reglab/housing_qa huggingface dataset:
NV Rev Stat § 687B.040 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.040 - Insurable interest: Personal insurance.

  1. Any natural person of competent legal capacity may procure or effect an insurance contract upon his or her own life or body for the benefit of any person. But a person shall not procure or cause to be procured any insurance contract upon the life or body of another individual unless the benefits under the contract are payable to the person insured or the personal representatives of the person insured, or to a person having, at the time when the contract was made, an insurable interest in the person insured.  2. A trust shall not procure, cause to be procured or hold an insurance contract upon the life of a person unless each beneficiary of the trust:  (a) Has an insurable interest in the person insured; or  (b) Is a charitable, benevolent, educational or religious institution, or an agency thereof, and is designated irrevocably as a beneficiary of the trust.  3. If the beneficiary, assignee or other payee under any contract made in violation of this section receives from the insurer any benefits thereunder accruing upon the death, disablement or injury of the person insured, the person insured or the executor or administrator of the person insured, as the case may be, may maintain an action to recover such benefits from the person so receiving them.  4. As used in this section, "insurable interest" as to such personal insurance means that every person has an insurable interest in the life, body and health of himself or herself, and of other persons as follows:  (a) In the case of persons related closely by blood or by law, a substantial interest engendered by love and affection; and  (b) In the case of other persons, a lawful and substantial economic interest in having the life, health or bodily safety of the person insured continue, as distinguished from an interest which would arise only by, or would be enhanced in value by, the death, disablement or injury of the person insured.  5. Before, on or after January 1, 1972, an individual party to a contract or option for the purchase or sale of an interest in a business partnership or firm, or of shares of stock of a corporation or of an interest in such shares, has an insurable interest in the life, body and health of each individual party to the contract and for the purposes of the contract only, in addition to any insurable interest which may otherwise exist as to the person.  6. An insurer is entitled to rely upon all statements, declarations and representations made by an applicant for insurance relative to the insurable interest of the applicant in the insured. An insurer does not incur legal liability except as otherwise set forth in the policy, by virtue of any untrue statements, declarations or representations so relied upon in good faith by the insurer.  (Added to NRS by 1971, 1712; A 1997, 1624; 2009, 1786)
NV Rev Stat § 687B.050 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.050 - Insurable interest: Exception when certain institutions designated beneficiary.

  1. Life insurance contracts may be entered into in which the person paying the consideration for the insurance has no insurable interest in the life of the individual insured, where charitable, benevolent, educational or religious institutions or their agencies are designated irrevocably as the beneficiaries thereof.  2. In making such contracts the person paying the premium shall make and sign the application therefor as owner, and shall designate irrevocably a charitable, benevolent, educational or religious institution or an agency thereof as the beneficiary or beneficiaries of such contract. The application shall be signed also by the individual whose life is to be insured.  3. Nothing in this section shall prohibit any combination of the applicant, premium payer, owner and beneficiary from being the same person.  4. Such a contract shall be valid and binding among the parties thereto, notwithstanding the absence otherwise of an insurable interest in the life of the individual insured.  (Added to NRS by 1971, 1713)
NV Rev Stat § 687B.060 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.060 - Insurable interest: Property.

  1. No contract of insurance of property or of any interest in property or arising from property shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time of the loss.  2. "Insurable interest" as used in this section means any actual, lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction or pecuniary damage or impairment.  (Added to NRS by 1971, 1714)
NV Rev Stat § 687B.070 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.070 - Power to contract: Purchase of insurance and annuities by minors.

