a) of subsection 1 of NRS 680A.550 .

2. Before providing consent on behalf of a party covered by the health plan pursuant to subsection 1, the plan sponsor must confirm, using reasonable means, that the party routinely uses electronic communications during the normal course of employment.

3. Before delivering by electronic means any notice or other document to a party on whose behalf a plan sponsor has provided consent pursuant to subsection 1, the insurer for the health plan must: (a) Provide the party an opportunity to opt out of delivery by electronic means; and (b) Document that the conditions set forth in paragraphs (b) to (e), inclusive, of subsection 1 of NRS 680A.550 are satisfied.

4. A notice of cancellation, nonrenewal or termination of a health plan must be sent to a party covered by the health plan by mail unless the notice is delivered by electronic means in a manner that provides for the verification of the receipt of the notice.

5. As used in this section: (a) “ Health plan ” means a policy, contract, certificate or agreement entered into, offered by or issued by an insurer to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services, including, without limitation, services relating to vision or dental care. (b) “ Plan sponsor ” means a person, other than a person regulated by the Commissioner or Division, who establishes, adopts or maintains a health plan that covers residents of this State. The term includes, without limitation: (1) An employer who establishes, adopts or maintains such a health plan; (2) An employer and one or more employee organizations that jointly establish, adopt or maintain such a health plan; and (3) An association, committee, joint board or trustees or any similar group of representatives that establish, adopt or maintain such a health plan.
Nev. Rev. Stat. § 684B.090 — NV Code / Title 57 / Chapter 684B / Section 684B.090
Place of business; display of license
Status: in_force

1. Every motor vehicle physical damage appraiser shall have and maintain in this state a place of business accessible to the public and from which the licensee principally conducts transactions under his or her license. The address of such place shall appear upon the application for a license and upon the license, when issued, and the licensee shall promptly notify the Commissioner in writing of any change thereof. Nothing in this section shall prohibit the maintenance of such place in the licensee's residence in this state.

2. The license of the licensee shall be conspicuously displayed in such place of business in a part thereof customarily open to the public.
Nev. Rev. Stat. § 680A.210 — NV Code / Title 57 / Chapter 680A / Section 680A.210
Suspension, limitation or revocation of or refusal to continue certificate of authority: Order and notice; effect on agents' authority
Status: in_force

1. All suspensions, limitations or revocations of, or refusals to continue, an insurer's certificate of authority must be by the Commissioner's order given to the insurer.

2. Upon issuance of the order, the Commissioner shall forthwith give notice thereof to the insurer's agents in this state, of record in the Division, and shall also suspend, limit or revoke the authority of such agents to represent the insurer.
Nev. Rev. Stat. § 688C.430 — NV Code / Title 57 / Chapter 688C / Section 688C.430
Disclosures required when emphasizing speed of viatication or monetary amounts available
Status: in_force

1. If an advertiser emphasizes the speed with which viatication will occur, the advertisement must disclose the average time from completed application to date of offer and from acceptance of offer to receipt of funds by the viator.

2. If an advertiser emphasizes the monetary amounts available to viators, the advertisement must disclose the average purchase price as a fraction of face value obtained by viators who contracted with the advertiser during the preceding 6 months.
Nev. Rev. Stat. § 685A.038 — NV Code / Title 57 / Chapter 685A / Section 685A.038
“Principal place of business” defined
Status: in_force

“ Principal place of business ” means, for the purpose of determining the home state of the insured:

1. The state where the insured maintains its headquarters and where the insured's high-level officers direct, control and coordinate its business activities;

2. If the insured's high-level officers direct, control and coordinate its business activities in more than one state, the state in which the greatest percentage of the insured's taxable premium for that insurance contract is allocated; or

3. If the insured's high-level officers direct, control and coordinate its business activities outside of any state, the state to which the greatest percentage of the insured's taxable premium for that insurance contract is allocated.
Nev. Rev. Stat. § 689.520 — NV Code / Title 57 / Chapter 689 / Section 689.520
Agent’s license: Qualifications; application; fees; conviction of or pleas to certain crimes by applicant or licensee sufficient ground for denial, suspension or revocation; fingerprints
Status: in_force

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

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

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

3. A conviction of, or plea of guilty, guilty but mentally ill or nolo contendere by, an applicant or licensee for any crime listed in paragraph (c) of subsection 1 is a sufficient ground for the Commissioner to deny a license to the applicant, or to suspend or revoke the agent's license pursuant to NRS 689.535 .

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

5. The Commissioner may: (a) Unless the applicant's fingerprints are directly forwarded pursuant to subparagraph (2) of paragraph (b) of subsection 4, submit those fingerprints to the Central Repository for submission to the Federal Bureau of Investigation and to such other law enforcement agencies as the Commissioner deems necessary; and (b) Request from each such agency any information regarding the applicant's background as the Commissioner deems necessary.
Nev. Rev. Stat. § 695A.232 — NV Code / Title 57 / Chapter 695A / Section 695A.232
Society required to offer and issue plan regardless of health status of persons; prohibited acts
Status: in_force

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

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

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

4. As used in this section, “health benefit plan” has the meaning ascribed to it in NRS 687B.470 .
Nev. Rev. Stat. § 695C.165 — NV Code / Title 57 / Chapter 695C / Section 695C.165
Health maintenance organization prohibited from asserting certain grounds to deny enrollment of child pursuant to order if parent is enrolled in health care plan
Status: in_force

An organization shall not deny the enrollment of a child pursuant to an order for medical coverage under a health care plan in which a parent of the child is enrolled, 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 organization's geographic area of service.
Nev. Rev. Stat. § 686C.250 — NV Code / Title 57 / Chapter 686C / Section 686C.250
Abatement or deferment; maximum amount; effect of insufficiency; allocation of funds among claims
Status: in_force

1. The Association may abate or defer, in whole or in part, the assessment of a member insurer if, in the opinion of the Board of Directors, payment of the assessment would endanger the ability of the member insurer to fulfill its contractual obligations. If an assessment against a member insurer is abated or deferred in whole or in part, the amount by which that assessment is abated or deferred may be assessed against the other member insurers in a manner consistent with the basis for assessments set forth in this section. As soon as the conditions that caused a deferral have been removed or rectified, the member insurer shall pay all assessments that were deferred pursuant to a plan of repayment approved by the Association.

2. Except as otherwise provided in subsection 3, the total of all assessments authorized by the Association with respect to a member insurer for: (a) The Life and Annuity Account and each of its subaccounts; and (b) The Health Account, respectively must not in any 1 calendar year exceed 2 percent of the member insurer's average annual premiums received in this state on the policies and contracts covered by the subaccount or account during the 3 calendar years preceding the year in which the member insurer became impaired or insolvent.

3. If two or more assessments are authorized in 1 calendar year with respect to member insurers that became impaired or insolvent in different calendar years, the average annual premiums received for the purposes of the limitation provided in subsection 2 are equal and limited to the higher of the 3-year annual premiums for the applicable account or subaccount as calculated pursuant to this section.

4. If the maximum assessment, together with the other assets of the Association in an account, does not provide in any 1 year in either account an amount sufficient to carry out the responsibilities of the Association, the necessary additional money must be assessed as soon thereafter as permitted by this chapter.

5. If the maximum assessment for a subaccount of the Life and Annuity Account in any 1 year does not provide an amount sufficient to carry out the responsibilities of the Association, then pursuant to subsection 4 of NRS 686C.240 , the Board shall assess the other subaccount for the necessary additional amount, subject to the maximum stated in subsection 2.

6. The Board may provide in the plan of operation a method of allocating funds among claims, whether relating to one or more impaired or insolvent insurers, when the maximum assessment is insufficient to cover anticipated claims.
Nev. Rev. Stat. § 695J.020 — NV Code / Title 57 / Chapter 695J / Section 695J.020
“Appointment” defined
Status: in_force

“ Appointment ” means a contract, agreement or other arrangement under which a person may act on behalf of the Exchange as an assister, navigator or any other designation authorized or required by the Federal Act.
Nev. Rev. Stat. § 689C.0835 — NV Code / Title 57 / Chapter 689C / Section 689C.0835
“Professional employer organization” defined
Status: in_force

“Professional employer organization” has the meaning ascribed to it in NRS 611.400 .
Nev. Rev. Stat. § 695C.1755 — NV Code / Title 57 / Chapter 695C / Section 695C.1755
Evidence of coverage prohibited from excluding coverage for treatment of temporomandibular joint; exception
Status: in_force

1. Except as otherwise provided in this section, no evidence of coverage 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 evidence of coverage or by a claims settlement practice. An evidence of coverage 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 health maintenance organization 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 enrollee, but in no case more than 50 percent of the maximum benefits provided by the evidence of coverage for such treatment; and (b) Treatment which is medically necessary.

3. Any provision of an evidence of coverage 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. § 682A.063 — NV Code / Title 57 / Chapter 682A / Section 682A.063
“Direct” and “directly” defined
Status: in_force

“ Direct ” or “ directly ,” when used in connection with an obligation, means that the designated obligor is primarily liable on the instrument representing the obligation.
Nev. Rev. Stat. § 690B.155 — NV Code / Title 57 / Chapter 690B / Section 690B.155
Provision requiring binding arbitration authorized; procedures for arbitration
Status: in_force

1. Subject to the approval of the Commissioner, a contract of insurance for home protection may include a provision which requires the parties to the contract to submit for binding arbitration any dispute between the parties concerning any matter directly or indirectly related to, or associated with, the contract.

2. Except as otherwise provided in subsection 3, the arbitration must be conducted pursuant to the rules for commercial arbitration established by the American Arbitration Association. The insurer is responsible for any administrative fees and expenses relating to the arbitration, except that the insurer is not responsible for attorney's fees and fees for expert witnesses unless those fees are awarded by the arbitrator.

3. If a provision described in subsection 1 is included in a contract of insurance for home protection, the provision shall not be deemed unenforceable as an unreasonable contract of adhesion if the provision is included in compliance with the provisions of subsection 1.
Nev. Rev. Stat. § 691C.090 — NV Code / Title 57 / Chapter 691C / Section 691C.090
“Creditor-placed insurance” defined
Status: in_force

“ Creditor-placed insurance ” means single-interest insurance or dual-interest insurance that is purchased by the creditor, as the named insured, after a credit transaction:

1. According to the terms of the credit agreement as a result of the debtor's failing to provide required insurance, the cost for which is charged to the debtor; and

2. For coverage against loss, expense or damage to personal property used as collateral as a result of fire, theft, collision or other risk of loss that would impair the interest of the creditor or adversely affect the value of the collateral.
Nev. Rev. Stat. § 685B.090 — NV Code / Title 57 / Chapter 685B / Section 685B.090
Short title
Status: in_force

This section and NRS 685B.100 and 685B.110 constitute and may be referred to as the Unauthorized Insurers False Advertising Process Act.
Nev. Rev. Stat. § 695B.1901 — NV Code / Title 57 / Chapter 695B / Section 695B.1901
Required provision in certain policies concerning coverage for continued medical treatment; exceptions; regulations
Status: in_force

1. The provisions of this section apply to a policy of health insurance offered or issued by a hospital or medical service corporation if an insured covered by the policy receives health care through a defined set of providers of health care who are under contract with the hospital or medical service corporation.

