reglab/housing_qa huggingface dataset:
NV Rev Stat § 685A.020 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.020 - Exemptions.

The Nonadmitted Insurance Law shall not apply to reinsurance, or to the following insurances when placed by general lines agents or general lines brokers or surplus lines brokers licensed as such by this state or when procured directly by an insured from a nonadmitted insurer:  1. Wet marine and transportation insurance;  2. Insurance of subjects located, resident or to be performed wholly outside of this state, or on vehicles or aircraft owned and principally garaged outside this state;  3. Insurance of property and operations of railroads engaged in interstate commerce;  4. Insurance of aircraft of common carriers, or cargo of such aircraft, or against liability, other than employer’s liability, arising out of the ownership, maintenance or use of such aircraft; or  5. Insurance of automobile bodily injury and property damage liability risks when written in Mexican insurers and covering in Mexico and not in the United States of America.  (Added to NRS by 1971, 1673; A 2011, 2012)
NV Rev Stat § 685A.025 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.025 - Applicability.

Except as otherwise provided in NRS 685A.020, this chapter applies to nonadmitted insurance.  (Added to NRS by 2011, 2011)
NV Rev Stat § 685A.030 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.030 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 685A.031 to 685A.039, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1971, 1673; A 2011, 2012; 2019, 1701)
NV Rev Stat § 685A.031 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.031 - "Broker" defined.

Broker means a surplus lines broker duly licensed as such under this chapter.  (Added to NRS by 2011, 2010)
NV Rev Stat § 685A.0315 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.0315 - "Domestic surplus lines insurer" defined.

Domestic surplus lines insurer means an insurer which is authorized by the Commissioner to accept surplus lines insurance pursuant to NRS 685A.072.  (Added to NRS by 2019, 1700)
NV Rev Stat § 685A.032 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.032 - "Exempt commercial purchaser" defined.

  1. "Exempt commercial purchaser" means any person or political subdivision of this State purchasing commercial insurance:  (a) Who, at the time of placement, employs or retains a qualified risk manager to negotiate insurance coverage;  (b) Who, at the time of placement, has paid aggregate nationwide commercial property and casualty insurance premiums of more than $100,000 in the immediately preceding 12 months; and  (c) Who, at the time of placement, satisfies one of the following conditions:  (1) Possesses a net worth of more than $20,000,000;  (2) Generates annual revenues of more than $50,000,000;  (3) Employs more than 500 full-time or full-time equivalent employees or is a member of an affiliated group that employs more than 1,000 employees in the aggregate;  (4) Is a nonprofit organization or public entity that generates annual budgeted expenditures of $30,000,000 or more; or  (5) Is a city whose population is 25,000 or more or a county whose population is 20,000 or more.  2. The amounts set forth in subparagraphs (1), (2) and (4) of paragraph (c) of subsection 1 must be adjusted on or before January 1, 2015, and every 5 years thereafter to reflect inflation, as measured by the average percentage of increase or decrease in the Consumer Price Index for All Urban Consumers of the United States Department of Labor, Bureau of Labor Statistics for the preceding 5 years. The Commissioner shall determine the amount of the increase or decrease required by this subsection and establish the adjusted amounts to take effect on January 1 of that year.  (Added to NRS by 2011, 2010)
NV Rev Stat § 685A.033 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.033 - "Export" defined.

Export means to place insurance in an unauthorized insurer under this chapter.  (Added to NRS by 2011, 2010)
NV Rev Stat § 685A.034 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.034 - "Home state" defined.

Home state means:  1. For an insured:  (a) The state in which the insured maintains its principal place of business or, in the case of an individual, the individual’s principal residence; or  (b) If 100 percent of the insured risk is located outside of the state determined pursuant to paragraph (a), the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated.  2. If more than one insured from an affiliated group is a named insured on a single nonadmitted insurance contract, the state determined pursuant to paragraph (a) of subsection 1 for the member of the affiliated group that has the largest percentage of premium attributed to it under the nonadmitted insurance contract.  3. For a policy of group insurance:  (a) If the group policyholder pays 100 percent of the premium from its own funds, the state determined pursuant to paragraph (a) of subsection 1 for the group policyholder.  (b) If the group policyholder does not pay 100 percent of the premium from its own funds, the state determined pursuant to paragraph (a) of subsection 1 for the group member.  (Added to NRS by 2011, 2010)
NV Rev Stat § 685A.035 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.035 - "Independently procured insurance" defined.

Independently procured insurance means insurance procured directly by an insured from a nonadmitted insurer.  (Added to NRS by 2011, 2011)
NV Rev Stat § 685A.036 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.036 - "Multi-state risk" defined.

