reglab/housing_qa huggingface dataset:
NV Rev Stat § 686A.660 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.660 - "Insurance score" defined.

Insurance score means a number or rating that is derived from an algorithm, computer application, model or other process that is based in whole or in part on credit information for the purposes of predicting the future losses or exposure with regard to an applicant or policyholder.  (Added to NRS by 2003, 2802)
NV Rev Stat § 686A.670 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.670 - Applicability.

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.  (Added to NRS by 2003, 2802; A 2011, 3368)
NV Rev Stat § 686A.685 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.685 - Insurer that uses credit information to provide reasonable exceptions in certain circumstances.

  1. Notwithstanding any other law or regulation, an insurer that uses credit information shall, upon receipt of a written request from an applicant or policyholder, provide reasonable exceptions to the insurer’s rates, rating classifications, company or tier placement, or underwriting rules or guidelines for an applicant or policyholder who has experienced and whose credit information has been directly influenced by any of the following:  (a) A catastrophic event, as declared by the Federal or State Government;  (b) A serious illness or injury, or a serious illness or injury to an immediate family member;  (c) The death of a spouse, child or parent;  (d) Divorce or involuntary interruption of legally-owed alimony or support payments;  (e) Identify theft;  (f) Temporary loss of employment for a period of 3 months or more, if it results from involuntary termination;  (g) Military deployment overseas; or  (h) Other events, as determined by the insurer.  2. If an applicant or policyholder submits a request for an exception as set forth in subsection 1, an insurer may, in its sole discretion:  (a) Require the applicant or policyholder to provide reasonable written and independently verifiable documentation of the event;  (b) Require the applicant or policyholder to demonstrate that the event had direct and meaningful impact on the credit information of the applicant or policyholder;  (c) Require that such a request be made not more than 60 days after the date of the application for insurance or the policy renewal;  (d) Grant an exception despite the applicant or policyholder not providing the initial request for an exception in writing; or  (e) Grant an exception where the applicant or policyholder asks for consideration of repeated events or the insurer has considered this event previously.  3. An insurer is not out of compliance with any law or rule relating to underwriting, rating or rate filing as a result of granting an exception under this section. Nothing in this section shall be construed to provide an applicant or policyholder with a cause of action that does not exist in the absence of this section.  4. The insurer shall provide notice to each applicant and policyholder that reasonable exceptions are available and include information about how the applicant or policyholder may inquire further about such exceptions.  5. Within 30 days after the insurer’s receipt of sufficient documentation of an event described in subsection 1, the insurer shall inform the applicant or policyholder of the outcome of the request for a reasonable exception. Such communication must be in writing or provided to the applicant or policyholder in the same medium as the request.  6. The Commissioner may adopt regulations to carry out the provisions of this section.  (Added to NRS by 2011, 3367)
NV Rev Stat § 686A.690 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.690 - Reunderwriting or rerating of insured; refund of premium.

If it is determined pursuant to the dispute resolution process set forth in section 611(a) of the federal Fair Credit Reporting Act, 15 U.S.C. § 1681i(a), that the credit information of a policyholder was incorrect or incomplete and if the insurer receives notice of such determination from either the consumer reporting agency or from the policyholder, the insurer shall reunderwrite and rerate the policyholder within 30 days of receiving the notice. After reunderwriting or rerating the insured, the insurer shall make any adjustments necessary, consistent with its underwriting and rating guidelines. If an insurer determines that the policyholder has overpaid a premium, the insurer shall refund to the policyholder the amount of overpayment calculated back to the shorter of either the last 12 months of coverage or the actual period of the policy.  (Added to NRS by 2003, 2804)
NV Rev Stat § 686A.700 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.700 - Disclosure of use of credit information.

  1. If an insurer uses credit information in underwriting or rating an applicant, the insurer or its agent shall disclose, either on the application for the policy or at the time the application is taken, that the insurer may obtain credit information in connection with the application. The disclosure must be written or provided to an applicant in the same medium as the application. The insurer need not provide the disclosure required pursuant to this subsection to a policyholder upon renewal of a policy if the policyholder was previously provided the disclosure in connection with the policy. An insurer may comply with the requirements of this subsection by providing the following statement: In connection with this application for insurance, we may review your credit report or obtain or use a credit-based insurance score based on the information contained in that credit report. We may use a third party in connection with the development of your insurance score.  2. The Division shall post on its Internet website a list of each insurer that does not use an insurance score when underwriting, rating an applicant for or calculating the premium for a policy of insurance for a passenger car or homeowner’s insurance and shall update this list on July 1 of each year.  3. The Division may post on its Internet website, without limitation:  (a) General information concerning the use of an insurance score in underwriting, rating an applicant for or calculating the premium for a policy of insurance; and  (b) Applicable laws governing the manner in which an insurance score may be used.  4. As used in this section, "passenger car" has the meaning ascribed to it in NRS 482.087.  (Added to NRS by 2003, 2804; A 2013, 432)
NV Rev Stat § 686A.710 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.710 - Notice requirements after taking adverse action.

