reglab/housing_qa huggingface dataset:
NV Rev Stat § 680B.0355 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.0355 - Insurer to provide statement to insureds if portion of premium is attributable to general premium tax, fees or assessments under certain circumstances.

  1. If an insurer includes any portion of the general premium tax which the insurer is required to pay pursuant to NRS 680B.027 in the amount billed to its insureds for the premium for insurance, the insurer shall provide with each notice of renewal sent to its insureds a statement that a portion of the premium is attributable to the general premium tax.  2. If an insurer includes any portion of any annual fees or assessments that it is required to pay to the State of Nevada in the amount billed to its insureds for the premium for insurance, the insurer may provide with each notice of renewal sent to its insureds a statement that a portion of the premium is attributable to the annual fees or assessments that it is required to pay to the State of Nevada.  (Added to NRS by 1999, 816)
NV Rev Stat § 680B.036 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.036 - General tax on premiums: Credit for policies of industrial insurance.

  1. Each insurer providing industrial insurance in this state pursuant to chapters 616A to 617, inclusive, of NRS is entitled to a credit against the premium tax paid pursuant to NRS 680B.027 for its policies of industrial insurance in an amount equal to the assessment paid by the insurer to the Division of Industrial Relations of the Department of Business and Industry pursuant to NRS 232.680.  2. The credit provided to an insurer pursuant to subsection 1 does not expire and the insurer may carry forward any unused amount of the credit into subsequent years until the entire amount of the credit is used.  (Added to NRS by 1995, 2049; A 2013, 2642)
NV Rev Stat § 680B.0365 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.0365 - General tax on premiums: Credit for qualified equity investments.

Each insurer that makes a qualified equity investment, as defined in NRS 231A.130, or is allocated a credit pursuant to NRS 231A.210 is entitled to a credit against the premium tax in the manner provided in NRS 231A.200.  (Added to NRS by 2013, 3455)
NV Rev Stat § 680B.037 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.037 - General tax on premiums: Tax in lieu of other taxes; exception.

  1. Except as otherwise provided in subsection 2, payment by an insurer of the tax imposed by NRS 680B.027 is in lieu of all taxes imposed by the State or any city, town or county upon premiums or upon income of insurers and of franchise, privilege or other taxes measured by income of the insurer.  2. The provisions of subsection 1 do not apply to the commerce tax imposed pursuant to the provisions of chapter 363C of NRS.  (Added to NRS by 1983, 713; A 2015, 2950)
NV Rev Stat § 680B.039 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.039 - General tax on premiums: Penalty.

Any insurer that fails to file the report or pay the tax as required by NRS 680B.025 to 680B.039, inclusive, within the time for filing and payment as provided in those sections shall in addition to any other applicable penalty pay a penalty of not more than 10 percent of the amount of the tax which is owed, as determined by the Department of Taxation, in addition to the tax, plus interest at the rate of 1.5 percent per month, or fraction of a month, from the date on which the tax should have been paid until the date of payment.  (Added to NRS by 1983, 713; A 1993, 1910; 1995, 469; 1997, 299; 2013, 3456)
NV Rev Stat § 680B.0395 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.0395 - General tax on premiums: Exemption for authorized reinsurer.

An insurer who holds a certificate of authority as a reinsurer is exempt from the requirements of NRS 680B.025 to 680B.039, inclusive.  (Added to NRS by 1987, 644; A 1995, 470; 1997, 299; 2013, 3456)
NV Rev Stat § 680B.055 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.055 - General tax on premiums: Eligibility for credit where home office or regional home office owned by limited partnership; proportion of ad valorem tax qualified for credit. [Effective through December 31, 2020.]

  1. For the purposes of eligibility for the credit provided by NRS 680B.050, if an insurer is a partner, general or limited, in a limited partnership which owns a building used by the insurer as its home office or a regional home office, the insurer shall be deemed to own the building so used if:  (a) The insurer’s proportionate interest in the partnership is equal to or greater than the proportion which the floor area of the building or portion thereof so used bears to the total floor area of the buildings on the contiguous real property owned by the partnership at the location of the building so used; or  (b) The insurer’s interest in the partnership is 50 percent or more.  2. The ad valorem tax paid by the insurer shall be deemed to be that proportion of the total ad valorem tax paid by the partnership upon its contiguous real property at the location of the building which the floor area of the building so used bears to the total floor area of the buildings on the contiguous real property.  (Added to NRS by 1987, 1430; R 2014, 28th Special Session, 3, effective January 1, 2021)
NV Rev Stat § 680B.060 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.060 - General tax on premiums: Collection; credit; payment under protest; deposit of taxes collected which are attributable to industrial insurance.