Multi-state risk means a risk covered by a nonadmitted insurer to which the insured is exposed in more than one state.  (Added to NRS by 2011, 2011)
NV Rev Stat § 685A.037 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.037 - "Nonadmitted insurance" defined.

Nonadmitted insurance means any property and casualty insurance permitted to be placed directly or through a broker with a nonadmitted insurer eligible to accept such insurance. The term includes both independently procured insurance and surplus lines insurance.  (Added to NRS by 2011, 2011)
NV Rev Stat § 685A.0375 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.0375 - "Nonadmitted insurer" defined.

  1. "Nonadmitted insurer" means an insurer not authorized to engage in the business of insurance in this State.  2. The term includes a domestic surplus lines insurer.  3. The term does not include a risk retention group as that term is defined in 15 U.S.C. § 3901(a)(4).  (Added to NRS by 2011, 2011; A 2019, 1701)
NV Rev Stat § 685A.038 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.038 - "Principal place of business" defined.

Principal place of business means, for the purpose of determining the home state of the insured:  1. The state where the insured maintains its headquarters and where the insured’s high-level officers direct, control and coordinate its business activities;  2. If the insured’s high-level officers direct, control and coordinate its business activities in more than one state, the state in which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated; or  3. If the insured’s high-level officers direct, control and coordinate its business activities outside of any state, the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated.  (Added to NRS by 2011, 2011)
NV Rev Stat § 685A.0385 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.0385 - "Principal residence" defined.

Principal residence means, for the purpose of determining the home state of the insured:  1. The state where the insured resides for the greatest number of days during a calendar year; or  2. If the insured’s principal residence is located outside of any state, the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated.  (Added to NRS by 2011, 2011)
NV Rev Stat § 685A.039 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.039 - "Surplus lines insurance" defined.

Surplus lines insurance means insurance procured by an insured through a broker with a nonadmitted insurer eligible to accept such insurance.  (Added to NRS by 2011, 2011)
NV Rev Stat § 685A.040 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.040 - Conditions for export.

If this State is the insured’s home state and certain insurance coverages cannot be procured from authorized insurers, such coverages, designated in this chapter as nonadmitted insurance, may be procured from unauthorized insurers, subject to the following conditions:  1. The insurance must be procured through a broker licensed as such under this chapter or procured by an insured directly from a nonadmitted insurer as permitted by law.  2. Except as otherwise provided in subsection 5, the full amount of insurance required must not be procurable from an insurer authorized to engage in the business of insurance in this State, after diligent effort has been made to do so.  3. The insurance must not be so exported for the purpose of procuring it at a premium rate lower than would be accepted by any authorized insurer; difference in rates alone will not support the export of the insurance if any authorized insurer is able and willing to carry the risk.  4. Differences, bearing directly upon the cost of insurance, in the terms of policies which otherwise provide substantially the same coverage will not support the export of the insurance.  5. A broker is not required to make a diligent effort to determine whether the full amount or type of insurance can be obtained from admitted insurers when the broker is seeking to procure or place nonadmitted insurance for an exempt commercial purchaser if:  (a) The broker procuring or placing the nonadmitted insurance has disclosed to the exempt commercial purchaser that such insurance may or may not be available from the admitted market that may provide greater protection with more regulatory oversight; and  (b) The exempt commercial purchaser has subsequently requested in writing for the broker to procure or place such insurance from a nonadmitted insurer.  (Added to NRS by 1971, 1673; A 1971, 1939; 2011, 2013)
NV Rev Stat § 685A.050 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.050 - Broker’s report.

  1. At the time of effecting any surplus lines insurance for which this State is the home state, the broker shall, within 90 days after such insurance is so effected, submit a report, in the form prescribed or accepted by the Commissioner, setting forth facts from which it can be determined whether such insurance is eligible for export under NRS 685A.040.  2. The broker shall keep in his or her office the report prepared pursuant to subsection 1 along with the report of coverage and any other information the Commissioner requires.  3. The report prepared pursuant to subsection 1 must not be removed from the office of the broker and must be open to examination by the Commissioner or a representative of the Commissioner at all times within 5 years after issuance of the coverage to which it relates.  (Added to NRS by 1971, 1674; A 1987, 1149; 2011, 2013)
NV Rev Stat § 685A.060 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.060 - Open lines for export.