If an insurer takes an adverse action based upon credit information, the insurer shall:  1. Provide notice to the applicant or policyholder that an adverse action has been taken, in accordance with the requirements of section 615(a) of the federal Fair Credit Reporting Act, 15 U.S.C. § 1681m(a).  2. Provide notice to the applicant or policyholder explaining the reasons for the adverse action. The reasons must be provided in sufficiently clear and specific language so that a person can identify the basis for the insurer’s decision to take the adverse action. The notice must include a description of not more than four factors that were the primary influences of the adverse action. The use of generalized terms such as "poor credit history," "poor credit rating" or "poor insurance score" does not meet the requirements of this subsection. The notice required by this subsection must be provided in a form approved by the Commissioner.  (Added to NRS by 2003, 2804; A 2007, 731)
NV Rev Stat § 686A.720 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.720 - Indemnification of agent by insurer.

  1. An insurer shall indemnify, defend and hold harmless an agent of the insurer from and against all liability, fees and costs arising out of or relating to the actions, errors or omissions of the agent with regard to obtaining or using credit information or insurance scores for the insurer, if the agent follows the instructions of or procedures established by the insurer and complies with any applicable law or regulation.  2. This section does not provide, expand, limit or prohibit any cause of action an applicant or policyholder may have against an agent of an insurer.  (Added to NRS by 2003, 2804)
NV Rev Stat § 686A.730 (2021)
2021 Nevada Revised Statutes|Chapter 686A - Trade Practices and Frauds; Financing of Premiums|NRS 686A.730 - Consumer reporting agencies: Prohibitions; exemptions.

  1. A consumer reporting agency shall not provide or sell data or lists that include any information that in whole or in part was submitted in conjunction with:  (a) An inquiry by or for an insurer about the credit information of an applicant or policyholder; or  (b) A request for a credit report or insurance score.  2. The information described in subsection 1 includes, without limitation:  (a) The expiration date of a policy or any other information that may identify time periods during which a policy of an applicant or policyholder may expire; and  (b) The terms and conditions of the coverage provided by a policy of an applicant or policyholder.  3. The restriction set forth in subsection 1 does not apply to data or lists the consumer reporting agency supplies to the insurer, or an agent or affiliate of the insurer, from whom the information was received.  4. The provisions of this section do not restrict any insurer from being able to obtain a report regarding a motor vehicle or a report of a history of claims.  (Added to NRS by 2003, 2805)
NV Rev Stat § 686B.010 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.010 - Construction and purposes.

  1. The Legislature intends that NRS 686B.010 to 686B.1799, inclusive, be liberally construed to achieve the purposes stated in subsection 2, which constitute an aid and guide to interpretation but not an independent source of power.  2. The purposes of NRS 686B.010 to 686B.1799, inclusive, are to:  (a) Protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates;  (b) Encourage, as the most effective way to produce rates that conform to the standards of paragraph (a), independent action by and reasonable price competition among insurers;  (c) Provide formal regulatory controls for use if independent action and price competition fail;  (d) Authorize cooperative action among insurers in the rate-making process, and to regulate such cooperation in order to prevent practices that tend to bring about monopoly or to lessen or destroy competition;  (e) Encourage the most efficient and economic marketing practices; and  (f) Regulate the business of insurance in a manner that will preclude application of federal antitrust laws.  (Added to NRS by 1971, 1698; A 1985, 1067; 2017, 2344; 2019, 1434)
NV Rev Stat § 686B.020 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.020 - Definitions.

