reglab/housing_qa huggingface dataset:
NV Rev Stat § 683A.08528 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.08528 - Annual report: Requirements; review by Commissioner.

  1. Not later than 90 days after the expiration of the fiscal year of the administrator, or within such other period as the Commissioner may allow, each holder of a certificate of registration as an administrator shall file with the Commissioner an annual report for that fiscal year. Each annual report must be verified by at least two officers of the administrator.  2. Each annual report filed pursuant to this section must include all the following:  (a) A financial statement of the administrator that has been reviewed by an independent certified public accountant.  (b) The complete name and address of each person, if any, for whom the administrator agreed to act as an administrator during the fiscal year.  (c) A statement regarding the total money handled by the administrator on behalf of contracted entities in connection with his or her activities as an administrator. The statement must be on a form prescribed or approved by the Commissioner for the purpose of calculating the amount of the bond required by NRS 683A.0857.  (d) Any other information required by the Commissioner.  3. Except as otherwise provided in subsection 4, in addition to the information required pursuant to subsection 2, if an annual report is prepared on a consolidated basis, the annual report must include supplemental exhibits that:  (a) Have been reviewed by an independent certified public accountant; and  (b) Include a balance sheet and income statement for each holder of a certificate of registration as an administrator in this State.  4. In lieu of complying with the requirements set forth in paragraphs (a) and (b) of subsection 3, an administrator who is a wholly owned subsidiary of a parent company may submit to the Commissioner:  (a) The financial statement of the parent company that has been audited by an independent certified public accountant; and  (b) A parental guaranty that is signed by an officer of the parent company and which guarantees the financial solvency of the administrator.  5. The Commissioner shall, for each administrator, review the annual report that is most recently filed by the administrator. As soon as practicable after reviewing the report, the Commissioner shall issue a certificate to the administrator indicating that, based on the annual report and accompanying financial statement, the administrator is currently licensed and in good standing in this State.  (Added to NRS by 1999, 2792; A 2003, 3290; 2007, 3318; 2015, 3464; 2019, 1698)
NV Rev Stat § 683A.0853 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0853 - Waiver of requirements for administrator’s certificate.

The Commissioner may waive any requirement which the Commissioner has promulgated for issue of an administrator’s certificate to any person or class of persons. In so doing the Commissioner shall consider, without limitation:  1. Whether the person acting as an administrator is primarily involved in a business other than that of administrator.  2. Whether the financial strength and history of the organization to which the applicant belongs, or which is the applicant, indicates stability in its continuity of doing business.  3. Whether the regular duties being performed by an administrator are such that the persons to be insured are not likely to be injured by a waiver of requirements.  (Added to NRS by 1977, 732)
NV Rev Stat § 683A.0857 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0857 - Bond: Requirement; amount; conditions; cancellation.

  1. Each administrator shall file with the Commissioner a bond with an authorized surety in favor of the State of Nevada, continuous in form and in an amount determined by the Commissioner of not less than $100,000.  2. The Commissioner shall establish schedules for the amount of the bond required, based on the amount of money received and distributed by an administrator.  3. The bond must inure to the benefit of any person damaged by any fraudulent act or conduct of the administrator and must be conditioned upon faithful accounting and application of all money coming into the administrator’s possession in connection with his or her activities as an administrator.  4. The bond remains in force until released by the Commissioner or cancelled by the surety. Without prejudice to any liability previously incurred, the surety may cancel the bond upon 90 days’ advance notice to the administrator and the Commissioner. An administrator’s certificate is automatically suspended if the administrator does not file with the Commissioner a replacement bond before the date of cancellation of the previous bond. A replacement bond must meet all requirements of this section for the initial bond.  (Added to NRS by 1977, 732; A 1985, 480; 1999, 2794)
NV Rev Stat § 683A.086 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.086 - Agreement with insurer required; contents of agreement; retention of copy of agreement; trust agreements; regulations specifying permissible functions; termination of agreement.

