reglab/housing_qa huggingface dataset:
NV Rev Stat § 686B.1793 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1793 - Penalties.

  1. An insurer or other person who violates any provision of NRS 686B.1751 to 686B.1799, inclusive, shall, upon the order of the Commissioner, pay an administrative fine not to exceed $1,000 for each violation and not to exceed $10,000 for each willful violation. These administrative fines are in addition to any other penalty provided by law. Any insurer using a rate before it has been filed with the Commissioner as required by NRS 686B.1775, shall be deemed to have committed a separate violation for each day the insurer failed to file the rate.  2. The Commissioner may suspend or revoke the license of any advisory organization or insurer who fails to comply with an order within the time specified by the Commissioner or any extension of that time made by the Commissioner. Any suspension of a license is effective for the time stated by the Commissioner in his or her order or until the order is modified, rescinded or reversed.  3. The Commissioner, by written order, may impose a penalty or suspend a license pursuant to this section only after written notice to the insurer, organization or plan for apportioned risks and a hearing.  (Added to NRS by 1995, 2055; A 1999, 2223; 2017, 2348)
NV Rev Stat § 686B.1797 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1797 - Insurer prohibited from withholding or giving false or misleading information to Commissioner or Advisory Organization.

An insurer or other person shall not willfully withhold information from, or knowingly give false or misleading information to, the Commissioner or to the Advisory Organization, which will affect the rates, classifications of risks or Uniform Statistical Plan for industrial insurance.  (Added to NRS by 1995, 2055)
NV Rev Stat § 686B.1799 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1799 - Limitation on liability of insurer or rating organization acting within scope of employment.

No insurer or rating organization or member thereof in its capacity as a member or officer or employee of the licensed rating organization when acting within the scope of his or her employment is liable for injury or death or other damage proximately caused by a failure to inspect, or the manner or extent of inspection of, an employer’s locations, plants or operations for classification, control of losses or rating, or by that person’s comment or failure to comment on the subject matter or object of the inspection.  (Added to NRS by 1995, 2055)
NV Rev Stat § 686B.185 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.185 - Immunity of Commissioner and association.

There is no liability on the part of, and no cause of action of any nature arises against, the Commissioner or the representatives of the Commissioner or any essential insurance association, its agents or employees, under a plan established pursuant to the provisions of NRS 686B.180, for any good faith action taken by them in the performance of their powers and duties under such plan.  (Added to NRS by 1975, 403)
NV Rev Stat § 686B.200 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.200 - Voluntary plan for sharing risks.

Insurers doing business within this state are authorized to prepare voluntary plans providing any specified kind, line or class of insurance coverage or subdivision or combination thereof for all or any part of this state in which such insurance is not readily available in the voluntary market and in which the public interest requires the availability of such coverage. Such plans shall be submitted to the Commissioner and if approved by the Commissioner may be put into operation.  (Added to NRS by 1971, 1707)
NV Rev Stat § 686B.210 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.210 - Nevada Essential Insurance Association: Establishment; membership; plan of operation.

  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.  (Added to NRS by 1975, 398)
NV Rev Stat § 686B.220 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.220 - Nevada Essential Insurance Association: Board of Directors; reimbursement of members of Board; approval or adoption of plan by Commissioner.

  1. The administrative powers of the Nevada Essential Insurance Association shall be vested in a Board of Directors consisting of not less than five nor more than nine members serving terms as established in the plan of organization. The members of the Board shall be appointed by the Commissioner with due consideration given to the composition of the membership of the Association and to the interests of the insureds who are provided essential insurance coverage by the Association.  2. Members of the Board may be reimbursed from the assets of the Association for expenses incurred by them as members of the Board of Directors and for reasonable and equitable compensation as may be prescribed by the terms of the plan of organization.  3. The Board of Directors of the Association shall submit to the Commissioner a plan of organization for the Association and make suitable or necessary amendments thereto to assure the fair, reasonable and equitable administration of the Association. The plan of operation shall become effective upon approval in writing by the Commissioner.  4. If the Association fails to submit a suitable plan of operation within a reasonable period of time, or if at any time thereafter the Association fails to submit suitable amendments to the plan, the Commissioner shall promulgate a plan as necessary or advisable to effectuate the provisions of this section.  (Added to NRS by 1975, 398)
NV Rev Stat § 686B.240 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.240 - Nevada Essential Insurance Association: Powers of Commissioner and Association.