2. Except as otherwise provided in this section, if an insured who is covered by a policy described in subsection 1 is receiving medical treatment for a medical condition from a provider of health care whose contract with the hospital or medical service corporation is terminated during the course of the medical treatment, the policy must provide that: (a) The insured may continue to obtain medical treatment for the medical condition from the provider of health care pursuant to this section, if: (1) The insured is actively undergoing a medically necessary course of treatment; and (2) The provider of health care and the insured agree that the continuity of care is desirable. (b) The provider of health care is entitled to receive reimbursement from the hospital or medical service corporation for the medical treatment the provider of health care provides to the insured pursuant to this section, if the provider of health care agrees: (1) To provide medical treatment under the terms of the contract between the provider of health care and the hospital or medical service corporation with regard to the insured, including, without limitation, the rates of payment for providing medical service, as those terms existed before the termination of the contract between the provider of health care and the hospital or medical service corporation; and (2) Not to seek payment from the insured for any medical service provided by the provider of health care that the provider of health care could not have received from the insured were the provider of health care still under contract with the hospital or medical service corporation.

3. The coverage required by subsection 2 must be provided until the later of: (a) The 120th day after the date the contract is terminated; or (b) If the medical condition is pregnancy, the 45th day after: (1) The date of delivery; or (2) If the pregnancy does not end in delivery, the date of the end of the pregnancy.

4. The requirements of this section do not apply to a provider of health care if: (a) The provider of health care was under contract with the hospital or medical service corporation and the hospital or medical service corporation terminated that contract because of the medical incompetence or professional misconduct of the provider of health care; and (b) The hospital or medical service corporation did not enter into another contract with the provider of health care after the contract was terminated pursuant to paragraph (a).

5. A policy subject to the provisions of this chapter that is delivered, issued for delivery or renewed on or after October 1, 2003, has the legal effect of including the coverage required by this section, and any provision of the policy or renewal thereof that is in conflict with this section is void.

6. The Commissioner shall adopt regulations to carry out the provisions of this section.
Nev. Rev. Stat. § 695A.090 — NV Code / Title 57 / Chapter 695A / Section 695A.090
General powers and duties of society
Status: in_force

A society shall operate for the benefit of its members and their beneficiaries by providing benefits as specified in NRS 695A.180 and may:

1. Operate for any lawful social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic or religious purpose.

2. Carry out its purposes directly or through subsidiary corporations or affiliated organizations.

3. Create, maintain and operate, or establish organizations to operate, nonprofit institutions to further the society's purposes. Such institutions may charge a reasonable amount for their services.

4. Organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges must not be required of children, and they must not have a voice or vote in the management of the society.

5. Adopt laws and rules for the government of the society, the admission of its members and the management of its affairs.

6. Amend its laws and rules.

7. Exercise any other power which is necessary and incidental to carrying into effect the objects and purposes of the society and which is not inconsistent with the provisions of this chapter.
Nev. Rev. Stat. § 687B.090 — NV Code / Title 57 / Chapter 687B / Section 687B.090
Alteration of application: Life and health insurance
Status: in_force

No alteration of any written application for any life or health insurance policy shall be made by any person other than the applicant without the written consent of the applicant, except that insertions may be made by the insurer, for administrative purposes only, in such manner as to indicate clearly that such insertions are not to be ascribed to the applicant.
Nev. Rev. Stat. § 686B.17863 — NV Code / Title 57 / Chapter 686B / Section 686B.17863
Large-deductible agreements: Full collateralization required; size of obligations limited
Status: in_force

An insurer shall:

1. Require full collateralization of the outstanding obligations owed under a large-deductible agreement using one of the following methods: (a) A surety bond issued by a surety insurer authorized to transact such insurance in this State, and whose financial strength and size ratings from A.M. Best Company, Inc., are not less than “A” and “V,” respectively, or are substantially equivalent ratings from another rating agency, as determined by the Commissioner; (b) An irrevocable letter of credit issued by a financial institution with an office physically located within this State, and the deposits of which are federally insured; or (c) Cash or securities held in trust by a third party or the insurer and subject to a trust agreement for the express purpose of securing the policyholder's obligation under a large-deductible agreement, provided that if the assets are held by the insurer, those assets may not be commingled with the insurer's other assets; and

2. Limit the size of the policyholder's obligations under a large-deductible agreement to 20 percent of the total net worth of the policyholder at the inception of the policy and again at each renewal, as determined by an audited financial statement as of the most recent fiscal year-end for which such a statement is available, with the total net worth of the policyholder calculated as the difference between the total assets and the total liabilities of the policyholder.
Nev. Rev. Stat. § 683A.1885 — NV Code / Title 57 / Chapter 683A / Section 683A.1885
Licensee prohibited from advertising, representing or holding itself out as licensed insurer
Status: in_force

A licensee shall not advertise, represent or otherwise hold itself or any of its employees out as a licensed insurer.
Nev. Rev. Stat. § 686A.670 — NV Code / Title 57 / Chapter 686A / Section 686A.670
Applicability
Status: in_force

The provisions of NRS 686A.600 to 686A.730 , inclusive, do not apply to a contract of surety insurance issued pursuant to chapter 691B of NRS or any commercial or business policy.
Nev. Rev. Stat. § 692C.3514 — NV Code / Title 57 / Chapter 692C / Section 692C.3514
Filing of ORSA Summary Report
Status: in_force

Upon the request of the Commissioner, and not more than once each year, an insurer shall submit to the Commissioner an ORSA Summary Report or any combination of reports that together contain the information described in the ORSA Guidance Manual , applicable to the insurer and the insurance group of which the insurer is a member. Notwithstanding any request from the Commissioner, if the insurer is a member of an insurance group, the insurer shall submit the report required by this section if the Commissioner is the lead state commissioner of the insurance group as determined by the procedures within the Financial Analysis Handbook , published by the NAIC.
Nev. Rev. Stat. § 688A.330 — NV Code / Title 57 / Chapter 688A / Section 688A.330
Basis for calculating adjusted premiums on industrial insurance; applicability of section
Status: in_force

1. In the case of industrial policies issued on or after the operative date of this section, as provided in subsection 2, all adjusted premiums and present values referred to in NRS 688A.290 to 688A.360 , inclusive, must be calculated on the basis of the Commissioners 1961 Standard Industrial Mortality Table and the rate of interest specified in the policy for calculating cash surrender values and paid-up nonforfeiture benefits, but that rate of interest must not exceed 3.5 percent per annum, or 4 percent per annum for policies issued on or after July 1, 1973, and before July 1, 1977, and a rate of interest not exceeding 5.5 percent per annum may be used for policies issued on or after July 1, 1977, other than single premium whole life or endowment insurance policies, and for the latter policies a rate of interest not exceeding 6.5 percent per annum may be used, except that: (a) 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 those shown in the Commissioners 1961 Industrial Extended Term Insurance Table. (b) For insurance issued on a substandard basis or a special underwriting basis, the calculations of any such adjusted premiums and present values may be based on such other table of mortality as may be specified by the insurer and approved by the Commissioner.

2. After July 1, 1963, any insurer may file with the Commissioner a written notice of its election to comply with the provisions of this section after a specified date before January 1, 1968. After the filing of a notice, upon the specified date, this section is operative with respect to the industrial policies thereafter issued by the insurer. If an insurer makes no such election, the operative date of this section for the insurer is January 1, 1968.

3. This section does not apply to policies issued on or after the operative date of NRS 688A.325 .
Nev. Rev. Stat. § 682A.255 — NV Code / Title 57 / Chapter 682A / Section 682A.255
Presumptive control
Status: in_force

1. Control, as defined in NRS 682A.047 , shall be deemed to exist if a person, directly or indirectly, owns, controls, holds with the power to vote or holds proxies representing 10 percent or more of the voting securities of another person.

2. A presumption of control may be rebutted by a showing that control does not exist in fact.

3. The Commissioner may determine, after furnishing all interested persons notice and an opportunity to be heard and making specific findings of fact to support the determination, that control exists in fact, notwithstanding the absence of a presumption to that effect.
Nev. Rev. Stat. § 686A.440 — NV Code / Title 57 / Chapter 686A / Section 686A.440
Interest; service charge; prepayment
Status: in_force

1. A company shall not charge or collect a charge for interest which is not permitted by this section.

2. Interest must be computed on the balance due, after subtracting the down payment, from the effective date of the insurance contract or agreement, whichever is earlier, through the date on which the final installment is payable.

3. The rate of interest must be specified in the agreement. The agreement may provide for a service charge of not more than $25, and that the charge is not refundable.

4. An insured may prepay in full at any time the unpaid balance of the principal. The insured is entitled to a refund of the unearned portion of the prepaid interest. The refund must be at least as great a proportion of the prepaid interest as the sum of the periodic balances for each period beginning one period after the prepayment is made bears to the sum of all the periodic balances under the schedule of payments in the agreement. If the amount of the refund is less than $1, no refund need be made.

5. Any provision which purports to limit the insured's right of prepayment pursuant to this section is void.
Nev. Rev. Stat. § 683A.375 — NV Code / Title 57 / Chapter 683A / Section 683A.375
Purposes
Status: in_force

The purposes of NRS 683A.375 to 683A.379 , inclusive, are to:

1. Promote the delivery of health care of high quality in a manner that limits the cost of such care; and

2. Foster greater cooperation between providers of health care and agents who perform utilization review.
Nev. Rev. Stat. § 696C.130 — NV Code / Title 57 / Chapter 696C / Section 696C.130
Contest of action of administrative supervisor
Status: in_force

1. During the period an insurer is under administrative supervision pursuant to NRS 696C.100 , the insurer may contest any action taken or proposed to be taken by the administrative supervisor designated pursuant to subsection 1 of NRS 696C.110 on the ground that the action would not result in improving the condition of the insurer. To contest an action taken or proposed to be taken by the administrative supervisor, the insurer must submit a request for reconsideration to the administrative supervisor. If the administrative supervisor, upon reconsideration, denies the insurer's request, the insurer may request a review of the decision of the administrative supervisor pursuant to NRS 679B.310 to 679B.370 , inclusive.