  1. No person may act as an administrator unless the person has entered into a written agreement with an insurer, and the written agreement contains provisions to effectuate the requirements contained in NRS 683A.08522 to 683A.08528, inclusive, 683A.087 to 683A.0883, inclusive, and 683A.0892 which apply to the duties of the administrator.  2. The written agreement must set forth:  (a) The duties the administrator will be required to perform on behalf of the insurer; and  (b) The lines, classes or types of insurance that the administrator is authorized to administer on behalf of the insurer.  3. A copy of an agreement entered into under the provisions of this section must be retained in the records of the administrator and of the insurer for a period of 5 years after the termination of the agreement.  4. When a policy is issued to a trustee or trustees, a copy of the trust agreement and amendments must be obtained by the administrator and a copy forwarded to the insurer. Each agreement must be retained by the administrator and the insurer for a period of 5 years after the termination of the policy.  5. The Commissioner may adopt regulations which specify the functions an administrator may perform on behalf of an insurer.  6. The insurer or administrator may, upon written notice to the other party to the agreement and to the Commissioner, terminate the written agreement for any cause specified in the agreement. The insurer may suspend the authority of the administrator while any dispute regarding the cause for termination is pending. The insurer shall perform any obligations with respect to the policies affected by the agreement regardless of any dispute with the administrator.  (Added to NRS by 1977, 730; A 1985, 480; 1999, 1646, 2794)
NV Rev Stat § 683A.0863 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0863 - Payments to administrator.

  1. Payment by or on behalf of an insured to an administrator shall be deemed to have been received by the insurer.  2. Payment to the administrator by the insurer of return premiums or claim settlements shall not be deemed to be payment to the insured or claimant until the money is received by the insured or claimant.  3. This section does not limit any right of the insurer against the administrator resulting from a failure to make payments to an insurer, insured or claimant.  (Added to NRS by 1977, 730)
NV Rev Stat § 683A.0868 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0868 - Prohibiting fee to include provider of health care on panel; penalty; costs and attorney’s fees; suspension of activities.

   1. If an administrator establishes a panel of providers of health care or contracts with an organization that establishes a panel of providers of health care, the administrator shall not charge a provider of health care or such an organization:  (a) Any fee to include the name of the provider of health care on the panel; or  (b) Any other fee related to establishing the provider of health care as a provider on the panel.  2. If an administrator violates the provisions of subsection 1, the administrator shall pay to the provider of health care or organization, as appropriate, an amount that is equal to twice the fee charged to the provider of health care or the organization.  3. A court shall award costs and reasonable attorney’s fees to the prevailing party in any action brought to enforce the provisions of this section.  4. In addition to any relief granted pursuant to this section, if an administrator violates the provisions of subsection 1, the Division shall require the administrator to suspend the prohibited activities until the administrator, as determined by the Division:  (a) Complies with the provisions of subsection 1; and  (b) Refunds to all providers of health care or organizations, as appropriate, all fees obtained by the administrator in violation of subsection 1.  (Added to NRS by 2007, 3318)
NV Rev Stat § 683A.087 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.087 - Advertising.

An administrator may advertise the insurance which he or she administers only after the administrator receives the approval of the insurer who underwrites the business involved.  (Added to NRS by 1977, 731; A 1999, 2795)
NV Rev Stat § 683A.0873 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0873 - Records of administrator: Retention; examination by Commissioner and insurer.

  1. Each administrator shall maintain at his or her principal office adequate books and records of all transactions between the administrator, the insurer and the insured. The books and records must be maintained in accordance with prudent standards of recordkeeping for insurance and with regulations of the Commissioner for a period of 5 years after the transaction to which they respectively relate. After the 5-year period, the administrator may remove the books and records from the State, store their contents on microfilm or return them to the appropriate insurer.  2. The Commissioner may examine, audit and inspect books and records maintained by an administrator under the provisions of this section to carry out the provisions of NRS 679B.230 to 679B.300, inclusive.  3. The names and addresses of insured persons and any other material which is in the books and records of an administrator are confidential except as otherwise provided in NRS 239.0115 and except when used in proceedings against the administrator.  4. The insurer may inspect and examine all books and records to the extent necessary to fulfill all contractual obligations to insured persons, subject to restrictions in the written agreement between the insurer and administrator.  (Added to NRS by 1977, 730; A 1983, 462; 1999, 2795; 2007, 2157)
NV Rev Stat § 683A.0877 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0877 - Fiduciary accounts: Deposits; records; withdrawals.