The Commissioner and the Nevada Essential Insurance Association may:  1. Give consideration to the need for adequate and readily accessible coverage, to alternative methods of improving the market affected, to the preferences of the insurers and agents, to the inherent limitations of the insurance mechanism, to the need for reasonable underwriting standards and to the requirement of reasonable loss-prevention measures.  2. Establish procedures that will create minimum interference with the voluntary market.  3. Spread the burden imposed by the facility equitably and efficiently.  4. Establish procedures for applicants and participants to have grievances reviewed.  5. Take all reasonable and necessary steps to dissolve the Association at the earliest date when essential insurance becomes readily available in the private market. The dissolution of the Association, including its assets and liabilities, must be accomplished under the supervision of the Commissioner in an equitable and reasonable manner. The dissolution must, if determined to be appropriate by the Commissioner, provide for the repayment of any loans or other money provided or contributed by the State of Nevada for the formation or continuance of the Association.  (Added to NRS by 1975, 399; A 2003, 3306)
NV Rev Stat § 686B.250 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.250 - Nevada Essential Insurance Association: Immunity from liability.

There is no liability on the part of, and no cause of action of any nature arises against, the Nevada Essential Insurance Association or its agents or employees, members of the Board or the Commissioner or the representatives of the Commissioner for any good faith performance of their powers and duties under NRS 686B.210 to 686B.240, inclusive.  (Added to NRS by 1975, 400)
NV Rev Stat § 686B.260 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.260 - Conversion into domestic stock insurer: "Insured" defined.

As used in NRS 686B.270 to 686B.320, inclusive, unless the context otherwise requires, "insured" means any person who has maintained at least 1 year of coverage with an essential insurance association.  (Added to NRS by 1981, 1021)
NV Rev Stat § 686B.270 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.270 - Conversion into domestic stock insurer: Applicability of certain provisions governing nonprofit cooperative corporations.

The provisions of NRS 81.130 and 81.510 do not apply to the conversion of an essential insurance association to a domestic stock insurer as provided in NRS 686B.280 to 686B.320, inclusive.  (Added to NRS by 1981, 1023; A 1985, 1878; 1991, 1318)
NV Rev Stat § 686B.290 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.290 - Conversion into domestic stock insurer: Notice to insurers and insureds; hearing.

  1. At the time the association files a notice of intent to qualify as a domestic stock insurer, it must give notice of its intent to all participating insurers and all insureds on a form approved by the Commissioner. The notice to each insured must state the total amount of stock to be issued and the amount of shares to which the insured is entitled.  2. Any participating insurer or insured may, within 30 days after the date of the notice, apply to the Division for a hearing concerning the association’s ability to qualify as a domestic insurer, the valuation of capital and surplus, or the proposed number and distribution of shares of stock.  (Added to NRS by 1981, 1022; A 1991, 1630; 1993, 1917; 2003, 3307)
NV Rev Stat § 686B.300 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.300 - Conversion into domestic stock insurer: Determination of percentage of stock for each insured.

The association shall determine the percentage of stock to which each insured is entitled as follows:  1. The amount of gain or loss from operations, including an equitable allocation of investment income attributable to operations, is calculated for each of the following groups:  (a) Insureds who have not paid a capital stabilization charge;  (b) Insureds who have paid this charge for a given policy year; and  (c) Insureds who have paid a single charge to cover all policy years of participation in the association.  2. For each calendar year the association has been in operation, the amount of gain or loss from operations, including an equitable allocation of investment income attributable to each group, is divided by the number of insured months in that group.  3. For each group in which an insured participated in any calendar year, the insured’s number of insured months in that group is multiplied by the amount of income per insured month attributable to that group, as determined in subsection 2.  4. For each insured, the results of the calculations performed under subsection 3 for each group in which the insured was a member during a particular calendar year are added.  5. For each insured, the total amount the insured paid in capital stabilization charges is computed.  6. For each insured, the sum of the results of the calculations performed under subsections 4 and 5 are divided by the total surplus of the association as shown in its financial statement for the year preceding its conversion to a domestic stock insurer, to obtain that insured’s percentage of ownership of the total stock to be distributed.  (Added to NRS by 1981, 1022)
NV Rev Stat § 686B.310 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.310 - Conversion into domestic stock insurer: Capitalization.

An association must comply with the provisions of NRS 680A.120 to qualify as a domestic stock insurer. Any paid-in capital in excess of the minimum amount required may be shown as surplus.  (Added to NRS by 1981, 1023)
NV Rev Stat § 686B.320 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.320 - Conversion into domestic stock insurer: Issuance of certificate of authority.

