reglab/housing_qa huggingface dataset:
NV Rev Stat § 686B.1762 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1762 - "Willful" defined.

Willful or "willfully" in relation to an act or omission which constitutes a violation of this chapter means with actual knowledge or belief that the act or omission constitutes a violation and with specific intent to commit the violation.  (Added to NRS by 1995, 2049)
NV Rev Stat § 686B.1763 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1763 - Applicability of provisions; Commissioner to administer provisions.

  1. NRS 686B.1751 to 686B.1799, inclusive, apply to insurers providing industrial insurance and to the Advisory Organization designated by the Commissioner. The Commissioner shall administer the provisions of these sections.  2. These provisions apply to all industrial insurance issued in this state except reinsurance.  (Added to NRS by 1995, 2049; A 2017, 2348)
NV Rev Stat § 686B.1764 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1764 - Designation; duties.

The Commissioner shall designate one licensed advisory organization to act as the Commissioner’s statistical agent and to assist the Commissioner in compiling relevant statistical information. The designation must be made pursuant to reasonable competitive bidding procedures established by the Commissioner. The Advisory Organization shall:  1. Provide reliable statistics for industrial insurance.  2. Collect and tabulate information and statistics in a Uniform Statistical Plan, to be approved and used by the Commissioner.  3. Formulate a manual of rules reasonably related to the recording and reporting of data according to the Uniform Statistical Plan, Uniform Plan for Rating Experience and the Uniform System of Classification, and present the proposed manual to the Commissioner for approval.  (Added to NRS by 1995, 2050)
NV Rev Stat § 686B.17645 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.17645 - Duty to file with Commissioner formula to assess insurers for certain costs; approval of formula.

  1. The Advisory Organization shall, at least 60 days before imposing an assessment pursuant to this section, file with the Commissioner a formula for an assessment on all insurers, which results in an equitable distribution among all insurers, of:  (a) The costs of paying the expenses of the members of the appeals panel for industrial insurance pursuant to the provisions of NRS 616B.770; and  (b) Any costs incurred by the Advisory Organization to administer the appeals panel for industrial insurance pursuant to the provisions of NRS 616B.760 to 616B.790, inclusive.  2. The formula for the assessment filed pursuant to subsection 1 shall be deemed approved unless it is disapproved by the Commissioner within 60 days after it is filed.  (Added to NRS by 1999, 3381; A 2001, 2256)
NV Rev Stat § 686B.1765 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1765 - Powers.

The Advisory Organization may:  1. Develop statistical plans including definitions for the classification of risks.  2. Collect statistical data from its members and subscribers or any other reliable source.  3. Prepare and distribute data on prospective loss costs.  4. Prepare and distribute manuals of rules and schedules for rating which do not permit calculating the final rates without using information other than the information in the manual.  5. Distribute any information filed with the Commissioner which is open to public inspection.  6. Conduct research and collect statistics to discover, identify and classify information on the causes and prevention of losses.  7. Prepare and file forms and endorsements for policies and consult with its members, subscribers and any other knowledgeable persons on their use.  8. Collect, compile and distribute information on the past and current premiums charged by individual insurers if the information is available for public inspection.  9. Conduct research and collect information to determine what effect changes in benefits to injured employees pursuant to chapters 616A to 617, inclusive, of NRS will have on prospective loss costs.  10. Prepare and distribute rules and rating values for the Uniform Plan for Rating Experience.  11. Calculate and provide to the insurer the modification of premiums based on the individual employer’s losses.  12. Assist an individual insurer to develop rates, supplementary rate information or other supporting information if authorized to do so by the insurer.  (Added to NRS by 1995, 2050; A 1997, 1450, 1451; 1999, 444, 2220, 2224; 2001, 154)
NV Rev Stat § 686B.1767 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1767 - Prohibited acts.

An advisory organization shall not:  1. Compile or distribute recommendations concerning rates which include expenses, other than expenses to adjust losses or profit; or  2. File rates, supplementary rate information or supporting information on behalf of an insurer.  (Added to NRS by 1995, 2050; A 1997, 1451, 1452; 1999, 444, 2224)
NV Rev Stat § 686B.1769 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1769 - Uniform Plan for Rating Experience: Requirements; use.

  1. The Uniform Plan for Rating Experience must:  (a) Contain reasonable standards for eligibility in the Plan;  (b) Provide adequate incentives for employers to prevent losses; and  (c) Permit sufficient differences in an insurer’s premiums to encourage safety at the employer’s place of business.  2. The Plan must be the exclusive basis for adjusting future premiums by evaluating an individual employer’s characteristics which tend to produce losses, but an insurer may file a rating plan that provides for an adjustment of premiums retrospectively based on an individual employer’s past experience of losses.  (Added to NRS by 1995, 2051)
NV Rev Stat § 686B.177 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.177 - Rating information to be filed with Commissioner; approval of rates.