  1. The taxes imposed under NRS 680B.027 must be collected by the Department of Taxation and promptly deposited with the State Treasurer for credit to the State General Fund.  2. If the tax is not paid by the insurer on or before the date required for payment, the tax then becomes delinquent, and payment thereof may be enforced by court action instituted on behalf of the State by the Attorney General. The Attorney General may employ additional counsel in the city where the home office of the insurer is located, subject to the approval of compensation for such services by the State Board of Examiners. The administrative and substantive enforcement provisions of chapters 360 and 372 of NRS apply to the enforcement of the taxes imposed under NRS 680B.027.  3. Upon the tax becoming delinquent, the Executive Director of the Department of Taxation shall notify the Commissioner, who shall suspend or revoke the insurer’s certificate of authority pursuant to NRS 680A.190.  4. If a dispute arises between an insurer and the State as to the amount of tax, if any, payable, the insurer is entitled to pay under protest the tax in the amount assessed by the Department of Taxation, without waiving or otherwise affecting any right of the insurer to recover any amount determined, through appropriate legal action taken by the insurer against the Department of Taxation, to have been in excess of the amount of tax lawfully payable.  5. Except as otherwise provided in NRS 680C.110, all taxes, fees, licenses, fines and charges collected under this Code, including the general premium tax provided for under NRS 680B.027 and as increased in any instances pursuant to NRS 680A.330, must be promptly deposited with the State Treasurer for credit to the State General Fund.  (Added to NRS by 1971, 1598; A 1983, 716; 1993, 1912; 1995, 2166; 1997, 1449; 1999, 444, 1830; 2009, 1769)
NV Rev Stat § 680B.120 (2021)
2021 Nevada Revised Statutes|Chapter 680B - Fees and Taxes|NRS 680B.120 - Refund of overpayments.

  1. Any person from whom fees, charges or taxes imposed by this Code have been erroneously collected may apply for refund at any time within 1 year after the date such fees, charges or taxes were originally required to be paid or within 30 days after the date of payment of any additional tax, charge or fee.  2. If the amount of taxes, charges or fees due are found to be less than the amount paid, either by examination of the return or by allowance of a claim for overpayment filed by the payer, then upon presentation of proper vouchers, the State Controller shall issue warrants upon the appropriate fund and the State Treasurer shall pay them out of the money credited to that fund.  3. Whenever such a refund is found to be due an insurer, the Executive Director of the Department of Taxation, in lieu of preparing the proper vouchers for a cash refund, may authorize the insurer to credit the amount of the refund against the premium tax payable by it under NRS 680B.027 in the next following calendar year.  4. No cash refund may be made unless the amount to be so refunded is $10 or more.  5. Claims for refund pursuant to this section must be submitted:  (a) In the case of refunds of taxes payable to the Department of Taxation, to the Executive Director of the Department of Taxation.  (b) In the case of refunds of taxes, fees or charges payable to the Commissioner, to the Commissioner.  (Added to NRS by 1971, 1600; A 1983, 717; 1993, 1913)
NV Rev Stat § 680C.100 (2021)
2021 Nevada Revised Statutes|Chapter 680C - Fund for Insurance Administration and Enforcement|NRS 680C.100 - Creation; use; investment.

  1. The Fund for Insurance Administration and Enforcement is hereby created in the State Treasury as an enterprise fund.  2. The Fund must be used solely for the administration and enforcement of the Code and other laws and regulations enforced by the Division.  3. The State Treasurer shall invest the money in the Fund in the same manner and in the same securities in which he or she is authorized to invest state general funds that are in his or her custody. Income realized from the investment of the assets of the Fund must be credited to the Fund.  4. The money in each account within the Fund may not be used for any purpose other than that provided by law for that account.  (Added to NRS by 2009, 1761; A 2011, 982)
NV Rev Stat § 681A.010 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.010 - Definitions not mutually exclusive.

  1. As used in this Code, unless the context otherwise requires, the words and terms defined in NRS 681A.020 to 681A.080, inclusive, have the meanings ascribed to them in those sections.  2. It is intended that certain insurance coverages may come within the definitions of two or more kinds of insurance as defined in this chapter, and the inclusion of such coverage within one definition shall not exclude it as to any other kind of insurance within the definition of which such coverage is likewise reasonably includable.  (Added to NRS by 1971, 1601; A 2009, 3043)
NV Rev Stat § 681A.022 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.022 - "Continuous care coverage" defined.

Continuous care coverage is the issuance of a policy of insurance for workers’ compensation, as described in paragraph (c) of subsection 1 of NRS 681A.020, issued jointly with and supplemental to a policy for health insurance, as defined in NRS 681A.030, by one or more insurers covering the same employer for the same policy period.  (Added to NRS by 2009, 3043; A 2011, 3352)
NV Rev Stat § 681A.030 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.030 - "Health insurance" defined.