Upon determining that the Association has complied with NRS 686B.280 to 686B.310, inclusive, and all other requirements applicable to domestic stock insurers, the Commissioner may issue to the Association a certificate of authority to transact business as a domestic stock insurer.  (Added to NRS by 1981, 1023; A 2003, 3307)
NV Rev Stat § 686B.330 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.330 - Conversion into domestic mutual insurer or domestic reciprocal insurer: "Insured" defined.

As used in NRS 686B.330 to 686B.370, inclusive, unless the context otherwise requires, "insured" has the meaning ascribed to it in NRS 686B.260.  (Added to NRS by 2003, 3303)
NV Rev Stat § 686B.340 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.340 - Conversion into domestic mutual insurer or domestic reciprocal insurer: Exemption from applicability of NRS 81.130 and 81.510.

The provisions of NRS 81.130 and 81.510 do not apply to the conversion of an essential insurance association to a domestic mutual insurer or a domestic reciprocal insurer as provided in NRS 686B.330 to 686B.370, inclusive.  (Added to NRS by 2003, 3304)
NV Rev Stat § 686B.350 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.350 - Conversion into domestic mutual insurer or domestic reciprocal insurer: Filing and contents of notice of intent to qualify.

  1. An essential insurance association shall, if requested to do so by the Commissioner, file a notice of intent to qualify as a domestic mutual insurer or a domestic reciprocal insurer. In the absence of a request by the Commissioner, an essential insurance association may file such a notice at such time as the association determines appropriate.  2. The notice must be filed with the Commissioner at least 4 months before the date the association is to become a domestic mutual insurer or a domestic reciprocal insurer and must include:  (a) An application prepared pursuant to chapter 680A of NRS for a certificate of authority to transact business in Nevada as a domestic mutual insurer or a domestic reciprocal insurer;  (b) A valuation of the policyholder’s surplus according to both market and amortized value based on the association’s annual financial statement for the previous year; and  (c) A provision for the return of any unused portion of the insured’s capital stabilization charges.  (Added to NRS by 2003, 3304)
NV Rev Stat § 686B.360 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.360 - Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing.

  1. At the time the association files a notice of intent to qualify as a domestic mutual insurer or domestic reciprocal insurer, it must give a notice of intent to all participating insurers and all insureds on a form approved by the Commissioner.  2. Any participating insurer or insured may, within 30 days after the date of the notice, apply to the Division for a hearing concerning the association’s ability to qualify as a domestic mutual insurer or domestic reciprocal insurer.  3. An association must comply with the provisions of:  (a) Chapter 692B of NRS, as applicable to mutual insurers, to qualify as a domestic mutual insurer; or  (b) Chapter 694B of NRS, as applicable to reciprocal insurers, to qualify as a domestic reciprocal insurer.  (Added to NRS by 2003, 3304)
NV Rev Stat § 686B.370 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.370 - Conversion into domestic mutual insurer or domestic reciprocal insurer: Issuance of certificate of authority.

Upon determining that an association has complied with NRS 686B.330 to 686B.370, inclusive, and all other requirements applicable to domestic mutual insurers, if the association is qualifying as a domestic mutual insurer, or to domestic reciprocal insurers, if the association is qualifying as a domestic reciprocal insurer, the Commissioner may issue to the association a certificate of authority to transact business as a domestic mutual insurer or a domestic reciprocal insurer.  (Added to NRS by 2003, 3304)
NV Rev Stat § 686C.020 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.020 - Purpose of chapter. [Effective through December 31, 2019.]

The purpose of this chapter is to protect, within certain limits, the persons specified in subsections 1 and 2 of NRS 686C.030 against failure in the performance of contractual obligations under life and health insurance policies and contracts, and annuities, specified in subsection 4 of NRS 686C.030 because of the impairment or insolvency of a member insurer issuing such policies or contracts.  (Added to NRS by 1973, 302; A 1991, 869; 2001, 1030)
NV Rev Stat § 686C.020 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.020 - Purpose of chapter. [Effective January 1, 2020.]

The purpose of this chapter is to protect, within certain limits, the persons specified in subsections 1 and 2 of NRS 686C.030 against failure in the performance of contractual obligations under life insurance, health insurance and annuity policies or contracts specified in subsection 4 of NRS 686C.030 because of the impairment or insolvency of a member insurer issuing such policies or contracts.  (Added to NRS by 1973, 302; A 1991, 869; 2001, 1030; 2019, 1084, effective January 1, 2020)
NV Rev Stat § 686C.030 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.030 - Scope of chapter: Coverage provided. [Effective through December 31, 2019.]