2. Any action taken by the Commissioner pursuant to this chapter is subject to: (a) Review pursuant to NRS 679B.310 to 679B.370 , inclusive, and any regulations adopted pursuant thereto; and (b) Judicial review pursuant to chapter 233B of NRS .
Nev. Rev. Stat. § 689B.0315 — NV Code / Title 57 / Chapter 689B / Section 689B.0315
Required provision concerning coverage for examination of person who is pregnant for certain diseases
Status: in_force

1. An insurer that issues a policy of group health insurance shall provide coverage for the examination of a person who is pregnant for the discovery of: (a) Chlamydia trachomatis , gonorrhea, hepatitis B and hepatitis C in accordance with NRS 442.013 . (b) Syphilis in accordance with NRS 442.010 .

2. The coverage required by this section must be provided: (a) Regardless of whether the benefits are provided to the insured by a provider of health care, facility or medical laboratory that participates in the network plan of the insurer; and (b) Without prior authorization.

3. 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, 2021, has the legal effect of including the coverage required by subsection 1, and any provision of the policy that conflicts with the provisions of this section is void.

4. As used in this section: (a) “Medical laboratory” has the meaning ascribed to it in NRS 652.060 . (b) “ Network plan ” means a policy of group health insurance 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. (c) “Provider of health care” has the meaning ascribed to it in NRS 629.031 .
Nev. Rev. Stat. § 695G.1639 — NV Code / Title 57 / Chapter 695G / Section 695G.1639
Plan covering prescription drug for treatment of medical condition that is part of step therapy protocol: Use of certain guidelines required; establishment of process to request exemption from step therapy protocol required; granting of request; applicability of provisions
Status: in_force

1. When developing a step therapy protocol, a managed care organization shall use guidelines based on medical or scientific evidence, if such guidelines are available.

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

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

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

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

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

7. The provisions of this section do not apply to any prescription drug to which the provisions of NRS 695G.1675 apply.

8. As used in this section: (a) “ Attending practitioner ” means the practitioner, as defined in NRS 639.0125 , who has primary responsibility for the treatment of the medical condition of an insured for which a prescription drug is prescribed. (b) “ Medical or scientific evidence ” has the meaning ascribed to it in NRS 695G.053 .
Nev. Rev. Stat. § 682A.095 — NV Code / Title 57 / Chapter 682A / Section 682A.095
“Guaranteed or insured” defined
Status: in_force

“ Guaranteed or insured ,” when used in connection with an obligation acquired in accordance with the provisions of this chapter, means that the guarantor or insurer has agreed to:

1. Perform or insure the obligation of the obligor or purchase the obligation; or

2. Be unconditionally obligated until the obligation is repaid to maintain in the obligor a minimum net worth, fixed charge coverage, stockholder's equity or sufficient liquidity to enable the obligor to pay the obligation in full.
Nev. Rev. Stat. § 696B.130 — NV Code / Title 57 / Chapter 696B / Section 696B.130
“Preferred claim” defined
Status: in_force

“ Preferred claim ” means any claim accorded priority of payment from the insurer's general assets under applicable law.
Nev. Rev. Stat. § 695F.047 — NV Code / Title 57 / Chapter 695F / Section 695F.047
“Order for medical coverage” defined
Status: in_force

“ Order for medical coverage ” means an order of a court or administrative tribunal to provide medical coverage to a child pursuant to the provisions of 42 U.S.C. § 1396g-1 .
Nev. Rev. Stat. § 694C.075 — NV Code / Title 57 / Chapter 694C / Section 694C.075
“Controlled unaffiliated business” defined
Status: in_force

“ Controlled unaffiliated business ” means any company:

1. That is not in the corporate system of a parent and affiliated companies;

2. That has an existing contractual relationship with a parent or affiliated company; and

3. Whose risks are managed by a captive insurer pursuant to this chapter.
Nev. Rev. Stat. § 689A.090 — NV Code / Title 57 / Chapter 689A / Section 689A.090
Notice of claim
Status: in_force

1. There shall be a provision as follows: Notice of Claim: Written notice of claim must be given to the insurer within 20 days after the occurrence or commencement of any loss covered by the policy, or as soon thereafter as is reasonably possible. Notice given by or on behalf of the insured or the beneficiary to the insurer at ________________ (insert the location of such office as the insurer may designate for the purpose), or to any authorized agent of the insurer, with information sufficient to identify the insured, shall be deemed notice to the insurer.

2. In a policy providing a loss-of-time benefit which may be payable for at least 2 years, an insurer may at its option insert the following between the first and second sentence of subsection 1: Subject to the qualifications set forth below, if the insured suffers loss of time on account of disability for which indemnity may be payable for at least 2 years, the insured shall, at least once in every 6 months after having given notice of the claim, give to the insurer notice of continuance of said disability, except in the event of legal incapacity. The period of 6 months following any filing of proof by the insured or any payment by the insurer on account of such claim or any denial of liability in whole or in part by the insurer shall be excluded in applying this provision. Delay in the giving of such notice shall not impair the insured's right to any indemnity which would otherwise have accrued during the period of 6 months preceding the date on which such notice is actually given.
Nev. Rev. Stat. § 695F.020 — NV Code / Title 57 / Chapter 695F / Section 695F.020
“Enrollee” defined
Status: in_force

“ Enrollee ” means a person, including the dependents of the person, who is entitled to a limited health service pursuant to a contract with a person authorized to provide or arrange for that service pursuant to this chapter.
Nev. Rev. Stat. § 695D.012 — NV Code / Title 57 / Chapter 695D / Section 695D.012
“Administrator” defined
Status: in_force

“Administrator” has the meaning ascribed to it in NRS 683A.025 .
Nev. Rev. Stat. § 686B.060 — NV Code / Title 57 / Chapter 686B / Section 686B.060
Determination of whether rates comply with standards
Status: in_force

In determining whether rates comply with the standards under NRS 686B.050 , the following criteria shall be applied:

1. Due consideration shall be given to past and prospective loss and expense experience within and outside of this state, to catastrophe hazards and contingencies, to trends within and outside of this state, to loadings for leveling premium rates over time or for dividends or savings to be allowed or returned by insurers to their policyholders, members or subscribers, and to all other relevant factors, including the judgment of technical personnel.

2. Risks may be classified in any reasonable way for the establishment of rates and minimum premiums, except that classifications may not be based on race, color, creed, national origin, sexual orientation or gender identity or expression. Rates thus produced may be modified for individual risks in accordance with rating plans or schedules which establish reasonable standards for measuring probable variations in hazards, expenses, or both.

3. The expense provisions included in the rates to be used by an insurer may reflect the operating methods of the insurer and, so far as it is credible, its own expense experience.

4. The rates may contain an allowance permitting a profit that is not unreasonable in relation to the riskiness of the class of business.
Nev. Rev. Stat. § 689B.265 — NV Code / Title 57 / Chapter 689B / Section 689B.265
Policy covering anatomical gifts, organ transplants or treatments or services related to organ transplants: Prohibited acts by insurer if insured is person with disability
Status: in_force

1. An insurer that offers or issues a policy of group health insurance that includes coverage for anatomical gifts, organ transplants or treatments or services related to an organ transplant shall not: (a) Deny, limit or seek reimbursement from an insured for care related to an organ transplant because the insured is a person with a disability; (b) Deny a person with a disability eligibility or continued eligibility to enroll or renew coverage to avoid providing coverage in accordance with this section; (c) Reduce or limit the reimbursement of or otherwise penalize a provider of medical or related services because the provider of medical or related services acted in accordance with NRS 460.160 ; or (d) Provide monetary or nonmonetary incentives for a provider of medical or related services to induce the provider of medical or related services to provide care to an insured in a manner inconsistent with NRS 460.160 .

2. As used in this section: (a) “Anatomical gift” has the meaning ascribed to it in NRS 451.513 . (b) “Disability” has the meaning ascribed to it in 42 U.S.C. § 12102(1) . (c) “Provider of medical or related services” has the meaning ascribed to it in NRS 460.160 .
Nev. Rev. Stat. § 687B.340 — NV Code / Title 57 / Chapter 687B / Section 687B.340
Nonrenewals
Status: in_force

1. Subject to subsection 2, a policyholder has a right to have his or her policy renewed, on the terms then being applied by the insurer to persons, similarly situated, for an additional period equivalent to the expiring term if the agreed term is 1 year or less, or for 1 year if the agreed term is longer than 1 year, unless: (a) At least 60 days for commercial or business policies; and (b) At least 30 days for all other policies, before the date of expiration provided in the policy the insurer mails or delivers to the policyholder a notice of intention not to renew the policy beyond the agreed expiration date. If an insurer fails to provide a timely notice of nonrenewal, the insurer shall provide the insured with a policy of insurance on the identical terms as in the expiring policy.

2. This section does not apply if the policyholder has accepted replacement coverage or has requested or agreed to nonrenewal, or if the policy is expressly designated as nonrenewable by a clause approved or deemed to be approved by the Commissioner.
Nev. Rev. Stat. § 679A.040 — NV Code / Title 57 / Chapter 679A / Section 679A.040
“Bona fide resident” defined
Status: in_force

“Bona fide resident” means a person who actually resides in this state with domiciliary intent.
Nev. Rev. Stat. § 687B.430 — NV Code / Title 57 / Chapter 687B / Section 687B.430
Regulations: Form, content and sale of policies which provide for payment of expenses not covered by Medicare; sale of more than one policy of health insurance to same person
Status: in_force

1. The Commissioner may adopt regulations relating to the form, content and sale of policies of insurance which provide for the payment of expenses which are not covered by Medicare.

2. The Commissioner may adopt regulations relating to the sale of more than one policy of health insurance to the same person.

3. As used in this section, “Medicare” means the program of health insurance for aged persons and persons with disabilities established pursuant to Title XVIII of the Social Security Act ( 42 U.S.C. §§ 1395 et seq. ).
Nev. Rev. Stat. § 689A.0495 — NV Code / Title 57 / Chapter 689A / Section 689A.0495
Services provided by certain registered nurses
Status: in_force

1. If any policy of health insurance provides coverage for services which are within the authorized scope of practice of a registered nurse who is authorized pursuant to chapter 632 of NRS to perform additional acts in an emergency or under other special conditions as prescribed by the State Board of Nursing, and which are reimbursed when provided by another provider of health care, the insured is entitled to reimbursement for services provided by such a registered nurse.

2. The terms of the policy must not limit: (a) Coverage for services provided by such a registered nurse to a number of occasions less than for services provided by another provider of health care. (b) Reimbursement for services provided by such a registered nurse to an amount less than that reimbursed for similar services provided by another provider of health care.