As used in NRS 686B.010 to 686B.1799, inclusive, unless the context otherwise requires:  1. "Advisory organization," except as limited by NRS 686B.1752, means any person or organization which is controlled by or composed of two or more insurers and which engages in activities related to rate making. For the purposes of this subsection, two or more insurers with common ownership or operating in this State under common ownership constitute a single insurer. An advisory organization does not include:  (a) A joint underwriting association;  (b) An actuarial or legal consultant; or  (c) An employee or manager of an insurer.  2. "Market segment" means any line or kind of insurance or, if it is described in general terms, any subdivision thereof or any class of risks or combination of classes.  3. "Rate service organization" means any person, other than an employee of an insurer, who assists insurers in rate making or filing by:  (a) Collecting, compiling and furnishing loss or expense statistics;  (b) Recommending, making or filing rates or supplementary rate information; or  (c) Advising about rate questions, except as an attorney giving legal advice.  4. "Supplementary rate information" includes any manual or plan of rates, statistical plan, classification, rating schedule, minimum premium, policy fee, rating rule, rule of underwriting relating to rates and any other information prescribed by regulation of the Commissioner.  (Added to NRS by 1971, 1698; A 1985, 1067; 1991, 2117; 1995, 2055; 2003, 3351; 2017, 2345; 2019, 1434)
NV Rev Stat § 686B.030 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.030 - Applicability. [Effective through December 31, 2019.]

  1. Except as otherwise provided in subsection 2 and NRS 686B.125, the provisions of NRS 686B.010 to 686B.1799, inclusive, apply to all kinds and lines of direct insurance written on risks or operations in this State by any insurer authorized to do business in this State, except:  (a) Ocean marine insurance;  (b) Contracts issued by fraternal benefit societies;  (c) Life insurance and credit life insurance;  (d) Variable and fixed annuities;  (e) Credit accident and health insurance;  (f) Property insurance for business and commercial risks;  (g) Casualty insurance for business and commercial risks other than insurance covering the liability of a practitioner licensed pursuant to chapters 630 to 640, inclusive, of NRS;  (h) Surety insurance;  (i) Health insurance offered through a group health plan maintained by a large employer; and  (j) Credit involuntary unemployment insurance.  2. The exclusions set forth in paragraphs (f) and (g) of subsection 1 extend only to issues related to the determination or approval of premium rates.  (Added to NRS by 1971, 1699; A 1971, 1943; 1985, 1067; 1993, 2397; 1995, 2056; 2003, 3304; 2011, 3368; 2013, 3604; 2017, 2345; 2019, 1434)
NV Rev Stat § 686B.030 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.030 - Applicability. [Effective January 1, 2020.]

  1. Except as otherwise provided in subsection 2 and NRS 686B.125, the provisions of NRS 686B.010 to 686B.1799, inclusive, apply to all kinds and lines of direct insurance written on risks or operations in this State by any insurer authorized to do business in this State, except:  (a) Ocean marine insurance;  (b) Contracts issued by fraternal benefit societies;  (c) Life insurance and credit life insurance;  (d) Variable and fixed annuities;  (e) Credit accident and health insurance;  (f) Property insurance for business and commercial risks;  (g) Casualty insurance for business and commercial risks other than insurance covering the liability of a practitioner licensed pursuant to chapters 630 to 640, inclusive, of NRS or who holds a license or limited license issued pursuant to chapter 653 of NRS;  (h) Surety insurance;  (i) Health insurance offered through a group health plan maintained by a large employer; and  (j) Credit involuntary unemployment insurance.  2. The exclusions set forth in paragraphs (f) and (g) of subsection 1 extend only to issues related to the determination or approval of premium rates.  (Added to NRS by 1971, 1699; A 1971, 1943; 1985, 1067; 1993, 2397; 1995, 2056; 2003, 3304; 2011, 3368; 2013, 3604; 2017, 2345; 2019, 1434, 2740, effective January 1, 2020)
NV Rev Stat § 686B.040 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.040 - Exemptions.

  1. Except as otherwise provided in subsection 2, the Commissioner may by rule exempt any person or class of persons or any market segment from any or all of the provisions of NRS 686B.010 to 686B.1799, inclusive, if and to the extent that the Commissioner finds their application unnecessary to achieve the purposes of those sections.  2. The Commissioner may not, by rule or otherwise, exempt an insurer from the provisions of NRS 686B.010 to 686B.1799, inclusive, with regard to insurance covering the liability of a practitioner licensed pursuant to chapter 630, 631, 632 or 633 of NRS for a breach of the practitioner’s professional duty toward a patient.  (Added to NRS by 1971, 1699; A 1985, 1068; 2003, 919, 3352; 2017, 2346; 2019, 1435)
NV Rev Stat § 686B.045 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.045 - Waiver for state innovation of applicable provisions of Patient Protection and Affordable Care Act.