Health insurance is insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto, together with provisions operating to safeguard contracts of health insurance against lapse in the event of strike or layoff due to labor disputes.  (Added to NRS by 1971, 1603)
NV Rev Stat § 681A.040 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.040 - "Life insurance" defined.

  1. "Life insurance" is insurance on human lives. The transaction of life insurance includes the granting of endowment benefits, additional incidental benefits in the event of death or dismemberment by accident or accidental means, additional incidental benefits in the event of the insured’s disability, optional modes of settlement of proceeds of life insurance, and provisions operating to safeguard contracts of life insurance against lapse.  2. The term includes a policy of life insurance which incorporates long-term care insurance if the policy of life insurance may incorporate the long-term care insurance pursuant to NRS 688A.440.  (Added to NRS by 1971, 1603; A 2011, 3353)
NV Rev Stat § 681A.060 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.060 - "Property insurance" defined.

  1. "Property insurance" is insurance on real or personal property of every kind and of every interest therein against loss or damage from any and all hazards or causes, and against loss consequential upon such loss or damage, other than noncontractual legal liability for any such loss or damage.  2. Property insurance does not include title insurance, as defined in NRS 681A.080.  (Added to NRS by 1971, 1604)
NV Rev Stat § 681A.070 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.070 - "Surety insurance" defined.

Surety insurance includes:  1. Fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions of public or private trust.  2. Insurance guaranteeing the performance of contracts, other than insurance policies, and guaranteeing and executing bonds, undertakings and contracts of suretyship.  3. Insurance indemnifying banks, bankers, brokers, financial or moneyed corporations or associations against loss, resulting from any cause, of bills of exchange, notes, bonds, securities, evidences of debt, deeds, mortgages, warehouse receipts or other valuable papers, documents, money, precious metals and articles made therefrom, jewelry, watches, gems, precious and semiprecious stones, including any loss while the same are being transported in armored motor vehicles, or by messenger, but not including any other risks of transportation or navigation, and also insurance against loss or damage to such an insured’s premises or to the insured’s furnishings, fixtures, equipment, safes and vaults therein, caused by burglary, robbery, theft, vandalism or malicious mischief, or any attempt thereat.  4. Financial guaranty insurance, which is insurance or bonding that guarantees the payment of the principal and interest on a security if the issuer of the security defaults in the payment of the principal or interest. Financial guaranty insurance does not include coverage for items described in subsection 3.  (Added to NRS by 1971, 1604; A 1991, 2030)
NV Rev Stat § 681A.080 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.080 - "Title insurance" defined.

Title insurance means insuring, guaranteeing or indemnifying owners of property or holders of liens, encumbrances or security interests on the property, and others interested therein, against loss or damage suffered by reason of:  1. Liens, encumbrances, security interests and defects in, or the unmarketability of, the title to the property; or  2. Invalidity or unenforceability of liens, encumbrances or security interests on the property,  and any other activity substantially equivalent to these activities.  (Added to NRS by 1971, 1605; A 1977, 984)
NV Rev Stat § 681A.090 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.090 - Multiple line insurers.

A multiple line insurer may transact:  1. Any two or more kinds of insurance, as defined in NRS 681A.020, 681A.030, 681A.050, 681A.060, 681A.070 and 681A.080 (casualty, health, marine and transportation, property, surety and title insurance), but a title insurer must be a stock insurer.  2. Life insurance if so authorized pursuant to subsection 1 of NRS 680A.110 (combinations of insuring powers).  (Added to NRS by 1971, 1605)
NV Rev Stat § 681A.095 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.095 - Insurance against legal liability for exemplary or punitive damages.

An insurer may insure against legal liability for exemplary or punitive damages that do not arise from a wrongful act of the insured committed with the intent to cause injury to another.  (Added to NRS by 1995, 2671)
NV Rev Stat § 681A.100 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.100 - Amount of risk that insurer may retain; method for determining risk; applicability.

  1. Except as otherwise provided for domestic mutual insurers in NRS 692B.200, an insurer shall not retain any risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding 10 percent of its surplus to policyholders.  2. A "subject of insurance" for the purposes of this section, as to insurance against fire and hazard other than windstorm, earthquake and other catastrophic hazards, includes all properties insured by the same insurer which are customarily considered by underwriters to be subject to loss or damage from the same fire or the same occurrence of any other hazard insured against.  3. Reinsurance ceded as authorized by NRS 681A.110 must be deducted in determining the risk retained, except that as to surety risks, reinsurance must be allowed as a deduction only if the reinsurance is with an insurer authorized to transact that insurance in this state, and is in such form as to enable the obligee or beneficiary to maintain an action thereon against the reinsured jointly with the reinsurer, and upon recovering judgment against the reinsured, to have recovery against the reinsurer for payment to the extent to which it may be liable under the reinsurance and in discharge thereof. As to surety risks, deduction must also be made of the amount assumed by any authorized cosurety and the value of any security deposited, pledged or held subject to the surety’s consent and for the surety’s protection.  4. As to alien insurers, this section relates only to risks and surplus to policyholders of the insurer’s branch in the United States.  5. "Surplus to policyholders" for the purposes of this section, in addition to the insurer’s capital and surplus, includes any voluntary reserves which are not required pursuant to law, and must be determined from the last sworn statement of the insurer on file with the Commissioner, or by the last report of examination of the insurer, whichever is the more recent at time of assumption of risk.  6. This section does not apply to life or health insurance, annuities, title insurance, insurance of wet marine and transportation risks, workers’ compensation insurance, financial guaranty insurance, or to any policy or type of coverage as to which the maximum possible loss to the insurer is not readily ascertainable on issuance of the policy.  (Added to NRS by 1971, 1605; A 1977, 620; 1993, 2385; 1995, 1767)
NV Rev Stat § 681A.110 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.110 - Reinsurance authorized for all or part of risk; requirements for reinsurance with unauthorized insurer.