3. An insurer is not required to pay for services provided by such a registered nurse which duplicate services provided by another provider of health care.
Nev. Rev. Stat. § 688A.230 — NV Code / Title 57 / Chapter 688A / Section 688A.230
Annuities: Dividends
Status: in_force

If an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.
Nev. Rev. Stat. § 689B.255 — NV Code / Title 57 / Chapter 689B / Section 689B.255
Approval or denial of claims; payment of claims and interest; requests for additional information; award of costs and attorney's fees; compliance with requirements; imposition of administrative fine or suspension or revocation of certificate of authority for failure to comply
Status: in_force

1. Except as otherwise provided in subsection 2 and NRS 439B.754 , an insurer shall approve or deny a claim relating to a policy of group health insurance or blanket insurance within 30 days after the insurer receives the claim. If the claim is approved, the insurer shall pay the claim within 30 days after it is approved. Except as otherwise provided in this section, if the approved claim is not paid within that period, the insurer shall pay interest on the claim at a rate of interest equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date on which the payment was due, plus 6 percent. The interest must be calculated from 30 days after the date on which the claim is approved until the date on which the claim is paid.

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

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

4. An insurer shall not pay only part of a claim that has been approved and is fully payable.

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

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

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

8. If the Commissioner determines that an insurer is not in substantial compliance with the requirements set forth in this section, the Commissioner may require the insurer to pay an administrative fine in an amount to be determined by the Commissioner. Upon a second or subsequent determination that an insurer is not in substantial compliance with the requirements set forth in this section, the Commissioner may suspend or revoke the certificate of authority of the insurer.
Nev. Rev. Stat. § 687A.039 — NV Code / Title 57 / Chapter 687A / Section 687A.039
“Net direct written premiums” defined
Status: in_force

“ Net direct written premiums ” means direct gross premiums written in this state on insurance policies to which this chapter applies, less return premiums and dividends paid or credited to policyholders on such direct business. The term does not include premiums on contracts between insurers or reinsurers.
Nev. Rev. Stat. § 682A.195 — NV Code / Title 57 / Chapter 682A / Section 682A.195
“Secured location” defined
Status: in_force

“ Secured location ” means the contiguous real estate owned by one person.
Nev. Rev. Stat. § 695C.1743 — NV Code / Title 57 / Chapter 695C / Section 695C.1743
Required provision concerning coverage for drugs, laboratory testing and certain services related to human immunodeficiency virus and hepatitis C; reimbursement of certain providers of health care for certain services; prohibited acts
Status: in_force

1. A health maintenance organization that offers or issues a health care plan shall include in the plan coverage for: (a) All drugs approved by the United States Food and Drug Administration for preventing the acquisition of human immunodeficiency virus or treating human immunodeficiency virus or hepatitis C in the form recommended by the prescribing practitioner, regardless of whether the drug is included in the formulary of the health maintenance organization; (b) Laboratory testing that is necessary for therapy that uses a drug to prevent the acquisition of human immunodeficiency virus; (c) Any service to test for, prevent or treat human immunodeficiency virus or hepatitis C provided by a provider of primary care if the service is covered when provided by a specialist and: (1) The service is within the scope of practice of the provider of primary care; or (2) The provider of primary care is capable of providing the service safely and effectively in consultation with a specialist and the provider engages in such consultation; and (d) The services described in NRS 639.28085 , when provided by a pharmacist who participates in the network plan of the health maintenance organization.

2. A health maintenance organization that offers or issues a health care plan shall reimburse: (a) A pharmacist who participates in the network plan of the health maintenance organization for the services described in NRS 639.28085 at a rate equal to the rate of reimbursement provided to a physician, physician assistant or advanced practice registered nurse for similar services. (b) An advanced practice registered nurse or a physician assistant who participates in the network plan of the health maintenance organization for any service to test for, prevent or treat human immunodeficiency virus or hepatitis C at a rate equal to the rate of reimbursement provided to a physician for similar services.

3. A health maintenance organization shall not: (a) Subject the benefits required by subsection 1 to medical management techniques, other than step therapy; (b) Limit the covered amount of a drug described in paragraph (a) of subsection 1; (c) Refuse to cover a drug described in paragraph (a) of subsection 1 because the drug is dispensed by a pharmacy through mail order service; or (d) Prohibit or restrict access to any service or drug to treat human immunodeficiency virus or hepatitis C on the same day on which the enrollee is diagnosed.

4. A health maintenance organization shall ensure that the benefits required by subsection 1 are made available to an enrollee through a provider of health care who participates in the network plan of the health maintenance organization.

5. A health care plan 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 subsection 1, and any provision of the plan that conflicts with the provisions of this section is void.

6. As used in this section: (a) “ Medical management technique ” means a practice which is used to control the cost or use of health care services or prescription drugs. The term includes, without limitation, the use of step therapy, prior authorization and categorizing drugs and devices based on cost, type or method of administration. (b) “ Network plan ” means a health care plan offered by a health maintenance organization 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 health maintenance organization. The term does not include an arrangement for the financing of premiums. (c) “ Primary care ” means the practice of family medicine, pediatrics, internal medicine, obstetrics and gynecology and midwifery. (d) “ Provider of health care ” has the meaning ascribed to it in NRS 629.031 .
Nev. Rev. Stat. § 688C.290 — NV Code / Title 57 / Chapter 688C / Section 688C.290
Submission by viator of certain documents to escrow agent; duties of escrow agent; payment of viator
Status: in_force

1. A provider of viatical settlements shall instruct the viator to send the executed documents required to effect the change in ownership or assignment or change of beneficiary of the affected policy to a designated independent escrow agent. Within 3 business days after the date the escrow agent receives the documents, or within 3 business days after the provider receives the documents if by mistake they are sent directly to the provider, the escrow agent shall deposit the proceeds of the settlement into an escrow or trust account maintained in a regulated financial institution whose deposits are insured by the Federal Deposit Insurance Corporation.

2. Upon deposit of the proceeds in that account, the escrow agent shall deliver to the provider the original documents executed by the viator. Upon the provider's receipt from the insurer of an acknowledgment of the change in ownership or assignment or change of beneficiary of the affected policy, the provider shall instruct the escrow agent to pay the proceeds of the settlement to the viator.

3. Payment to the viator must be made within 3 business days after the date the provider received the acknowledgment from the insurer. Failure to make the payment within that time makes the viatical settlement voidable by the viator for lack of consideration until payment is tendered to and accepted by the viator. Payment to the viator shall be deemed to have been made as of the date that the escrow agent: (a) Releases money for a wire transfer to the viator; or (b) Deposits a check for the amount of the proceeds with the United States Postal Service or with a commercially reasonable delivery service.
Nev. Rev. Stat. § 695A.120 — NV Code / Title 57 / Chapter 695A / Section 695A.120
Location of principal office; meetings of supreme governing body; minutes of certain proceedings; official publications; grievances by benefit members
Status: in_force

1. The principal office of any domestic society must be located in this state.

2. The meetings of its supreme governing body may be held in any state, district, province or territory in which the society has at least five subordinate lodges, and all business transacted at those meetings is as valid in all respects as if the meetings were held in this state.

3. The minutes of the proceedings of the supreme governing body and the board of directors must be written in the English language.

4. A society may provide in its laws for an official publication in which any notice, report or statement which is required by law to be given to a member, including a notice of election, may be published. Such a report, notice or statement must be printed conspicuously in the publication.

5. If the records of a society indicate that two or more benefit members have the same mailing address, an official publication mailed to one member shall be deemed to be mailed to all members at the same address unless a member requests a separate copy.

6. A society may provide in its laws or rules a procedure by which a benefit member may pursue a grievance or complaint against the society, its supreme governing body, officers, directors or other members.
Nev. Rev. Stat. § 689C.660 — NV Code / Title 57 / Chapter 689C / Section 689C.660
“Individual carrier” defined
Status: in_force

“ Individual carrier ” means any entity subject to the provisions of this title and the regulations adopted pursuant thereto, that contracts or offers to contract to provide for, deliver payment for, arrange for payment of, pay for or reimburse any cost of health care services, including a sickness and accident health service corporation, and any other entity providing a plan of health insurance, health benefits or health services to individuals and their dependents in this state.
Nev. Rev. Stat. § 687B.355 — NV Code / Title 57 / Chapter 687B / Section 687B.355
Insurer required to provide to policyholder information about claims paid on behalf of policyholder; fee; regulations
Status: in_force

1. If a policyholder requests information for the renewal of his or her policy, an insurer shall provide to the policyholder information regarding claims paid on behalf of the policyholder. The information must be provided within 30 working days after the insurer receives a written request from the policyholder. The insurer may charge the policyholder a reasonable fee for the information.

2. The Commissioner may adopt regulations to carry out the provisions of subsection 1.
Nev. Rev. Stat. § 679B.320 — NV Code / Title 57 / Chapter 679B / Section 679B.320
Notice of hearing
Status: in_force

1. Except where a different period is expressly provided, the Commissioner shall give written notice of the hearing not less than 20 days in advance. The notice shall state the date, time and place of the hearing and specify the matters to be considered thereat. If the persons to be given notice are not specified in the provision pursuant to which the hearing is held, the Commissioner shall give such notice to all persons whose pecuniary interest, to the Commissioner's knowledge or belief, are to be directly and immediately affected by the hearing.

2. If any person is entitled to a hearing by any provision of this Code before any proposed action is taken, the notice of the hearing may be in the form of a notice to show cause, stating that the proposed action may be taken unless such person shows cause at a hearing to be held as specified in the notice why the proposed action should not be taken, and stating the basis of the proposed action.

3. If any such hearing is to be held for consideration of rules and regulations of the Commissioner, or of other matters which, under subsection 1, would otherwise require separate notices to more than 30 persons, in lieu of other notice the Commissioner may give notice of the hearing by publication thereof in a newspaper of general circulation in this state, at least once each week during the fourth and second weeks next preceding the week in which the hearing is to be held; but the Commissioner shall mail such notice to all persons who had requested the same in writing in advance and had paid to the Commissioner the reasonable amount fixed by the Commissioner to cover the cost thereof.