  1. All insurance charges and premiums collected by an administrator on behalf of an insurer and return premiums received from an insurer are held by the administrator in a fiduciary capacity.  2. Money must be remitted within 15 days to the person or persons entitled to it, or be deposited within 15 days in one or more fiduciary accounts established and maintained by the administrator in a bank, credit union or other financial institution in this state. The fiduciary accounts must be separate from the personal or business accounts of the administrator.  3. If charges or premiums deposited in an account have been collected for or on behalf of more than one insurer, the administrator shall cause the bank, credit union or other financial institution where the fiduciary account is maintained to record clearly the deposits and withdrawals from the account on behalf of each insurer.  4. The administrator shall promptly obtain and keep copies of the records of each fiduciary account and shall furnish any insurer with copies of the records which pertain to him or her upon demand of the insurer.  5. The administrator shall not pay any claim by withdrawing money from his or her fiduciary account in which premiums or charges are deposited.  6. Withdrawals must be made as provided in the agreement between the insurer and the administrator for:  (a) Remittance to the insurer.  (b) Deposit in an account maintained in the name of the insurer.  (c) Transfer to and deposit in an account for the payment of claims.  (d) Payment to a group policyholder for remittance to the insurer entitled to the money.  (e) Payment to the administrator of the commission, fees or charges of the administrator.  (f) Remittance of return premiums to persons entitled to them.  7. The administrator shall maintain copies of all records relating to deposits or withdrawals and, upon the request of an insurer, provide the insurer with copies of those records.  (Added to NRS by 1977, 731; A 1999, 1549, 2795)
NV Rev Stat § 683A.088 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.088 - Payment of claims by check or draft.

Each claim paid by the administrator from money collected for or on behalf of an insurer must be paid by a check or draft upon and as authorized by the insurer.  (Added to NRS by 1977, 731; A 1999, 2796)
NV Rev Stat § 683A.0883 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0883 - Basis for compensation of administrator.

  1. The compensation paid to an administrator for his or her services may be based upon premiums or charges collected, on number of claims paid or processed or on any other basis agreed upon by the administrator and the insurer, except as provided in subsection 2.  2. Compensation paid to an administrator may not be based upon or contingent upon:  (a) The claim experience of the policies that he or she handles; or  (b) The savings realized by the administrator by adjusting, settling or paying the losses covered by an insurer.  (Added to NRS by 1977, 731; A 1999, 2796)
NV Rev Stat § 683A.0887 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0887 - Disclosure of information to insurer and insured.

  1. Each administrator shall advise each insured, by means of a written notice approved by the insurer, of the identity of and relationship among the insurer, administrator and insured.  2. An administrator who seeks to collect premiums or charges shall clearly set forth in writing to the insured the amount of premium or charge set by the insurer for the insurance coverage and the reason for the collection of the premium or charge. Each charge must be set forth separately from the premium.  3. The administrator shall disclose to an insurer, in writing, all charges, fees and commissions the administrator receives in connection with the provision of administrative services for the insurer, including, without limitation, the fees and commissions paid by insurers providing reinsurance or excess of loss insurance.  (Added to NRS by 1977, 732; A 1999, 2796)
NV Rev Stat § 683A.089 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.089 - Delivery to insureds of communications of insurer.

The administrator shall deliver or cause to be delivered to insured persons any written communications of an insurer which are given to the administrator for delivery.  (Added to NRS by 1977, 733)
NV Rev Stat § 683A.0893 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.0893 - Penalty for acting without certificate of registration.

Any person who acts as an administrator without having applied for and received from the Commissioner a certificate of registration as an administrator shall be fined not less than $300 nor more than $2,000.  (Added to NRS by 1977, 733)
NV Rev Stat § 683A.090 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.090 - License required; administrative fine.

  1. A managing general agent, whether or not located in this state, shall not be or act as such with respect to the business of an insurer in this state unless licensed as such under this Code.  2. A person who acts as a managing general agent in this state without a license may be assessed an administrative fine of not more than $1,000 for each violation.  (Added to NRS by 1971, 1637; A 1997, 3024; 2001, 2203)
NV Rev Stat § 683A.140 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.140 - Licensing of firm or corporation.