  1. This chapter provides coverage for the policies or contracts described in subsection 4 to persons who are:  (a) Owners of or certificate holders under such policies or contracts, other than structured settlement annuities, and who:  (1) Are residents of this state; or  (2) Are not residents, but only if:  (I) The insurer that issued the policies or contracts is domiciled in this state;  (II) The states in which the persons reside have associations similar to the Association created by this chapter; and  (III) The persons are not eligible for coverage by an association in another state because the insurer was not authorized in the other state at the time specified in that state’s law governing guaranty associations; and  (b) Beneficiaries, assignees or payees of the persons covered under paragraph (a), wherever they reside, except for nonresident certificate holders under group policies or contracts.  2. For structured settlement annuities, except as otherwise provided in subsection 3, this chapter provides coverage to a payee under the annuity, or beneficiary of a payee if the payee is deceased, if the payee or beneficiary:  (a) Is a resident of this state, regardless of the residence of the owner of the annuity; or  (b) Is not a resident of this state, but:  (1) The owner of the annuity is a resident of this state, or the issuer of the annuity is domiciled in this state and the state in which the owner resides has an association similar to the Association created by this chapter; and  (2) Neither the payee or beneficiary nor the owner of the annuity is eligible for coverage by the association of the state in which the payee, beneficiary or owner resides.  3. This chapter does not provide coverage for a payee or beneficiary of a structured settlement annuity if the owner of the annuity is a resident of this state and the payee or beneficiary is afforded any coverage by the association of another state. In determining the application of the provisions of this chapter to a situation where a person could be covered by the association of more than one state, this chapter must be construed in conjunction with the laws of other states to result in coverage by only one association.  4. This chapter provides coverage to the persons described in subsections 1 and 2 for direct, nongroup life, health and annuity policies or contracts, for certificates under direct group policies and contracts, and for supplemental contracts to any of these, in each case issued by member insurers, except as limited by this chapter.  (Added to NRS by 1973, 302; A 1991, 869; 2001, 1030; 2015, 3474)
NV Rev Stat § 686C.030 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.030 - Scope of chapter: Coverage provided. [Effective January 1, 2020.]

  1. This chapter provides coverage for the life insurance, health insurance and annuity policies or contracts described in subsection 4 to persons who are:  (a) Owners of, enrollees in or certificate holders under such policies or contracts, other than structured settlement annuities, and who:  (1) Are residents of this state; or  (2) Are not residents, but only if:  (I) The member insurer that issued the policies or contracts is domiciled in this state;  (II) The states in which the persons reside have associations similar to the Association created by this chapter; and  (III) The persons are not eligible for coverage by an association in another state because the member insurer was not authorized in the other state at the time specified in that state’s law governing guaranty associations; and  (b) Regardless of where they reside, beneficiaries, assignees or payees of the persons covered under paragraph (a), including, without limitation, providers of health care rendering services covered under policies or certificates of health insurance, except for nonresident certificate holders under group policies or contracts.  2. For structured settlement annuities, except as otherwise provided in subsection 3, this chapter provides coverage to a payee under the annuity, or beneficiary of a payee if the payee is deceased, if the payee or beneficiary:  (a) Is a resident of this state, regardless of the residence of the owner of the annuity; or  (b) Is not a resident of this state, but:  (1) The owner of the annuity is a resident of this state, or the issuer of the annuity is domiciled in this state and the state in which the owner resides has an association similar to the Association created by this chapter; and  (2) Neither the payee or beneficiary nor the owner of the annuity is eligible for coverage by the association of the state in which the payee, beneficiary or owner resides.  3. This chapter does not provide coverage for a payee or beneficiary of a structured settlement annuity if the owner of the annuity is a resident of this state and the payee or beneficiary is afforded any coverage by the association of another state. In determining the application of the provisions of this chapter to a situation where a person could be covered by the association of more than one state, this chapter must be construed in conjunction with the laws of other states to result in coverage by only one association.  4. This chapter provides coverage to the persons described in subsections 1 and 2 for policies or contracts of direct, nongroup life insurance, health insurance and annuities, for certificates under direct group policies and contracts, and for supplemental contracts to any of these, in each case issued by member insurers, except as limited by this chapter.  (Added to NRS by 1973, 302; A 1991, 869; 2001, 1030; 2015, 3474; 2019, 1084, effective January 1, 2020)