4. All such notices, other than published notices, shall be given as provided in NRS 679B.140 .
Nev. Rev. Stat. § 689A.705 — NV Code / Title 57 / Chapter 689A / Section 689A.705
Regulations concerning reissuance of health benefit plan
Status: in_force

The Commissioner may adopt regulations to require an individual carrier, as a condition of transacting business with individuals in this state after July 16, 1997, to reissue a health benefit plan to any individual whose health benefit plan has been terminated or not renewed by the individual carrier after July 1, 1997. The Commissioner may prescribe such terms for the reissue of coverage as the Commissioner finds are reasonable and necessary to provide continuity of coverage to individuals.
Nev. Rev. Stat. § 688C.180 — NV Code / Title 57 / Chapter 688C / Section 688C.180
Examinations and investigations by Commissioner
Status: in_force

The Commissioner may examine or investigate a licensee under this chapter as often as the Commissioner considers appropriate. An examination will be conducted in the manner provided in NRS 679B.230 to 679B.300 , inclusive. The Commissioner may also examine or investigate any other person or business insofar as the Commissioner considers necessary or material to the examination or investigation of the licensee. Instead of an examination or investigation under this chapter of a foreign or alien person licensed under this chapter, the Commissioner may accept a report on examination or investigation of the licensee by the equivalent authority of the licensee's state of domicile or port of entry.
Nev. Rev. Stat. § 686B.176 — NV Code / Title 57 / Chapter 686B / Section 686B.176
“Plan for rating experience” defined
Status: in_force

“ Plan for rating experience ” means a procedure used to predict the future losses of an individual policyholder by measuring the past losses of the individual policyholder against the losses of other policyholders in the same classification to determine any prospective credit, debit or unitary modifications of premiums for the individual policyholder.
Nev. Rev. Stat. § 695K.070 — NV Code / Title 57 / Chapter 695K / Section 695K.070
“Federally qualified health center” defined
Status: in_force

<Section effective Jan. 1, 2026.>

“Federally qualified health center” has the meaning ascribed to it in 42 C.F.R. § 405.2401 .
Nev. Rev. Stat. § 686A.283 — NV Code / Title 57 / Chapter 686A / Section 686A.283
Reporting requirements; duties of Commissioner and Attorney General; prosecution by district attorney
Status: in_force

1. Any person, governmental entity, insurer or authorized representative of an insurer shall report any information concerning insurance fraud to the Commissioner and Attorney General on a form prescribed by the Commissioner and Attorney General.

2. The Commissioner and Attorney General shall each independently: (a) Review each report of insurance fraud; and (b) Determine whether an investigation should be made of the facts in the report.

3. During their respective investigations, the Commissioner and Attorney General shall independently determine whether there is probable cause to believe that insurance fraud has occurred.

4. A district attorney of any county where fraudulent activity has occurred or is occurring or where a fraudulent claim that would constitute insurance fraud has been made may, with the permission of the Attorney General or at the request of the Attorney General, institute proceedings in the name of the State of Nevada.
Nev. Rev. Stat. § 686C.240 — NV Code / Title 57 / Chapter 686C / Section 686C.240
Computation; necessity; notification
Status: in_force

1. The Board of Directors of the Association shall determine the amount of each assessment in Class A and may, but need not, prorate it. If an assessment is prorated, the Board may provide that any surplus be credited against future assessments in Class B. An assessment which is not prorated must not exceed $500 for each member insurer for any 1 calendar year.

2. The Board may determine the amount of each assessment in Class B for long-term care insurance written by an impaired or insolvent insurer according to a methodology included in the plan of operation established and approved pursuant to NRS 686C.290 . The methodology must provide for the imposition of: (a) One-half of the assessment on member insurers that primarily provide accident and health insurance; and (b) One-half of the assessment on member insurers that primarily provide life insurance and annuities.

3. Except as otherwise provided in subsection 5, the Board may allocate any assessment in Class B among the accounts and among the subaccounts of the Life and Annuity Account according to a formula based on the premiums or reserves of the impaired or insolvent insurer or any other standard which the Board, in its sole discretion, considers fair and reasonable under the circumstances.

4. Except as otherwise provided in subsection 5, assessments in Class B against member insurers for each account and subaccount must be in the proportion that the premiums received on business in this State by each assessed member insurer on policies or contracts covered by each account or subaccount for the 3 most recent calendar years for which information is available preceding the year in which the insurer became impaired or insolvent bears to premiums received on business in this State for those calendar years by all assessed member insurers.

5. The Board shall allocate to: (a) The Life and Annuity Account the percentage of an assessment in Class B for long-term care insurance written by an impaired or insolvent insurer that is equal to the quotient of: (1) The difference between 0.5 and the percentage of the Health Account that was contributed by member insurers that primarily provide life insurance and annuities; and (2) The difference between the percentage of the Life and Annuity Account that was contributed by member insurers that primarily provide life insurance and annuities and the percentage of the Health Account that was contributed by such member insurers. (b) The Health Account the remainder of an assessment in Class B for long-term care insurance written by an impaired or insolvent insurer that is not allocated to the Life and Annuity Account pursuant to paragraph (a).

6. Assessments for money to meet the requirements of the Association with respect to an impaired or insolvent insurer must not be authorized or called until necessary to carry out the purposes of this chapter. Classification of assessments under subsection 2 of NRS 686C.230 and computation of assessments under this section must be made with a reasonable degree of accuracy, recognizing that exact determinations may not always be possible. The Association shall notify each member insurer of its anticipated prorated share of an assessment authorized but not yet called within 180 days after it is authorized.

7. For the purposes of this section, a member insurer shall be deemed to: (a) Primarily provide life insurance and annuities if the sum of the accessible in-state life insurance premiums and annuity premiums of the member insurer is equal to or greater than the accessible in-state health insurance premiums of the member insurer. For the purposes of this paragraph, health insurance premiums: (1) Include, without limitation, premiums for health maintenance organization coverage; and (2) Do not include premiums for disability income and long-term care insurance. (b) Primarily provide health insurance if the member insurer is not a member insurer described in paragraph (a).
Nev. Rev. Stat. § 688A.3633 — NV Code / Title 57 / Chapter 688A / Section 688A.3633
Value of cash surrender and death benefits before maturity
Status: in_force

1. For contracts which provide cash surrender benefits, such benefits available before maturity shall not be less than the present value as of the date of surrender of that portion of the maturity value of the paid-up annuity benefit which would be provided under the contract at maturity arising from considerations paid before the time of cash surrender, reduced by the amount appropriate to reflect any prior withdrawals from or partial surrenders of the contract, such present value being calculated on the basis of an interest rate of not more than 1 percent higher than the interest rate specified in the contract for accumulating the net considerations to determine such maturity value, decreased by the amount of any indebtedness to the company on the contract, including interest due and accrued, and increased by any existing additional amounts credited by the company to the contract. Any cash surrender benefit shall not be less than the minimum nonforfeiture amount at that time. The death benefit under such contracts shall be at least equal to the cash surrender benefit.

2. For annuity contracts issued on or after January 1, 2012, that provide cash surrender benefits: (a) The cash surrender value on or past the maturity date must be equal to the amount used to determine the annuity benefits; (b) A surrender charge may not be imposed on or past the maturity date of the annuity contract; and (c) For annuity contracts with one or more renewable guaranteed periods, a new surrender charge schedule may be imposed for each new guaranteed period if: (1) The surrender charge is zero at the end of each guaranteed period and remains zero for at least 30 days; (2) The contract provides for continuation of the contract without surrender charges unless the contract holder specifically elects a new guaranteed period with a new surrender charge schedule; and (3) The renewal period does not exceed 10 years and the maturity date complies with NRS 688A.3637 .

3. An annuity contract that provides for flexible considerations may have separate surrender charge schedules associated with each consideration.
Nev. Rev. Stat. § 693A.470 — NV Code / Title 57 / Chapter 693A / Section 693A.470
Issuance and notice of final order approving application; issuance and effect of certificate of authority
Status: in_force

1. The Commissioner shall: (a) Enter a final order approving the application to convert to a stock insurer within 10 days after receiving a valid certification from the converting mutual setting forth the vote and certifying that the plan of conversion was approved by not less than two-thirds of the policyholders voting in person or by proxy on the plan of conversion; and (b) Publish notification of the issuance of the final order in a newspaper of general circulation in Carson City and in the county of domicile of the converting mutual if different from Carson City.

2. Except as otherwise provided in NRS 693A.465 , the Commissioner shall issue a certificate of authority to the new stock insurer when the converting mutual files a certificate with the Commissioner stating that all the conditions set forth in the plan of conversion have been satisfied.

3. The conversion is effective upon the issuance of the certificate of authority by the Commissioner.

4. Upon issuance of the certificate of authority, the articles of incorporation of the insurer shall be deemed to be amended in compliance with NRS 692B.030 .
Nev. Rev. Stat. § 685B.120 — NV Code / Title 57 / Chapter 685B / Section 685B.120
Person providing specified coverage; exception
Status: in_force

1. Any person who provides coverage in this State for the cost of: (a) Medical care; (b) Surgery; (c) Chiropractic; (d) Physical therapy; (e) Speech-language pathology; (f) Audiology; (g) Professional care of mental health; (h) Dental care; (i) Hospital care; (j) Ophthalmic care; (k) Naprapathy; or (l) Ambulance services, whether the coverage provides for direct payment, reimbursement or any other method of payment, is subject to regulation by the Division and to the provisions of this Code unless the person shows that while providing such coverage the person is subject to regulation by the Federal Government.

2. A nonprofit corporation that provides prepaid ambulance services is not subject to regulation by the Division or to the provisions of this Code if the corporation presents evidence satisfactory to the Commissioner that the corporation is subject to regulation by a political subdivision of this State pursuant to an exclusive franchise which limits the number of times any such prepaid services may be used to a defined number that are medically necessary.
Nev. Rev. Stat. § 697.205 — NV Code / Title 57 / Chapter 697 / Section 697.205
Exemption from examination: Relicensing within 6 months after lapse of license
Status: in_force

A bail agent, bail enforcement agent or bail solicitor whose license lapses is exempt from retaking the examination otherwise required under NRS 697.200 if he or she applies and is relicensed within 6 months after the date of lapse.
Nev. Rev. Stat. § 695B.180 — NV Code / Title 57 / Chapter 695B / Section 695B.180
Required provisions
Status: in_force

A contract for hospital, medical or dental services must not be entered into between a corporation proposing to furnish or provide any one or more of the services authorized under this chapter and a subscriber:

1. Unless the entire consideration therefor is expressed in the contract.

2. Unless the times at which the benefits or services to the subscriber take effect and terminate are stated in a portion of the contract above the evidence of its execution.

3. If the contract purports to entitle more than one person to benefits or services, except for family contracts issued under NRS 695B.190 , group contracts issued under NRS 695B.200 , and blanket contracts issued under NRS 695B.220 .

4. Unless every printed portion and any endorsement or attached papers are plainly printed in type of which the face is not smaller than 10 points.

5. Except for group contracts and blanket contracts issued under NRS 695B.220 , unless the exceptions of the contract are printed with greater prominence than the benefits to which they apply.

6. Except for group contracts and blanket contracts issued under NRS 695B.230 , unless, if any portion of the contract purports, by reason of the circumstances under which an illness, injury or disablement is incurred to reduce any service to less than that provided for the same illness, injury or disablement incurred under ordinary circumstances, that portion is printed in boldface type and with greater prominence than any other text of the contract.

7. If the contract contains any provisions purporting to make any portion of the charter, constitution or bylaws of a nonprofit corporation a part of the contract unless that portion is set forth in full in the contract.