  1. A firm or corporation may be licensed as a managing general agent.  2. A resident firm or corporation which has more than one office in this state is a single licensee for the purposes of being appointed by insurers and the authority of natural persons to act for the firm or corporation. Such a firm or corporation must obtain a copy of its license for each location, but only must obtain one original license as a managing general agent.  3. For licensing as a managing general agent, each general partner and each natural person to act for the firm, or each natural person to act for the corporation, must be named in the license and must qualify as an individual licensee. A natural person who is authorized to act for a firm or corporation and who also wishes to be licensed in an individual capacity must obtain a separate license in his or her own name. The Commissioner shall charge appropriate fees for each person who is licensed to act for a firm or corporation and who is named on the license.  4. The licensee shall promptly notify the Commissioner of all changes among its members, directors and officers, and among other persons named in the license. The licensee shall provide to the Commissioner upon request information concerning officers or owners of the firm or corporation who are not named in the license.  (Added to NRS by 1971, 1639; A 1981, 488; 1983, 915; 1985, 481; 2001, 2204)
NV Rev Stat § 683A.160 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.160 - Application for license.

  1. Each applicant for a license as a managing general agent must submit with his or her application:  (a) The appointment of the applicant as a managing general agent by each insurer or underwriter department to be so represented; and  (b) The application and license fee specified in NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110.  2. Each applicant must, as part of his or her application and at the applicant’s own expense:  (a) Arrange to have a complete set of his or her fingerprints taken by a law enforcement agency or other authorized entity acceptable to the Commissioner; and  (b) Submit to the Commissioner:  (1) A completed fingerprint card and written permission authorizing the Commissioner to submit the applicant’s fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Commissioner deems necessary; or  (2) Written verification, on a form prescribed by the Commissioner, stating that the fingerprints of the applicant were taken and directly forwarded electronically or by another means to the Central Repository and that the applicant has given written permission to the law enforcement agency or other authorized entity taking the fingerprints to submit the fingerprints to the Central Repository for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Commissioner deems necessary.  3. The Commissioner may:  (a) Unless the applicant’s fingerprints are directly forwarded pursuant to subparagraph (2) of paragraph (b) of subsection 2, submit those fingerprints to the Central Repository for submission to the Federal Bureau of Investigation and to such other law enforcement agencies as the Commissioner deems necessary;  (b) Request from each such agency any information regarding the applicant’s background as the Commissioner deems necessary; and  (c) Adopt regulations concerning the procedures for obtaining this information.  (Added to NRS by 1971, 1641; A 2003, 2867; 2009, 1771; 2011, 3357)
NV Rev Stat § 683A.171 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.171 - Definitions.

As used in NRS 683A.171 to 683A.179, inclusive, unless the context otherwise requires, the words and terms defined in NRS 683A.172 to 683A.176, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2017, 4307)
NV Rev Stat § 683A.172 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.172 - "Covered person" defined.

Covered person means a person who is covered by a pharmacy benefits plan.  (Added to NRS by 2017, 4307)
NV Rev Stat § 683A.173 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.173 - "Pharmacy" defined.

Pharmacy has the meaning ascribed to it in NRS 639.012.  (Added to NRS by 2017, 4307)
NV Rev Stat § 683A.174 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.174 - "Pharmacy benefit manager" defined.

Pharmacy benefit manager means an entity that contracts with or is employed by a third party and manages the pharmacy benefits plan provided by the third party.  (Added to NRS by 2017, 4307)
NV Rev Stat § 683A.175 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.175 - "Pharmacy benefits plan" defined.

Pharmacy benefits plan means coverage of prescription drugs provided by a third party.  (Added to NRS by 2017, 4307)
NV Rev Stat § 683A.176 (2021)
2021 Nevada Revised Statutes|Chapter 683A - Persons Involved in Sale or Administration of Insurance|NRS 683A.176 - "Third party" defined. [Effective through December 31, 2019.]

Third party means:  1. An insurer, as that term is defined in NRS 679B.540;  2. A health benefit plan, as that term is defined in NRS 689A.540, for employees which provides a pharmacy benefits plan;  3. A participating public agency, as that term is defined in NRS 287.04052, and any other local governmental agency of the State of Nevada which provides a system of health insurance for the benefit of its officers and employees, and the dependents of officers and employees, pursuant to chapter 287 of NRS; or  4. Any other insurer or organization that provides health coverage or benefits or coverage of prescription drugs as part of workers’ compensation insurance in accordance with state or federal law.  The term does not include an insurer that provides coverage under a policy of casualty or property insurance.  (Added to NRS by 2017, 4307)