An insurer may reinsure all or any part of an individual risk or of a particular class of risks in any other insurer or, with the approval of the Commissioner, all its risks in an authorized insurer, or may accept such reinsurance from any other insurer. No domestic insurer may reinsure with an insurer which is not authorized to transact insurance or reinsurance unless:  1. The domestic insurer has the Commissioner’s written approval; or  2. The insurer accepting the reinsurance meets the requirements for credit provided in NRS 681A.150 to 681A.190, inclusive.  (Added to NRS by 1971, 1606; A 1983, 432; 1987, 648; 1991, 254; 1993, 2386; 1995, 1767)
NV Rev Stat § 681A.120 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.120 - Cancellation or material changes in treaties or arrangements for reinsurance.

An insurer shall promptly inform the Commissioner in writing of the cancellation or any other material change in any of its treaties or arrangements for reinsurance.  (Added to NRS by 1995, 1759)
NV Rev Stat § 681A.130 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.130 - Regulations.

The Commissioner may adopt regulations to carry out the provisions of NRS 681A.110 to 681A.560, inclusive.  (Added to NRS by 1995, 1759; A 2015, 3384)
NV Rev Stat § 681A.140 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.140 - "Qualified financial institution in the United States" defined.

As used in NRS 681A.140 to 681A.240, inclusive, "qualified financial institution in the United States" means an institution that:  1. Is organized, or in the case of a branch or agency of a foreign banking organization in the United States licensed, under the laws of the United States or any state thereof and has been granted authority to operate with fiduciary powers;  2. Is regulated, supervised and examined by federal or state authorities having regulatory authority over banks and trust companies;  3. Is determined:  (a) By the Commissioner to meet the standards of financial condition and standing prescribed by the Commissioner; or  (b) By the National Association of Insurance Commissioners to meet the standards of financial condition and standing prescribed by the National Association of Insurance Commissioners; and  4. Is determined by the Commissioner to be otherwise acceptable.  (Added to NRS by 1995, 1756; A 2013, 3351; 2015, 3385; 2017, 2336)
NV Rev Stat § 681A.145 (2021)
2021 Nevada Revised Statutes|Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance|NRS 681A.145 - Arrangements for reinsurance relating to life and health insurance and annuity products: Regulations; use of Valuation Manual; applicability to certain cessions.

  1. The Commissioner may adopt regulations applicable to arrangements for reinsurance relating to:  (a) Life insurance policies with guaranteed non-level gross premiums or guaranteed non-level benefits;  (b) Universal life insurance policies with provisions resulting in the ability of a policyholder to keep a policy in force over a secondary guarantee period;  (c) Variable annuities with guaranteed death or living benefits;  (d) Policies for long-term care insurance; or  (e) Such other life and health insurance and annuity products as to which the National Association of Insurance Commissioners adopts model regulatory requirements with respect to credit for reinsurance.  2. A regulation adopted pursuant to this section may require the ceding insurer, in calculating the amounts or forms of security required to be held pursuant to regulations adopted pursuant to this section, to use the Valuation Manual, as defined in NRS 681B.0071, which is in effect on the date as of which the calculation is made, to the extent applicable.  3. A regulation adopted pursuant to this section must not apply to a cession to an assuming insurer that:  (a) Is certified in this State or, if this State has not adopted regulations which provide for an assuming insurer to satisfy the requirements of NRS 681A.155 for credit to be allowed, certified in a minimum of five other states; or  (b) Maintains at least $250,000,000 in capital and surplus when determined in accordance with the Accounting Practices and Procedures Manual adopted by the National Association of Insurance Commissioners, as amended, excluding the impact of any permitted or prescribed practices, and:  (1) Is licensed in at least 26 states; or  (2) Is licensed in at least 10 states, and licensed or accredited in at least 35 states.  (Added to NRS by 2017, 2335)