8. Unless the contract provides benefits for expenses incurred for hospice care.

9. Unless the contract for service in a hospital contains in blackface type, not less than 10 points, the following provisions: This contract does not restrict or interfere with the right of any person entitled to service and care in a hospital to select the contracting hospital or to make a free choice of an attending physician, who must be the holder of a valid and unrevoked physician's license and a member of, or acceptable to, the attending staff and board of directors of the hospital in which the services are to be provided.
Nev. Rev. Stat. § 682A.057 — NV Code / Title 57 / Chapter 682A / Section 682A.057
“Derivative instrument” defined
Status: in_force

1. “ Derivative instrument ” means an agreement, option or instrument, or a series or combination thereof: (a) To make or take delivery of, or assume or relinquish, a specified amount of one or more underlying interests, or to make a cash settlement in lieu thereof; or (b) That has a price, performance, value or cash flow based primarily upon the actual or expected price, level, performance, value or cash flow of one or more underlying interests.

2. The term includes, without limitation, options, warrants used in a hedging transaction and not attached to another financial instrument, caps, floors, collars, swaps, forwards, futures and any other agreements, options or instruments substantially similar thereto, or any series or combination thereof, and any agreements, options or instruments allowed pursuant to the regulations adopted under NRS 682A.388 .

3. The term does not include an investment authorized by NRS 682A.408 to 682A.448 , inclusive, 682A.460 and 682A.518 to 682A.558 , inclusive.
Nev. Rev. Stat. § 689A.060 — NV Code / Title 57 / Chapter 689A / Section 689A.060
Time limit on certain defenses
Status: in_force

There shall be a provision as follows:

Time Limit on Certain Defenses:

1. After 3 years from the date of issue of this policy no misstatements, except fraudulent misstatements, made by the applicant in the application for such policy shall be used to void the policy or to deny a claim for loss incurred or disability (as defined in the policy) commencing after the expiration of such 3-year period.

The foregoing policy provision shall not be so construed as to affect any legal requirement for avoidance of a policy or denial of a claim during such initial 3-year period, nor to limit the application of NRS 689A.200 to 689A.230 , inclusive, in the event of misstatement with respect to age or occupation or other insurance. A policy which the insured has the right to continue in force subject to its terms by the timely payment of the premium until at least age 50 or, in the case of a policy issued after age 44, for at least 5 years from its date of issue, may contain in lieu of the foregoing the following provision (from which the clause in parentheses may be omitted at the insurer's option): “Incontestable: After this policy has been in force for a period of three years during the lifetime of the insured (excluding any period during which the insured is disabled), it shall become incontestable as to the statements contained in the application.”

2. No claim for loss incurred or disability (as defined in the policy) commencing after 3 years from the date of issue of this policy shall be reduced or denied on the ground that a disease or physical condition not excluded from coverage by name or specific description effective on the date of loss had existed prior to the effective date of coverage of this policy.
Nev. Rev. Stat. § 679B.136 — NV Code / Title 57 / Chapter 679B / Section 679B.136
Regulations: Use of electronic signatures; acceptance and transmission of electronic records and payments; electronic filing of forms and payment of fees; storage and reproduction of records
Status: in_force

1. The Commissioner shall adopt regulations governing: (a) The use of electronic signatures, and the acceptance and transmission of electronic records and payments, including transactions involving claims and other transactions relating to insurance; and (b) The electronic filing of forms and payment of fees, and the storage and reproduction of records, filed with the Division.

2. As used in this section: (a) “ Electronic ” means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities. (b) “ Electronic record ” means a record created, generated, sent, communicated, received or stored by electronic means. (c) “ Electronic signature ” means an electronic sound, symbol or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record. (d) “ Record ” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. (e) “ Transaction ” means an action or set of actions occurring between two or more persons relating to the transaction of business, commercial or governmental affairs.
Nev. Rev. Stat. § 681A.370 — NV Code / Title 57 / Chapter 681A / Section 681A.370
“Reinsurer” defined
Status: in_force

“Reinsurer” means a person licensed in this state as an insurer with the authority to assume the liability of another by reinsurance.
Nev. Rev. Stat. § 681B.0065 — NV Code / Title 57 / Chapter 681B / Section 681B.0065
“Tail risk” defined
Status: in_force

“ Tail risk ” means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.
Nev. Rev. Stat. § 682A.157 — NV Code / Title 57 / Chapter 682A / Section 682A.157
“Person” defined
Status: in_force

“ Person ” means an individual, a business entity, a multilateral development bank or a government or quasi-governmental body, including, without limitation, a political subdivision or a government sponsored enterprise.
Nev. Rev. Stat. § 682A.039 — NV Code / Title 57 / Chapter 682A / Section 682A.039
“Collar” defined
Status: in_force

“ Collar ” means an agreement to receive payments as the buyer of an option, cap or floor and to make payments as the seller of a different option, cap or floor.
Nev. Rev. Stat. § 689C.191 — NV Code / Title 57 / Chapter 689C / Section 689C.191
Determination of applicable creditable coverage of person; determining period of creditable coverage of person; required statement for certain election by carrier; applicability
Status: in_force

1. In determining the applicable creditable coverage of a person, a period of creditable coverage must not be included if, after the expiration of that period but before the enrollment date, there was a 63-day period during all of which the person was not covered under any creditable coverage. To establish a period of creditable coverage, an eligible employee must present any certificates of coverage provided to the eligible employee in accordance with NRS 689C.192 and such other evidence of coverage as required by regulations adopted by the Commissioner. For the purposes of this subsection, any waiting period for coverage or an affiliation period must not be considered in determining the applicable period of creditable coverage.

2. In determining the period of creditable coverage of a person, a carrier shall include each applicable period of creditable coverage without regard to the specific benefits covered during that period, except that the carrier may elect to include applicable periods of creditable coverage based on coverage of specific benefits as specified by the United States Department of Health and Human Services by regulation, if such an election is made on a uniform basis for all participants and beneficiaries of the health benefit plan or coverage. Pursuant to such an election, the carrier shall include each applicable period of creditable coverage with respect to any class or category of benefits if any level of benefits is covered within that class or category, as specified by those regulations.

3. Regardless of whether coverage is actually provided, if a carrier elects in accordance with subsection 2 to determine creditable coverage based on specified benefits, a statement that such an election has been made and a description of the effect of the election must be: (a) Included prominently in any disclosure statement concerning the health benefit plan; and (b) Provided to each eligible employee at the time of enrollment in the health benefit plan.

4. The provisions of this section apply only to grandfathered plans.
Nev. Rev. Stat. § 681A.360 — NV Code / Title 57 / Chapter 681A / Section 681A.360
“Reinsured” defined
Status: in_force

“Reinsured” means an insurer that has placed risks with a reinsurer in the process of buying reinsurance. The term includes a ceding insurer.
Nev. Rev. Stat. § 696C.150 — NV Code / Title 57 / Chapter 696C / Section 696C.150
Meetings between Commissioner and administrative supervisor or representative
Status: in_force

Notwithstanding any other provision of law, at the time of any proceeding or during the pendency of any proceeding held pursuant to this chapter, the Commissioner may meet with an administrative supervisor designated by the Commissioner pursuant to subsection 1 of NRS 696C.110 , and with the attorney or other representative of the administrative supervisor designated pursuant to subsection 1 of NRS 696C.110 , without the presence of any other person:

1. To carry out the duties of the Commissioner under this chapter; or

2. To allow the administrative supervisor to carry out his or her duties under this chapter.
Nev. Rev. Stat. § 683A.321 — NV Code / Title 57 / Chapter 683A / Section 683A.321
Appointment of producer as agent of insurer; fees for agents; activities of producer as broker
Status: in_force

1. Except as otherwise provided in NRS 691E.210 , a producer of insurance shall not act as an agent unless he or she is appointed as an agent by the insurer. A producer who is not acting as an agent is a broker who does not need to be appointed.

2. To appoint a producer of insurance as its agent, an insurer must file, in a form approved by the Commissioner, a notice of appointment within 15 days after the contract is executed or the first application for insurance is submitted. An insurer may appoint a producer to act as agent for all or some insurers within its holding company or group by filing a single notice of appointment. A notice of appointment may include several agents.

3. Upon receipt of a notice of appointment, the Commissioner shall determine within 30 days whether the producer of insurance is eligible for appointment. If the producer of insurance is not, the Commissioner shall so notify the insurer within 5 days after the determination is made.

4. An insurer shall pay an appointment fee and remit an annual renewal fee for each producer of insurance appointed as its agent. A payment or remittance may include fees for several agents.

5. A broker shall not place insurance, other than life insurance, health insurance, annuity contracts or coverage written pursuant to the Nonadmitted Insurance Law set forth in chapter 685A of NRS , that covers property or risks within this state unless the broker does so with a licensed agent of an authorized insurer.

6. A producer who is acting as an agent may also act as and be a broker with regard to insurers for which he or she is not acting as an agent. The sole relationship between an insurer and a broker who is appointed as an agent by the insurer as to any transactions arising during the period in which the broker is appointed as an agent is that of insurer and agent, and not insurer and broker.

7. As used in this section: (a) “ Agent ” means a producer of insurance who is compensated by the insurer and sells, solicits or negotiates insurance for the insurer. (b) “ Broker ” means a producer of insurance who: (1) Is not an agent of an insurer; (2) Solicits, negotiates or procures insurance on behalf of an insured or prospective insured; and (3) Does not have the power, by his or her own actions as a broker, to obligate an insurer upon any risk or with reference to any transaction of insurance.
Nev. Rev. Stat. § 694A.030 — NV Code / Title 57 / Chapter 694A / Section 694A.030
Profits realized from certain transactions recoverable by insurer; actions, limitations and exceptions
Status: in_force

1. For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director or officer by reason of his or her relationship to such insurer, any profit realized by the beneficial owner, director or officer from any purchase and sale, or any sale and purchase, of any equity security of such insurer within any period of less than 6 months, unless such security was acquired in good faith in connection with a debt previously contracted, shall inure to and be recoverable by the insurer, irrespective of any intention on the part of such beneficial owner, director or officer in entering into such transaction of holding the security purchased or of not repurchasing the security sold for a period exceeding 6 months.

2. Suit to recover such profit may be instituted at law or in equity in any court of competent jurisdiction by the insurer, or by the owner of any security of the insurer in the name and in behalf of the insurer if the insurer fails or refuses to bring such suit within 60 days after request or fails diligently to prosecute the same thereafter; but no such suit shall be brought more than 2 years after the date such profit was realized.