  1. The Commissioner may by order declare eligible for export generally and without compliance with subsections 2, 3 and 4 of NRS 685A.040 and NRS 685A.050, any class or classes of insurance coverage or risk for which the Commissioner finds that there is not a reasonable or adequate market among authorized insurers either as to acceptance of the risk, contract terms, or premium or premium rate. Any such order shall continue in effect during the existence of the conditions upon which predicated, but subject to earlier termination by the Commissioner.  2. For surplus lines insurance, the broker shall file with or as directed by the Commissioner a memorandum as to each such coverage placed by the broker in an unauthorized insurer, in such form and context as the Commissioner may reasonably require for the identification of the coverage and determination of the tax payable to the State relative thereto.  3. The broker, or a licensed Nevada agent of the authorized insurer or a general lines broker, may also place with authorized insurers any insurance coverage made eligible for export generally under subsection 1, and without regard to rate or form filings which may otherwise be applicable to the authorized insurer. As to coverages so placed in an authorized insurer the premium tax thereon shall be reported and paid by the insurer as required generally under chapter 680B of NRS.  (Added to NRS by 1971, 1674; A 2011, 2013)
NV Rev Stat § 685A.072 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.072 - Domestic surplus lines insurer: Designation; authority; requirements for broker who places surplus lines insurance with insurer; applicability of other provisions.

  1. An insurer which is domiciled in this State may be designated as a domestic surplus lines insurer by the Commissioner if:  (a) The insurer possesses capital and surplus of not less than $15,000,000; or  (b) The Commissioner makes an affirmative finding of acceptability pursuant to subsection 3 of NRS 685A.070.  2. A designation by the Commissioner of an insurer as a domestic surplus lines insurer must be in writing.  3. A domestic surplus lines insurer may accept surplus lines insurance in any jurisdiction in which it is eligible.  4. A broker who places surplus lines insurance with a domestic surplus lines insurer shall comply with:  (a) The provisions of NRS 685A.175 and 685A.180; and  (b) All other provisions of this chapter which apply to the export of nonadmitted insurance for an insured for which this State is the home state.  5. Except as otherwise provided by specific statute, the provisions of this Code regarding financial and solvency requirements apply to a domestic surplus lines insurer.  6. The provisions of chapter 686C and 687A of NRS do not apply to a domestic surplus lines insurer.  (Added to NRS by 2019, 1700)
NV Rev Stat § 685A.077 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.077 - Immunity from civil liability given to Commissioner, Division and nonprofit organizations for certain acts; Commissioner authorized to classify certain communications as confidential; limitations.

  1. The Commissioner, the Division and employees of the Division, and any nonprofit organization of surplus lines brokers formed pursuant to NRS 685A.075 and its members, officers, committee members, agents and employees are not liable in a civil action for any act performed in good faith and within the scope of their duties or the exercise of their authority pursuant to this chapter.  2. The Commissioner may, pursuant to NRS 679B.190, classify as confidential:  (a) Any investigation conducted by a nonprofit organization of surplus lines brokers formed pursuant to NRS 685A.075; and  (b) Any communications between such an organization and the Commissioner and other appropriate authorities pursuant to this chapter.  3. The immunities and privileges provided by this section do not affect:  (a) The availability of any other immunities or privileges otherwise provided by law; or  (b) Any rights of hearing and review otherwise provided in this chapter.  (Added to NRS by 1997, 3028)
NV Rev Stat § 685A.080 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.080 - Evidence of insurance; changes; penalty.

  1. Upon placing a surplus lines coverage, the broker shall promptly issue and deliver to the insured evidence of the insurance consisting either of the policy as issued by the insurer or, if such a policy is not then available, the surplus lines broker’s certificate executed by the broker or a cover note. Such a certificate or cover note must show the description and location of the subject of the insurance, coverage, conditions and term of the insurance, the premium and rate charged and taxes collected from the insured, and the name and address of the insured and insurer and must state that the broker has verified that the insurance described has been granted or issued. If the direct risk is assumed by more than one insurer, the certificate must state the name and address and proportion of the entire direct risk assumed by each such insurer.  2. A broker shall not issue any such certificate or any cover note, or purport to insure or represent that insurance will be or has been granted by any unauthorized insurer, unless the broker has prior written authority from the insurer for the insurance, or has received information from the insurer in the regular course of business that the insurance has been granted, or an insurance policy providing the insurance actually has been issued by the insurer and delivered to the insured.  3. If after the issuance and delivery of any such certificate there is any change as to the identity of the insurers, or the proportion of the direct risk assumed by an insurer as stated in the broker’s original certificate, or in any other material respect as to the insurance evidenced by the certificate, the broker shall promptly issue and deliver to the insured a substitute certificate accurately showing the current status of the coverage and the insurers responsible thereunder.  4. If a policy issued by the insurer is not available upon placement of the insurance and the broker has issued and delivered a certificate as provided in this section, upon request therefor by the insured the broker shall as soon as reasonably possible procure from the insurer its policy evidencing the insurance and deliver the policy to the insured in replacement of the broker’s certificate theretofore issued.  5. Any surplus lines broker who knowingly or negligently issues a false certificate of insurance or who fails promptly to notify the insured of any material change with respect to the insurance by delivery to the insured of a substitute certificate as provided in subsection 3 is subject to the penalty provided by NRS 679A.180 or to any greater applicable penalty otherwise provided by law.  (Added to NRS by 1971, 1675; A 1979, 1922; 2003, 3301)
NV Rev Stat § 685A.090 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.090 - Contracts for nonadmitted coverage: Requirements.