  1. Any person of competent legal capacity may contract for insurance.  2. Any minor not less than 16 years of age may, notwithstanding his or her minority, contract for or own annuities or insurance, or affirm by novation or otherwise preexisting contracts for annuities or insurance, upon his or her own life, body, health, property, liabilities or other interests, or on the person of another in whom the minor has an insurable interest. Notwithstanding such minority such a minor shall be deemed competent to exercise all rights and powers with respect to or under:  (a) Any annuity or insurance contract upon the minor’s own life, body or health;  (b) Any contract which such minor effected upon his or her own property, liabilities or other interests; or  (c) Any contract effected or owned by the minor on the person of another, as might be exercised by a person of full legal age.  3. Such a minor may at any time surrender his or her interest in any such contracts and give valid discharge for any benefit accruing or money payable thereunder. Such a minor shall not, by reason of his or her minority, be entitled to rescind, avoid or repudiate the contract, or to rescind, avoid or repudiate any exercise of a right or privilege thereunder, except that such a minor, not otherwise emancipated, shall not be bound by any unperformed agreement to pay, by promissory note or otherwise, any premium on any such annuity or insurance contract.  4. All insurance contracts made by a minor under the age of 16 years shall be made only with the written consent of a parent or guardian, and the exercise of all contractual rights under such contracts, or the surrender thereof, or the giving of a valid discharge for any benefit accruing or money payable thereunder shall have the written consent of a parent or guardian if made or given while such minor is under the age of 16 years.  5. All such contracts made by a minor which may result in any personal liability for assessment shall have the written assumption of any such liability by a parent or guardian in consideration of the issuance of the contract. Such assumption shall be in a form approved by the Commissioner, reasonably designed to inform the parent or guardian of the liability thus assumed. Such assumption of liability may be made a part of and included with any written consent of such parent or guardian required under the provisions of this section, and it may be provided therein that such assumption shall cover only up to the anniversary date of the policy nearest the insured’s birthday upon which the insured attains the age of 18 years.  6. Any annuity contract or policy of life or health insurance procured by or for a minor under subsection 2 or 3, shall be made payable either to the minor or the estate of the minor or to a person having an insurable interest in the life of the minor.  (Added to NRS by 1971, 1714; A 1973, 1581)
NV Rev Stat § 687B.080 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 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.

  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.  (Added to NRS by 1971, 1715; A 1993, 173; 2017, 799)
NV Rev Stat § 687B.090 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.090 - Alteration of application: Life and health insurance.

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.  (Added to NRS by 1971, 1715)
NV Rev Stat § 687B.100 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.100 - Application as evidence.

  1. No application for the issuance of any life or health insurance policy or annuity contract shall be admissible in evidence in any action relative to such policy or contract, unless a true copy of the application was attached to or otherwise made a part of the policy or contract when issued. This subsection does not apply to industrial life insurance policies.  2. If any policy of life or health insurance delivered in this state is reinstated or renewed, and the insured or the beneficiary or assignee of the policy makes written request to the insurer for a copy of the application, if any, for such reinstatement or renewal, the insurer shall, within 30 days after receipt of such request at its home office, deliver or mail to the person making such request a copy of such application reproduced by any legible means. If such copy is not so delivered or mailed after having been so requested, the insurer shall be precluded from introducing the application in evidence in any action or proceeding based upon or involving the policy or its reinstatement or renewal. In the case of such a request from a beneficiary or assignee, the time within which the insurer is required to furnish a copy of such application shall not begin to run until after receipt of evidence satisfactory to the insurer of the beneficiary’s or assignee’s vested interest in the policy or contract.  3. As to kinds of insurance other than life or health insurance, no application for insurance signed by or on behalf of the insured shall be admissible in evidence in any action between the insured and the insurer arising out of the policy so applied for, if the insurer has failed, at the expiration of 30 days after receipt by the insurer of written demand therefor by or on behalf of the insured, to furnish to the insured a copy of such application reproduced by any legible means.  (Added to NRS by 1971, 1715)
NV Rev Stat § 687B.110 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.110 - Representations in applications.

All statements and descriptions in any application for an insurance policy or annuity contract, by or in behalf of the insured or annuitant, shall be deemed to be representations and not warranties. Misrepresentations, omissions, concealment of facts and incorrect statements shall not prevent a recovery under the policy or contract unless either:  1. Fraudulent;  2. Material either to the acceptance of the risk, or to the hazard assumed by the insurer; or  3. The insurer in good faith would either not have issued the policy or contract, or would not have issued it at the same premium rate, or would not have issued a policy or contract in as large an amount, or would not have provided coverage with respect to the hazard resulting in the loss, if the true facts had been made known to the insurer as required either by the application for the policy or contract or otherwise.  (Added to NRS by 1971, 1716)
NV Rev Stat § 687B.113 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.113 - Control of cost of health care: Provisions encouraging use of certain services and facilities.