3. This section shall not be construed to cover any transaction where such beneficial owner was not such both at the time of the purchase and sale, or the sale and purchase, of the security involved, or any transaction or transactions which the Commissioner by rules and regulations may exempt as not comprehended within the purpose of this section.
Nev. Rev. Stat. § 686A.385 — NV Code / Title 57 / Chapter 686A / Section 686A.385
Schedule of rates and charges: Required to be filed with Commissioner for approval; filing of changes; inclusion in schedule required for imposition
Status: in_force

1. A company shall, immediately after it has been issued a license, file with the Commissioner a schedule of rates and charges it intends to use in this state. The schedule must include, and separately identify, any commission which is required to be paid to an agent or broker who completes an agreement. Any change in the schedule must be filed with the Commissioner at least 60 days before the rates become effective.

2. A company may not impose a charge included in an agreement unless the charge is included in the schedule filed with the Commissioner.

3. The Commissioner shall not approve any charge listed in the schedule which is unfairly discriminatory in relation to similar risks.
Nev. Rev. Stat. § 686B.210 — NV Code / Title 57 / Chapter 686B / Section 686B.210
Nevada Essential Insurance Association: Establishment; membership; plan of operation; regulations
Status: in_force

1. If after a hearing the Commissioner determines that a voluntary or mandatory plan would, in the judgment of the Commissioner, fail for any reason to provide essential insurance coverage, the Commissioner may, by regulation, establish a nonprofit unincorporated legal entity to be known as the Nevada Essential Insurance Association. All insurers required to participate pursuant to subsection 3 of NRS 686B.180 shall become members of the Association as a condition of their authority to transact insurance in this state.

2. The Association shall perform its functions under a plan of operation established by regulations promulgated by the Commissioner pursuant to subsection 1 of NRS 686B.180 .
Nev. Rev. Stat. § 689A.0464 — NV Code / Title 57 / Chapter 689A / Section 689A.0464
Policy covering anatomical gifts, organ transplants or treatments or services related to organ transplants: Prohibited acts by insurer if insured is person with disability
Status: in_force

1. An insurer that offers or issues a policy of health insurance that includes coverage for anatomical gifts, organ transplants or treatments or services related to an organ transplant shall not: (a) Deny, limit or seek reimbursement from an insured for care related to an organ transplant because the insured is a person with a disability; (b) Deny a person with a disability eligibility or continued eligibility to enroll or renew coverage to avoid providing coverage in accordance with this section; (c) Reduce or limit the reimbursement of or otherwise penalize a provider of medical or related services because the provider of medical or related services acted in accordance with NRS 460.160 ; or (d) Provide monetary or nonmonetary incentives for a provider of medical or related services to induce the provider of medical or related services to provide care to an insured in a manner inconsistent with NRS 460.160 .

2. As used in this section: (a) “Anatomical gift” has the meaning ascribed to it in NRS 451.513 . (b) “Disability” has the meaning ascribed to it in 42 U.S.C. § 12102(1) . (c) “Provider of medical or related services” has the meaning ascribed to it in NRS 460.160 .
Nev. Rev. Stat. § 687B.080 — NV Code / Title 57 / Chapter 687B / Section 687B.080
Consent of insured to life or health insurance required; exceptions; notice of application for or request to increase coverage of insurance upon life of another required
Status: in_force

1. Except as otherwise provided in subsection 2, no life or health insurance contract upon a person, except a contract of group life insurance or of group or blanket health insurance, may be made or effectuated unless at the time of the making of the contract the person insured, being of competent legal capacity to contract, applies therefor or has consented thereto in writing.

2. The following persons may enter into a contract for life or health insurance upon another person without the insured's written consent: (a) A spouse may effectuate such insurance upon the other spouse. (b) Any person having an insurable interest in the life of a minor, or any person upon whom a minor is dependent for support and maintenance, may effectuate insurance upon the life of or pertaining to the minor. (c) Family policies may be issued insuring any two or more members of a family on an application signed by either parent, a stepparent, a guardian, or by a spouse.

3. An insurer who receives: (a) An application in accordance with subsection 2 for a contract for insurance upon the life of another; or (b) A request to increase the existing coverage upon the life of an insured by a person other than the insured, shall, unless the application or request relates to a contract of group life insurance or of group or blanket health insurance, cause notice of the application or request to be mailed to the insured at the home or business of the insured within 48 hours after receiving the application or request.
Nev. Rev. Stat. § 690B.028 — NV Code / Title 57 / Chapter 690B / Section 690B.028
Insurer prohibited from taking adverse action because of violation of speed limit in certain cases
Status: in_force

An insurer shall not impose on an insured or group of insured an increase in rates for motor vehicle insurance because of a conviction or a finding by a juvenile court of a violation of the speed limit under the circumstances described in subsection 1 of NRS 484B.617 , nor shall an insurer cancel or refuse to renew a policy of insurance for that reason.
Nev. Rev. Stat. § 693A.550 — NV Code / Title 57 / Chapter 693A / Section 693A.550
Definitions
Status: in_force

As used in NRS 693A.550 to 693A.665 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 693A.555 to 693A.570 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 695C.317 — NV Code / Title 57 / Chapter 695C / Section 695C.317
Procedures required for examination and hearing
Status: in_force

The Commissioner shall use the procedures required by:

1. NRS 679B.230 to 679B.290 , inclusive, when conducting an examination of a health maintenance organization.

2. NRS 679B.310 to 679B.370 , inclusive, when conducting a hearing involving a health maintenance organization.
Nev. Rev. Stat. § 692A.240 — NV Code / Title 57 / Chapter 692A / Section 692A.240
License as title insurer, title agent, escrow officer, escrow agent or escrow agency required to engage in business of administering escrows
Status: in_force

It is unlawful for any person to engage in or carry on, or hold himself or herself out as engaging in or carrying on, the business of administering escrows without first obtaining a license as a title insurer, title agent or escrow officer issued pursuant to this title or as an escrow agent or escrow agency issued pursuant to chapter 645A of NRS .
Nev. Rev. Stat. § 689C.083 — NV Code / Title 57 / Chapter 689C / Section 689C.083
“Producer” defined
Status: in_force

“ Producer ” means an agent or broker licensed pursuant to this title.
Nev. Rev. Stat. § 695B.259 — NV Code / Title 57 / Chapter 695B / Section 695B.259
Continuation of identical coverage in lieu of converted contract
Status: in_force

The medical service corporation may continue coverage identical to that provided under the group contract instead of issuing a converted contract. Coverage may be offered by amending the group certificate or by issuing an individual contract and must otherwise comply with every requirement of NRS 695B.251 to 695B.259 , inclusive.
Nev. Rev. Stat. § 695C.090 — NV Code / Title 57 / Chapter 695C / Section 695C.090
Certificate of authority: Issuance
Status: in_force

The Commissioner shall issue or deny a certificate of authority to any person filing an application pursuant to NRS 695C.060 within 90 days after certification. Issuance of a certificate of authority must be granted upon payment of the fees prescribed in NRS 695C.230 if the Commissioner is satisfied that the following conditions are met:

1. The persons responsible for the conduct of the affairs of the applicant are competent, trustworthy and possess good reputations.

2. The Commissioner certifies, in accordance with NRS 695C.080 , that the health maintenance organization's proposed plan of operation meets the requirements of subsection 1 of NRS 695C.080 .

3. The health care plan furnishes comprehensive health care services.

4. The health maintenance organization is financially responsible and may reasonably be expected to meet its obligations to enrollees and prospective enrollees. In making this determination, the Commissioner may consider: (a) The financial soundness of the health care plan's arrangements for health care services and the schedule of charges used in connection therewith; (b) The adequacy of working capital; (c) Any agreement with an insurer, a government, or any other organization for insuring the payment of the cost of health care services; (d) Any agreement with providers for the provision of health care services; and (e) Any surety bond or deposit of cash or securities submitted in accordance with NRS 695C.270 as a guarantee that the obligations will be duly performed.

5. The enrollees will be afforded an opportunity to participate in matters of program content pursuant to NRS 695C.110 .

6. Nothing in the proposed method of operation, as shown by the information submitted pursuant to NRS 695C.060 , 695C.070 and 695C.140 , or by independent investigation is contrary to the public interest.
Nev. Rev. Stat. § 695G.100 — NV Code / Title 57 / Chapter 695G / Section 695G.100
Documents filed with Commissioner treated as public record; exception
Status: in_force

Any document required to be filed with the Commissioner pursuant to this chapter, other than medical records and other information relating to a specific insured, must be treated as a public record.
Nev. Rev. Stat. § 691C.340 — NV Code / Title 57 / Chapter 691C / Section 691C.340
Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations
Status: in_force

The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 691C.320 . In establishing such rates, the Commissioner shall consider and apply the following factors:

1. Actual and expected loss experience;

2. General and administrative expenses;

3. Loss settlement and adjustment expenses;

4. Reasonable creditor compensation;

5. The manner in which premiums are charged;

6. Other acquisition costs;

7. Reserves;

8. Taxes;

9. Regulatory license fees and fund assessments;

10. Reasonable insurer profit; and

11. Other relevant data consistent with generally accepted actuarial standards.
Nev. Rev. Stat. § 696B.400 — NV Code / Title 57 / Chapter 696B / Section 696B.400
Date rights fixed on liquidation
Status: in_force

The rights and liabilities of the insurer and of its creditors, policyholders, stockholders, members, subscribers and all other persons interested in its estate shall, unless otherwise directed by the court, be fixed as of the date on which the order directing the liquidation of the insurer is filed in the office of the clerk of the court which made the order, subject to the provisions of this chapter with respect to the rights of claimants holding contingent claims.
Nev. Rev. Stat. § 679B.340 — NV Code / Title 57 / Chapter 679B / Section 679B.340
Witnesses and evidence; penalties
Status: in_force

1. The Commissioner or any individual conducting a hearing, examination or investigation by the authority of the Commissioner shall have power to subpoena witnesses, compel their attendance, administer oaths, examine any person under oath relative to the subject of the hearing, examination or investigation, and to compel any person to subscribe to his or her testimony after it has been correctly reduced to writing, and, in connection therewith, to require the production of any books, papers, records, correspondence or other documents which the Commissioner or the individual conducting the hearing, examination or investigation deems relevant to the inquiry. Any delegation by the Commissioner of the power to administer oaths or of subpoena shall be in writing.

2. A subpoena issued pursuant to this section shall have the same force and effect and shall be served in the same manner as if issued from a court of record.

3. If any individual fails to obey a subpoena, or refuses to testify as to any matter concerning which he or she may lawfully be interrogated, the Commissioner may file a written report thereof and proof of service of the subpoena in any court of competent jurisdiction in the county where the examination or hearing is being conducted, for such action as the court may determine.

4. Witness fees and mileage, if claimed, shall be allowed the same as for testimony in a court of record, but no officer, director, agent or employee of an insurer or person being examined or investigated shall be entitled to witness or mileage fees.