The Advisory Organization shall file with the Commissioner a copy of every prospective loss cost, every manual of rating rules, every rating schedule and every change, amendment or modification to them which is proposed for use in this state at least 60 days before they are distributed to the organization’s members, subscribers or other persons. The rates shall be deemed to be approved unless they are disapproved by the Commissioner within 60 days after they are filed.  (Added to NRS by 1995, 2051; A 1997, 1452; 1999, 444, 2221, 2224; 2001, 154; 2017, 1042)
NV Rev Stat § 686B.1771 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1771 - Plan for apportionment among insurers of persons entitled to insurance who have not been accepted by an insurer.

  1. No insurer is required to issue to any particular employer a policy for industrial insurance.  2. The Commissioner shall approve a plan submitted by the Advisory Organization for equitable apportionment among insurers of those persons who in good faith are entitled to insurance but who have not been accepted by an insurer. Every insurer shall participate in the plan. The Commissioner shall adopt regulations to carry out the plan.  3. The Advisory Organization shall submit to the Commissioner the rates, supplementary rate information and forms for policies for the plan at least 60 days before they become effective. The rates submitted to the Commissioner must:  (a) Reflect the experience of the persons insured pursuant to the plan to the extent that those rates are actuarially appropriate.  (b) Be actuarially determined to ensure that the plan is self-sustaining.  4. The Commissioner shall disapprove any rates for the plan which do not meet the standards of NRS 686B.050. The rates shall be deemed to be approved unless they are disapproved by the Commissioner within 60 days after they are filed pursuant to the procedures in NRS 686B.1775.  (Added to NRS by 1995, 2051; A 1997, 973; 1999, 428)
NV Rev Stat § 686B.1772 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1772 - Insurers to adhere to Uniform System of Classifications of Risks and Uniform Plan for Rating Experience; subclassifications for Uniform System of Classification.

  1. Every insurer shall adhere to the Uniform System of Classifications of Risks and Uniform Plan for Rating Experience filed with the Commissioner by the Advisory Organization.  2. Any insurer may develop a subclassification or subclassifications for the Uniform System of Classification. Any subclassification must be filed with the Commissioner 60 days before it becomes effective. The Commissioner shall disapprove the subclassification if the insurer fails to show the data to be produced by it will be consistent with the Uniform Statistical Plan and System of Classification filed by the Advisory Organization with the Commissioner.  (Added to NRS by 1995, 2051)
NV Rev Stat § 686B.1773 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1773 - Insurers to record and report certain information and adhere to manual of rules and Uniform Plan for Rating Experience.

  1. Every insurer shall:  (a) Record and report its experience and losses for policies of industrial insurance to the Advisory Organization in a form consistent with the Uniform Statistical Plan approved by the Commissioner; and  (b) Adhere to the manual of rules and Uniform Plan for Rating Experience when providing or reporting its business for industrial insurance.  2. No insurer may agree with another insurer or the Advisory Organization to adhere to a manual of rules which is not reasonably related to the recording or reporting of data according to the Uniform Statistical Plan or Uniform System of Classifications filed by the Advisory Organization.  (Added to NRS by 1995, 2051)
NV Rev Stat § 686B.1774 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1774 - Commissioner to determine whether interaction among insurers and employers is competitive.

  1. The Commissioner shall determine whether the interaction among insurers and employers for the buying and selling of industrial insurance is competitive. Competition among these insurers is presumed to exist unless the Commissioner specifically finds, after a hearing and review of the structure, performance and conduct of the insurers, that there is no reasonable degree of competition among them and that the interaction is not competitive. Any finding by the Commissioner that there is no competition among the insurers and that the interaction is not competitive, expires 1 year after the date it is issued.  2. To determine whether competition exists among insurers, the Commissioner shall review existing information available to the Commissioner or participate in the development of new sources of such information. The Commissioner may conduct his or her own studies, cooperate with knowledgeable officers in other states, hire outside consultants or conduct studies in any other appropriate manner.  (Added to NRS by 1995, 2052; A 1997, 1456; 1999, 2224)
NV Rev Stat § 686B.1777 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1777 - When Commissioner may require supporting information regarding rates; when hearing is required for disapproval of rates.