Each insurance contract procured and delivered as a nonadmitted coverage pursuant to this chapter must have conspicuously stamped upon it: This insurance contract is issued pursuant to the Nevada insurance laws by an insurer neither licensed by nor under the supervision of the Division of Insurance of the Department of Business and Industry of the State of Nevada. If the insurer is found insolvent, a claim under this contract is not covered by the Nevada Insurance Guaranty Association Act.  (Added to NRS by 1971, 1676; A 1981, 676; 1991, 1628; 1993, 1917; 2003, 3301; 2011, 2016)
NV Rev Stat § 685A.100 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.100 - Coverage from unauthorized insurer valid.

Insurance contracts procured as nonadmitted coverage from unauthorized insurers in accordance with this chapter shall be fully valid and enforceable as to all parties, and shall be given recognition in all matters and respects to the same effect as like contracts issued by authorized insurers.  (Added to NRS by 1971, 1676; A 2011, 2016)
NV Rev Stat § 685A.110 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.110 - Liability of insurer.

  1. As to a surplus lines risk which has been assumed by an unauthorized insurer pursuant to the Nonadmitted Insurance Law, and if the premium thereon has been received by the surplus lines broker who placed such insurance, in all questions thereafter arising under the coverage between the insurer and the insured the insurer shall be deemed to have received the premium due to it for such coverage; and the insurer shall be liable to the insured for losses covered by such insurance, and for unearned premiums which may become payable to the insured upon cancellation of such insurance, whether or not in fact the broker is indebted to the insurer with respect to such insurance or for any other cause.  2. Each unauthorized insurer assuming a surplus lines risk under the Nonadmitted Insurance Law shall be deemed thereby to have subjected itself to the terms of this section.  (Added to NRS by 1971, 1676; A 2011, 2016)
NV Rev Stat § 685A.120 (2021)
2021 Nevada Revised Statutes|Chapter 685A - Nonadmitted Insurance|NRS 685A.120 - Licensing of brokers; expiration and renewal of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. No person may act as, hold himself or herself out as or be a surplus lines broker with respect to subjects of insurance for which this State is the insured’s home state unless the person is licensed as such by the Commissioner pursuant to this chapter.  2. Any person who has been licensed by this State as a producer of insurance for general lines for at least 6 months, or has been licensed in another state as a surplus lines broker and continues to be licensed in that state, and who is deemed by the Commissioner to be competent and trustworthy with respect to the handling of surplus lines may be licensed as a surplus lines broker upon:  (a) Application for a license and payment of all applicable fees for a license;  (b) Submitting the statement required pursuant to NRS 685A.127; and  (c) Passing any examination prescribed by the Commissioner on the subject of surplus lines.  3. An application for a license must be submitted to the Commissioner on a form designated and furnished by the Commissioner. The application must include the social security number of the applicant.  4. A license issued pursuant to this chapter continues in force for 3 years unless it is suspended, revoked or otherwise terminated. The license may be renewed upon submission of the statement required pursuant to NRS 685A.127 and payment of all applicable fees for renewal to the Commissioner on or before the last day of the month in which the license is renewable.  5. A license which is not renewed expires at midnight on the last day specified for its renewal. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the license if the request is accompanied by:  (a) The statement required pursuant to NRS 685A.127;  (b) All applicable fees for renewal; and  (c) A penalty in an amount that is equal to 50 percent of all applicable fees for renewal, except for any fee required pursuant to NRS 680C.110.  (Added to NRS by 1971, 1677; A 1977, 1329; 1981, 1019; 1985, 600; 1987, 462; 1995, 1102, 1617; 1997, 516, 2195; 1999, 2798; 2003, 3302; 2005, 2129; 2009, 1783; 2011, 2017; 2015, 2842)