  1. The Commissioner may apply to the Secretary of Health and Human Services pursuant to 42 U.S.C. § 18052 for a waiver for state innovation of applicable provisions of the Patient Protection and Affordable Care Act, Public Law 111-148, with respect to health insurance coverage in this State for a plan year beginning on or after January 1, 2020.   2. The Commissioner may implement a state plan that meets the waiver requirements in a manner consistent with state and federal law and as approved by the Secretary of Health and Human Services.  (Added to NRS by 2019, 1433)
NV Rev Stat § 686B.050 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.050 - Standards.

  1. Rates must not be excessive, inadequate or unfairly discriminatory, nor may an insurer charge any rate which if continued will have or tend to have the effect of destroying competition or creating a monopoly.  2. The Commissioner may disapprove rates if there is not a reasonable degree of price competition at the consumer level with respect to the class of business to which they apply. In determining whether a reasonable degree of price competition exists, the Commissioner shall consider all relevant tests, including:  (a) The number of insurers actively engaged in the class of business and their shares of the market;  (b) The existence of differentials in rates in that class of business;  (c) Whether long-run profitability for insurers generally of the class of business is unreasonably high in relation to its riskiness;  (d) Consumers’ knowledge in regard to the market in question; and  (e) Whether price competition is a result of the market or is artificial.  If competition does not exist, rates are excessive if they are likely to produce a long-run profit that is unreasonably high in relation to the riskiness of the class of business, or if expenses are unreasonably high in relation to the services rendered.  3. Rates are inadequate if they are clearly insufficient, together with the income from investments attributable to them, to sustain projected losses and expenses in the class of business to which they apply.  4. One rate is unfairly discriminatory in relation to another in the same class if it clearly fails to reflect equitably the differences in expected losses and expenses. Rates are not unfairly discriminatory because different premiums result for policyholders with similar exposure to loss but different expense factors, or similar expense factors but different exposure to loss, so long as the rates reflect the differences with reasonable accuracy. Rates are not unfairly discriminatory if they are averaged broadly among persons insured under a group, franchise or blanket policy.  (Added to NRS by 1971, 1699; A 1987, 1533)
NV Rev Stat § 686B.060 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.060 - Determination of whether rates comply with standards.

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.  (Added to NRS by 1971, 1700; A 2017, 1079)
NV Rev Stat § 686B.070 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.070 - Filing of rates and supplementary information with Commissioner.

  1. Every authorized insurer and every rate service organization licensed under NRS 686B.140 which has been designated by any insurer for the filing of rates under subsection 2 of NRS 686B.090 shall file with the Commissioner all:  (a) Rates and proposed increases thereto;  (b) Forms of policies to which the rates apply;  (c) Supplementary rate information; and  (d) Changes and amendments thereof,  made by it for use in this state.  2. A filing made pursuant to this section must include a proposed effective date and must be filed not less than 30 days before that proposed effective date, except that a filing for a proposed increase or decrease in a rate may include a request that the Commissioner authorize an effective date that is earlier than the proposed effective date.  3. If an insurer makes a filing for a proposed increase in a rate for insurance covering the liability of a practitioner licensed pursuant to chapter 630, 631, 632 or 633 of NRS for a breach of the practitioner’s professional duty toward a patient, the insurer shall not include in the filing any component that is directly or indirectly related to the following:  (a) Capital losses, diminished cash flow from any dividends, interest or other investment returns, or any other financial loss that is materially outside of the claims experience of the professional liability insurance industry, as determined by the Commissioner.  (b) Losses that are the result of any criminal or fraudulent activities of a director, officer or employee of the insurer.  If the Commissioner determines that a filing includes any such component, the Commissioner shall, pursuant to NRS 686B.110, disapprove the proposed increase, in whole or in part, to the extent that the proposed increase relies upon such a component.  4. If an insurer makes a filing for a proposed increase in a rate for a health benefit plan, as that term is defined in NRS 687B.470, the filing must include a unified rate review template, a written description justifying the rate increase and any rate filing documentation.  5. As used in this section, "rate filing documentation," "unified rate review template" and "written description justifying the rate increase" have the meanings ascribed in 45 C.F.R. § 154.215.  (Added to NRS by 1971, 1700; A 1981, 698; 1987, 1533; 1989, 2176; 2003, 919, 3352; 2013, 257, 3605)