  1. If the Commissioner finds that:  (a) The interaction among insurers is not competitive;  (b) The rates filed by insurers whose interaction is competitive are inadequate or unfairly discriminatory; or  (c) The rates violate the provisions of this chapter,  the Commissioner may require the insurers to file information supporting their existing rates. Before the Commissioner may disapprove those rates, the Commissioner shall notify the insurers and hold a hearing on the rates and the supplementary rate information.  2. The Commissioner may disapprove any rate without a hearing. Any insurer whose rates are disapproved in this manner may request in writing and within 30 days after the disapproval that the Commissioner conduct a hearing on the matter.  (Added to NRS by 1995, 2053; A 1997, 1454; 1999, 444, 2222, 2224; 2001, 154)
NV Rev Stat § 686B.1779 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1779 - Grounds for disapproval of rates.

  1. The Commissioner may disapprove a rate filed by an insurer at any time.  2. The Commissioner shall disapprove a rate if:  (a) An insurer has failed to meet the requirements for filing a rate pursuant to this chapter or the regulations of the Commissioner;  (b) The rate is inadequate or unfairly discriminatory and the interaction among insurers and employers is competitive; or  (c) A rate is inadequate, excessive or unfairly discriminatory and the Commissioner has found and issued an order that the interaction among the insurers and employers is not competitive.  (Added to NRS by 1995, 2053; A 1997, 1455; 1999, 444, 2223, 2224; 2001, 154)
NV Rev Stat § 686B.178 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.178 - Commissioner to issue written order stating reasons for disapproval and date by which insurer must discontinue use of rate.

If the Commissioner disapproves a rate, the Commissioner shall issue a written order stating the reasons for the disapproval and stating the date when the rate must no longer be used for policies which are issued or renewed. The date established by the Commissioner must be within a reasonable period after the written order is issued. The Commissioner shall issue the order within 30 days after the hearing. The Commissioner may require that the premiums be adjusted after the date of the order for those policies in effect on the date of the order.  (Added to NRS by 1995, 2053)
NV Rev Stat § 686B.1781 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1781 - Payment of dividends: Prohibition against discrimination; submission of plan for payments related to industrial insurance.

  1. An insurer shall not unfairly discriminate among its policyholders in paying a dividend, savings, unearned premium deposits or an equivalent abatement of premiums allowed or returned by an insurer for a policy of industrial insurance.  2. A plan for the payment of dividends for industrial insurance must be filed before there is a dividend payment. The plan shall be deemed approved unless the Commissioner disapproves the plan within 30 days after it is filed and received by the Commissioner. An insurer shall not condition the payment of a dividend upon the renewal of a policy or contract by the policyholder, member or subscriber.  3. An insurer paying savings, unearned premium deposits or an equivalent abatement for premiums allowed or returned for a policy of industrial insurance must receive prior approval.  (Added to NRS by 1995, 2053; A 2003, 3305)
NV Rev Stat § 686B.1782 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1782 - Agreements to lessen competition among insurers prohibited; insurers prohibited from agreeing to rates established in manner that conflicts with provisions.

  1. No insurer or advisory organization may make any agreement with any person, insurer or advisory organization to restrain trade unreasonably or to lessen substantially the competition between insurers.  2. No insurer may agree to use any rate, rating plan or rating rules, other than the uniform plan for rating experience, except as necessary to comply with the provisions of this chapter concerning the activity of the Advisory Organization and insurers relating to the Uniform Statistical Plan, the Uniform Plan for Rating Experience and the Uniform System of Classifications of Risks and the development of subclassifications.  3. The fact that two or more insurers, whether or not they subscribe to the Advisory Organization, use consistently or intermittently the same rates, rating plans, rating schedules, rating rules, classifications for rates, rules for underwriting, surveys, inspections or similar materials does not require a finding by the Commissioner that an agreement to restrain trade or lessen competition exists.  4. Two or more insurers which are commonly owned or operated in this state with common management or control may act or agree to act among themselves as if they were a single insurer for any activities authorized by NRS 686B.1751 to 686B.1799, inclusive.  (Added to NRS by 1995, 2053)
NV Rev Stat § 686B.1783 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1783 - Maintenance of records; examination of records by Commissioner.

Every insurer, advisory organization and plan for apportioned risks shall maintain records of the kind reasonably adapted to its method of operation and reflecting its experience or the experience of its members and the data or other information collected or used by it. The Commissioner may examine those records at any reasonable time to determine whether the activities of the insurer, advisory organization or plan for apportioned risks comply with the provisions of this chapter and chapters 616A to 617, inclusive, of NRS. These records must be maintained in an office in this state or must be made available to the Commissioner for examination or inspection at any time after reasonable notice to the insurer, advisory organization or plan for apportioned risks.  (Added to NRS by 1995, 2054)
NV Rev Stat § 686B.1784 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1784 - Examination by Commissioner; cost of examination.