An insurer shall include provisions in a policy of health insurance encouraging the insured’s use, if medically appropriate, of services and facilities that are the most efficient or that tend to control or reduce the cost of health care. Any policy or other form filed with the Commissioner pursuant to NRS 687B.120 must specifically indicate which provisions satisfy the requirements of this section.  (Added to NRS by 1985, 1227)
NV Rev Stat § 687B.117 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.117 - Control of cost of health care: Insurer required to use three or more practices that control cost in administering benefits.

The Commissioner shall not approve any proposed policy of health insurance unless the Commissioner determines that the insurer has adopted and is using three or more practices in administering benefits that control or reduce the cost of health care.  (Added to NRS by 1985, 1227)
NV Rev Stat § 687B.122 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.122 - Readability of policies: Applicability of requirements.

  1. The provisions of NRS 687B.122 to 687B.128, inclusive:  (a) Apply to all policies, certificates or contracts of life or health insurance, including credit insurance as defined in NRS 690A.015, delivered or issued for delivery in this state, including policies, certificates or contracts issued by fraternal benefit societies and hospital, medical or dental service corporations, health maintenance organizations and other similar organizations, and certificates issued pursuant to a policy of group insurance delivered or issued for delivery in this state, except:  (1) Any policy which is a security subject to federal jurisdiction;  (2) Any policy covering the lives of a group of 1,000 or more persons as of its date of issuance, other than a group policy for credit insurance and any certificate issued pursuant to any group policy;  (3) Any group annuity which serves to finance pension, profit-sharing or deferred compensation plans; or  (4) Any form used in connection with, as a conversion from, as an addition to or in exchange for a policy delivered or issued for delivery on a form approved or permitted to be issued before July 1, 1983.  (b) Are not intended to increase any risk assumed by an insurer.  (c) Do not supersede the provisions of this Title or other law applicable to the delivery or issuance of policies of insurance.  (d) Are not intended to restrict or discourage the development of new policies and provisions.  (e) Do not require standardization of forms for or provisions of policies.  2. Any policy written in a language other than English shall be deemed to comply with NRS 687B.124 if the insurer certifies that it is translated from a policy written in English which complies with that section.  3. The provisions of NRS 687B.122 to 687B.128, inclusive, apply to renewals on or after July 1, 1983, of policies delivered or issued for delivery before that date.  (Added to NRS by 1981, 927; A 1987, 2286)
NV Rev Stat § 687B.126 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.126 - Readability of policies: Filing policy for Commissioner’s approval; exceptions to score requirements on Flesch test.

  1. An insurer shall file a copy of the policy with the Commissioner accompanied by a certificate signed by an officer of the insurer stating that the policy meets the score required for reading ease or stating that the score is lower than the minimum required and requesting that it be approved in accordance with subsection 2. Upon the request of the Commissioner, the insurer shall furnish additional information to verify the accuracy of the certification.  2. The Commissioner may approve a policy which has a score lower than required whenever the Commissioner finds that a lower score:  (a) Provides a more accurate reflection of the readability of a policy;  (b) Is necessitated by the nature of a particular type or class of policy; or  (c) Is caused by language in the policy which is drafted in a particular manner so as to meet the requirements of any state law, regulation or interpretation of that law or regulation by a state agency.  (Added to NRS by 1981, 928)
NV Rev Stat § 687B.128 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.128 - Readability of policies: Approval by Commissioner.

A policy which complies with subsection 1 of NRS 687B.124 must be approved by the Commissioner, notwithstanding any other provision of law which specifies the content of a policy, if the policy provides the policyholder and claimant with protection at least equal to that to which they are entitled under those other provisions.  (Added to NRS by 1981, 929)
NV Rev Stat § 687B.130 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.130 - Grounds for disapproval.