5. Every person subpoenaed under this section who willfully fails to appear at the time and place named in the subpoena or to produce documents required by the subpoena, or who refuses to be sworn or answer as a witness, is guilty of a misdemeanor.
Nev. Rev. Stat. § 687B.187 — NV Code / Title 57 / Chapter 687B / Section 687B.187
Binders: Disapproval of insurer
Status: in_force

NRS 687B.182 to 687B.187 , inclusive, do not prevent the exercise of a right to disapprove of the insurer or its representative on the basis of:

1. The adequacy and terms of the coverage with respect to the interest of the vendor, lender, lessor or other person providing a service to the insured;

2. The financial standards to be met by the insurer; or

3. The ability of the insurer or its representative to service the policy.
Nev. Rev. Stat. § 687B.330 — NV Code / Title 57 / Chapter 687B / Section 687B.330
Anniversary cancellation
Status: in_force

A policy issued for a term longer than 1 year may be cancelled by the insurer by giving notice of the cancellation:

1. For commercial or business policies, 60 days before any anniversary date of the policy.

2. For all other policies, 30 days before any anniversary date of the policy.
Nev. Rev. Stat. § 689A.220 — NV Code / Title 57 / Chapter 689A / Section 689A.220
Coordination of benefits: Same insurer
Status: in_force

There may be a provision as follows:

If an accident or sickness or accident and sickness policy or policies previously issued by the insurer to the insured be in force concurrently herewith, making the aggregate indemnity for ________________ (insert type of coverage or coverages) in excess of $ _____ (insert maximum limit of indemnity or indemnities), the excess shall be void and all premiums paid for such excess shall be returned to the insured or to the estate of the insured.

Or, in lieu thereof:

Insurance effective at any one time on the insured under this policy and like policy or policies in this insurer is limited to the one policy elected by the insured or the beneficiary or estate of the insured, as the case may be, and the insurer will return all premiums paid for all other such policies.
Nev. Rev. Stat. § 687B.4095 — NV Code / Title 57 / Chapter 687B / Section 687B.4095
Policies of health insurance including prescription drug coverage: Restrictions on moving prescription drug from lower-cost tier to higher-cost tier
Status: in_force

1. If a policy of health insurance issued to an individual pursuant to chapter 689A, 695B or 695C of NRS includes coverage for a prescription drug pursuant to a formulary with more than one cost tier, the insurer may move the prescription drug from a lower cost tier to a higher cost tier only: (a) On January 1; and (b) On any date on which the insurer adds to the formulary a generic prescription drug that: (1) Has been approved by the Food and Drug Administration for use as an alternative to the original prescription drug; and (2) Is being added to the formulary at: (I) The same cost tier from which the original prescription drug is being moved; or (II) A cost tier which has a smaller deductible, copayment or coinsurance than the cost tier from which the original prescription drug is being moved.

2. If a policy of health insurance issued to a small employer pursuant to chapter 689C, 695B or 695C of NRS includes coverage for a prescription drug pursuant to a formulary with more than one cost tier, the insurer may move the prescription drug from a lower cost tier to a higher cost tier only: (a) On January 1; (b) On July 1; and (c) On any date on which the insurer adds to the formulary a generic prescription drug that: (1) Has been approved by the Food and Drug Administration for use as an alternative to the original prescription drug; and (2) Is being added to the formulary at: (I) The same cost tier from which the original prescription drug is being moved; or (II) A cost tier which has a smaller deductible, copayment or coinsurance than the cost tier from which the original prescription drug is being moved.

3. An insurer who issues a policy of health insurance described in subsection 1 or 2 and who removes a prescription drug from a formulary shall not, in the same plan year in which the prescription drug was removed, add the prescription drug back to the formulary in a higher cost tier except in accordance with the provisions of subsection 1 or 2, as applicable.

4. Except as otherwise provided in subsection 3, the provisions of this section do not prevent an insurer, at any time, from: (a) Moving a prescription drug from a higher cost tier of a formulary to a lower cost tier of the formulary; (b) Removing a prescription drug from a formulary; or (c) Adding a prescription drug to a formulary.

5. This section does not apply to a grandfathered plan.

6. The provisions of this section must not be construed to limit the conditions under which a pharmacist is otherwise authorized or required by law to substitute: (a) A generic drug for a drug prescribed by brand name; or (b) An interchangeable biological product for a biological product prescribed by brand name.

7. As used in this section: (a) “ Biological product ” has the meaning ascribed to it in NRS 639.0017 . (b) “ Individual carrier ” has the meaning ascribed to it in NRS 689A.550 . (c) “ Insurer ” includes, without limitation: (1) An individual carrier; and (2) A governmental entity which offers, administers or otherwise provides a policy of health insurance. (d) “ Interchangeable biological product ” has the meaning ascribed to it in NRS 639.00855 . (e) “ Small employer ” has the meaning ascribed to it in NRS 689C.095 .
Nev. Rev. Stat. § 694B.160 — NV Code / Title 57 / Chapter 694B / Section 694B.160
Persons eligible to be subscribers
Status: in_force

1. Individuals, partnerships and corporations of this state may make application, enter into an agreement for and hold policies or contracts in or with and be a subscriber of any domestic, foreign or alien reciprocal insurer. Any corporation organized under the laws of this state before, on or after January 1, 1972, in addition to the rights, powers and franchises specified in its articles of incorporation, has full power and authority as a subscriber to exchange insurance contracts through such a reciprocal insurer. The right to exchange such contracts is hereby declared to be incidental to the purposes for which such corporations are organized and to be as fully granted as the rights and powers expressly conferred upon such corporations.

2. Government or governmental agencies, a state or political subdivisions thereof, boards, associations, estates, trustees or fiduciaries are authorized to exchange nonassessable reciprocal interinsurance contracts with each other and with individuals, partnerships and corporations to the same extent that individuals, partnerships and corporations are authorized in this chapter to exchange reciprocal interinsurance contracts.

3. Any officer, representative, trustee, receiver or legal representative of any such subscriber must be recognized as acting for or on its behalf for the purpose of such a contract but may not be personally liable upon the contract by reason of acting in such a representative capacity.
Nev. Rev. Stat. § 687A.010 — NV Code / Title 57 / Chapter 687A / Section 687A.010
Short title
Status: in_force

This chapter shall be known and may be cited as the Nevada Insurance Guaranty Association Act.
Nev. Rev. Stat. § 697.177 — NV Code / Title 57 / Chapter 697 / Section 697.177
Bail enforcement agent: Basic course of training; temporary license
Status: in_force

1. Except as otherwise provided in this section, an applicant for a license as a bail enforcement agent must satisfactorily complete a basic course of training for bail enforcement agents that is approved by the Commissioner.

2. The basic course of training must consist of at least 80 hours of training which includes instruction in: (a) The following areas of the law: (1) Constitutional law; (2) Procedures for arresting defendants and surrendering defendants into custody; (3) Civil liability; (4) The civil rights of persons who are detained in custody; (5) The use of force; and (6) The history and principles of bail; (b) Procedures for field operations, including, without limitation: (1) Safety and survival techniques; (2) Searching buildings; (3) Handling persons with mental illness or who are under the influence of alcohol or a controlled substance; and (4) The care and custody of prisoners; (c) The skills required of bail enforcement agents, including, without limitation: (1) Writing reports, completing forms and procedures for exoneration; (2) Methods of arrest; (3) Nonlethal weapons; (4) The retention of weapons; (5) Qualifications for the use of firearms; and (6) Defensive tactics; (d) Principles of investigation, including, without limitation: (1) The basic principles of locating defendants who have not complied with the terms and conditions established by a court for their release from custody or the terms and conditions of a contract entered into with a surety; and (2) Ethics; and (e) The following subjects: (1) Demeanor in a courtroom; (2) First aid used in emergencies; and (3) Cardiopulmonary resuscitation. An applicant may complete the 80 hours of training required by this subsection by completing 16 hours of training each weekend for 5 weeks.

3. In lieu of completing the basic course of training required by subsection 1, an applicant may submit proof to the Commissioner that the applicant has completed a course of training required by a municipal, state or federal law enforcement agency or a branch of the Armed Forces to carry out the duties of a peace officer.

4. An applicant for a license as a bail enforcement agent must complete the training required by this section within 9 months after the date the applicant is employed by a bail agent as a bail enforcement agent. The Commissioner shall issue a temporary license to an applicant who has not completed the training if the applicant is otherwise qualified to be issued a license as a bail enforcement agent. The temporary license: (a) Authorizes the person to whom it is issued to act as a bail enforcement agent while employed by a licensed bail agent. (b) Is valid for 9 months or until the person to whom it is issued completes the training required by this section, whichever occurs first. (c) May not be renewed.
Nev. Rev. Stat. § 695C.325 — NV Code / Title 57 / Chapter 695C / Section 695C.325
Offering health care plan to certain small employers for purposes of establishing medical savings accounts
Status: in_force

A health maintenance organization may offer to a small employer who has not less than 2 and not more than 50 employees, a health care plan that has a high deductible and that is in compliance with 26 U.S.C. § 220 for the purposes of establishing medical savings accounts for any person insured by the health care plan.
Nev. Rev. Stat. § 692C.085 — NV Code / Title 57 / Chapter 692C / Section 692C.085
“Scope Criteria” defined
Status: in_force

“ Scope Criteria ” means, as detailed in the NAIC Liquidity Stress Test Framework, the designated exposure bases along with minimum magnitudes thereof for the specified data year, used to establish a preliminary list of insurers considered scoped into the NAIC Liquidity Stress Test Framework for that data year.
Nev. Rev. Stat. § 696A.100 — NV Code / Title 57 / Chapter 696A / Section 696A.100
Persons authorized to sue on bond
Status: in_force

If such bond or evidence that such bond is filed in another state is filed, any person defrauded or injured by any wrongful act, misrepresentation or failure on the part of a motor club with respect to the selling or rendering of any of its services may bring suit on such bond in the person’s own name; but the aggregate liability of the surety for all such suits shall, in no event, exceed the sum of such bond.
Nev. Rev. Stat. § 688C.214 — NV Code / Title 57 / Chapter 688C / Section 688C.214
Action by Commissioner against producer of life insurance for violation or acting in bad faith regarding viator; application for hearing
Status: in_force

1. If the Commissioner finds that a producer of life insurance has violated a provision of this chapter or other applicable provisions or has acted in bad faith with regard to a viator, the Commissioner may: (a) Refuse to: (1) Issue a license to the producer of life insurance; or (2) Renew a license of the producer of life insurance; (b) Suspend the producer of life insurance for a period not to exceed 12 months; or (c) Place the producer of life insurance on probation.

2. If the Commissioner takes action as described in paragraph (a), (b) or (c) of subsection 1, the producer of life insurance may apply in writing for a hearing before the Commissioner to determine the reasonableness of the action taken by the Commissioner, pursuant to the provisions of NRS 679B.310 to 679B.370 , inclusive.