  1. The Commissioner may examine any insurer, advisory organization or plan for apportioned risks whenever the Commissioner determines that such an examination is necessary.  2. The reasonable cost of an examination must be paid by the insurer or other person examined upon presentation by the Commissioner of an accounting of those costs pursuant to NRS 679B.290.  3. In lieu of an examination, the Commissioner may accept the report of an examination made by the agency of another state that regulates insurance.  (Added to NRS by 1995, 2054; A 1999, 2223)
NV Rev Stat § 686B.1785 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1785 - Request for reconsideration of rates; appeal.

Any person aggrieved by any decision, action or omission of the Advisory Organization or an insurer regarding rates or other information filed with the Commissioner may request in writing that the Organization or insurer reconsider the decision, action or omission. Except as otherwise provided in NRS 616B.772, 616B.775 and 616B.787, if the request for reconsideration is rejected or is not acted upon within 30 days by the Organization or insurer, the person requesting reconsideration may, within 30 days thereafter, appeal from the decision, action or omission to the Commissioner by filing a written complaint and request for a hearing specifying the grounds relied upon.  (Added to NRS by 1995, 2054; A 1999, 3381; 2001, 2256)
NV Rev Stat § 686B.1786 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1786 - Large-deductible agreements: Applicability.

This section and NRS 686B.17863 and 686B.17867 apply to any policy of industrial insurance which:  1. Is issued by an insurer which:  (a) Has a rating of less than "A-" from A.M. Best Company, Inc., or a substantially equivalent rating from another rating agency, as determined by the Commissioner; and  (b) Has less than $200,000,000 in surplus, with surplus calculated as the difference between the insurer’s net admitted assets and the insurer’s total liabilities;  2. Contains a large-deductible agreement;  3. Is not issued to a federal, state or local governmental entity; and  4. Is issued for delivery or renewed on or after January 1, 2018.  (Added to NRS by 2017, 2343)
NV Rev Stat § 686B.17863 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.17863 - Large-deductible agreements: Full collateralization required; size of obligations limited.

An insurer shall:  1. Require full collateralization of the outstanding obligations owed under a large-deductible agreement using one of the following methods:  (a) A surety bond issued by a surety insurer authorized to transact such insurance in this State, and whose financial strength and size ratings from A.M. Best Company, Inc., are not less than "A" and "V," respectively, or are substantially equivalent ratings from another rating agency, as determined by the Commissioner;  (b) An irrevocable letter of credit issued by a financial institution with an office physically located within this State, and the deposits of which are federally insured; or  (c) Cash or securities held in trust by a third party or the insurer and subject to a trust agreement for the express purpose of securing the policyholder’s obligation under a large-deductible agreement, provided that if the assets are held by the insurer, those assets may not be commingled with the insurer’s other assets; and  2. Limit the size of the policyholder’s obligations under a large-deductible agreement to 20 percent of the total net worth of the policyholder at the inception of the policy and again at each renewal, as determined by an audited financial statement as of the most recent fiscal year-end for which such a statement is available, with the total net worth of the policyholder calculated as the difference between the total assets and the total liabilities of the policyholder.  (Added to NRS by 2017, 2344)
NV Rev Stat § 686B.17867 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.17867 - Large-deductible agreements: Insurer in hazardous financial condition prohibited from issuing or renewing policy containing large-deductible agreement; exception.

Except when otherwise specifically approved by the Commissioner in writing or by electronic communication, any insurer determined to be in a hazardous financial condition pursuant to NRS 680A.205, or the equivalent provisions of law in any other state as determined by the Commissioner, is prohibited from issuing or renewing a policy that includes a large-deductible agreement.  (Added to NRS by 2017, 2344)
NV Rev Stat § 686B.1787 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1787 - Insurer or advisory organization may request hearing before Commissioner.

Any insurer or advisory organization, to which is directed any order made or action taken by the Commissioner without a hearing, may request a hearing before the Commissioner.  (Added to NRS by 1995, 2054)
NV Rev Stat § 686B.1789 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.1789 - Provisions governing hearing.

A hearing required by any of the provisions of NRS 686B.1751 to 686B.1799, inclusive, is governed by NRS 679B.310 to 679B.370, inclusive, except that any limits of time imposed by NRS 686B.1751 to 686B.1799, inclusive, control.  (Added to NRS by 1995, 2054; A 2017, 2348)
NV Rev Stat § 686B.179 (2021)
2021 Nevada Revised Statutes|Chapter 686B - Rates and Essential Insurance|NRS 686B.179 - Revocation or suspension of license.

The Commissioner may, after notice and hearing, revoke or suspend the license of an advisory organization for failure to comply with the provisions of this chapter.  (Added to NRS by 1995, 2055)