The Commissioner shall disapprove any form filed under NRS 687B.120, or withdraw any previous approval thereof, only on one or more of the following grounds:  1. The form is in any respect in violation of or does not comply with this Code.  2. The form contains, or incorporates by reference where such incorporation is otherwise permissible, any inconsistent, ambiguous or misleading clauses, or exceptions and conditions which deceptively affect the risk purported to be assumed in the general coverage of the contract, or any provision or provisions prejudicial to the interest of the insured or policyholder.  3. The form has any title, heading or other indication of its provisions which is misleading, or is printed in such size of type or manner of reproduction as to be difficult to read.  4. As to an individual health insurance policy, if the benefits provided therein are unreasonable in relation to the premium charged, or if it contains any unjust, unfair, inequitable or prejudicial provision or provisions.  5. As to a life insurance or individual health insurance policy, if it contains a provision or provisions such as to encourage misrepresentation.  (Added to NRS by 1971, 1717)
NV Rev Stat § 687B.140 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.140 - Standard provisions.

  1. Insurance contracts shall contain such standard or uniform provisions as are required by the applicable provisions of this Code pertaining to contracts of particular kinds of insurance. The Commissioner may waive the required use of a particular provision in a particular insurance policy form if:  (a) The Commissioner finds such provision unnecessary for or unrelated to the protection of the insured and inconsistent with the purposes of the policy; and  (b) The policy is otherwise approved by the Commissioner.  2. No policy shall contain any provision inconsistent with or contradictory to any standard or uniform provision used or required to be used, but the Commissioner may approve any substitute provision which is, in the opinion of the Commissioner, not less favorable in any particular to the insured, owner or beneficiary than the provisions otherwise required.  3. In lieu of the provisions required by this Code for contracts for particular kinds of insurance, substantially similar provisions required by the law of the domicile of a foreign or alien insurer may be used when approved by the Commissioner.  4. A policy issued by a domestic insurer for delivery in another jurisdiction may contain any provision required or permitted by the laws of such jurisdiction.  (Added to NRS by 1971, 1718)
NV Rev Stat § 687B.147 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.147 - Exclusion, reduction or limitation of certain coverage in motor vehicle insurance policies allowed; conditions; form and contents of disclosure.

A policy of motor vehicle insurance covering a private passenger car may be delivered or issued for delivery in this state if it contains an exclusion, reduction or other limitation of coverage for the liability of any named insured for bodily injury to:  1. Another named insured; or  2. Any member of the household of a named insured,  unless the named insured rejects the exclusion, reduction or other limitation of coverage after full disclosure of the limitation by the insurer on a form approved by the Commissioner. The form must be written in a manner which is easily understood, printed in at least 12-point type and contain the statement "I understand that this policy excludes, reduces and limits coverage for bodily injury to members of my family and other named insureds, including the following persons:" (followed by a list of the names of the family members and other named insureds whose coverage has been excluded, reduced or limited). The list of names must be handwritten by the insured and followed by the full signature of the insured. The disclosed exclusion, reduction or other limitation of coverage continues until the named insured notifies the insurer in writing of the desire of the insured to reject it. The insurer must disclose upon renewal of the policy that coverage has been excluded, reduced or limited and that the named insured has the right to reject the exclusion, reduction or limitation. The insurer must also disclose to the named insured upon renewal any additional motor vehicle coverages that the insurer sells. These disclosures must be written in a form easily understood and printed in at least 12-point type.  (Added to NRS by 1989, 1851)
NV Rev Stat § 687B.150 (2021)
2021 Nevada Revised Statutes|Chapter 687B - Contracts of Insurance|NRS 687B.150 - Inclusion of portion of charter or bylaws.

  1. No policy shall contain any provision purporting to make any portion of the charter, bylaws or other constituent document of the insurer (other than the subscriber’s agreement or power of attorney of a reciprocal insurer) a part of the contract unless such portion is set forth in full in the policy.  2. Any policy provision in violation of this section is invalid.  (Added to NRS by 1971, 1718)