reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.220 - Suspension of certificate of authority: Duration; insurer’s obligations during suspension period; reinstatement.

1. Suspension of an insurer’s certificate of authority must be for such period as the Commissioner specifies in the order of suspension, but not to exceed 1 year. During the suspension period the Commissioner may rescind or shorten the suspension by further order.
2. During the suspension period the insurer shall not solicit or write any new business in this state, but must file its annual statement, pay fees, licenses and taxes as required under this Code, and may service its business already in force in this state, as if the certificate of authority had continued in full force.
3. Upon expiration of the suspension period, if within such period the certificate of authority has not terminated, the insurer’s certificate of authority is automatically reinstated unless the Commissioner finds that the causes of the suspension, being other than a past event, are continuing, or that the insurer is otherwise not in compliance with the requirements of this Code, and of which the Commissioner shall give the insurer notice not less than 30 days in advance of expiration of the suspension period.
4. Upon reinstatement of the insurer’s certificate of authority, the authority of its agents in this state to represent the insurer is also reinstated. The Commissioner shall promptly notify the insurer and its agents in this state, of record in the Division, of such reinstatement.
(Added to NRS by 1971, 1586; A 1991, 1621; 1993, 1904)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.225 - Penalty for failure of insurer to comply with certain requirements for electronic maintenance, transmittal and exchange of health information. [Effective July 1, 2024.]

1. If the Commissioner receives notification from the Department of Health and Human Services pursuant to NRS 439.5895 that an insurer is not in compliance with the requirements of subsection 4 of NRS 439.589, the Commissioner may, after notice and the opportunity for a hearing in accordance with the provisions of this title, require corrective action or impose an administrative fine in the amount prescribed by NRS 680A.200.
2. The Commissioner shall not suspend or revoke the certificate of authority of an insurer for failure to comply with the requirements of subsection 4 of NRS 439.589.
(Added to NRS by 2023, 1855, effective July 1, 2024)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.230 - Applicability of general corporation laws to foreign insurers; exception.

The general corporation laws of this state do not apply to foreign insurers holding certificates of authority to transact insurance in this state, except as otherwise provided in NRS 80.190.
(Added to NRS by 1971, 1586; A 1971, 1933; 1987, 1063; 1989, 627; 1991, 1318)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.240 - Issuance of policies under additional titles: Registration; inclusion of such business in annual statement.

1. A property insurer or multiple line insurer authorized to transact insurance in Nevada shall have the right to issue property insurance policies under its own name and under additional "titles" or under additional "titles" duly registered by the insurer with the Commissioner.
2. A life insurer or multiple line insurer authorized to transact insurance in Nevada shall have the right to issue life or health insurance policies under its own name and under additional "titles" or under additional "titles" duly registered by the insurer with the Commissioner.
3. The Commissioner shall, upon the insurer’s request, furnish to the insurer the form required for such registration, and the insurer shall pay the fee for registration as specified in NRS 680B.010 (fee schedule). Registered titles shall be shown on the insurer’s certificate of authority and shall remain in effect for so long as the insurer’s certificate of authority is in effect, subject to earlier termination of the registration at the insurer’s request.
4. All business transacted by the insurer under additional titles shall be included in business and transactions of the insurer to be shown by its annual statement filed with the Commissioner, for all purposes under this Code.
(Added to NRS by 1971, 1586; A 2017, 2333)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.250 - Service of process: Appointment of Commissioner as attorney in fact for receipt required for certain insurers; methods of serving.

1. Before the Commissioner may authorize it to transact insurance in this state, each insurer must appoint the Commissioner as its attorney in fact to receive service of legal process issued against the insurer in this state. The appointment must be made on a form as designated and furnished by the Commissioner, and must be accompanied by a copy of a resolution of the board of directors or like governing body of the insurer, if an incorporated insurer, showing that those officers who executed the appointment were authorized to do so on behalf of the insurer.
2. The appointment must be irrevocable, must bind the insurer and any successor in interest to the assets or liabilities of the insurer, and must remain in effect as long as there is in force any contract of the insurer in this state or any obligation of the insurer arising out of its transactions in this state.
3. Service of such process against a foreign or alien insurer must be made only by service thereof upon the Commissioner.
4. Service of such process against a domestic insurer may be made as provided in this section, or in any other manner provided by Nevada Rules of Civil Procedure.
5. At the time of application for a certificate of authority the insurer shall file the appointment with the Commissioner, together with a designation of the person to whom process against it served upon the Commissioner is to be forwarded. The insurer shall provide written notice to the Commissioner of any change of such a designation by a new filing.
6. Service of process against an insurer for whom the Commissioner is attorney in fact must be made in accordance with NRS 680A.260.
(Added to NRS by 1971, 1587; A 1985, 607; 2021, 2943)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.260 - Service of process: Method of serving if Commissioner statutorily designated as attorney in fact for receipt; extension of time to appear; record.

1. If the Commissioner is designated by specific statute as attorney in fact for the purpose of receiving service of process, such service must be made by delivering to and leaving with the Division, one copy of the process, together with the fee therefor as specified in NRS 680B.010, taxable as costs in the action.
2. Upon such service, the Division shall forthwith forward such process, with the date and time of service of the same on the Division noted thereon, to the person currently designated to receive the copy as provided by specific statute. Service of process is complete when the copy has been so forwarded.
3. Process served in the manner provided by this section for all purposes constitutes valid and binding personal service within this state. If summons is served under this section, the time within which the insurer is required to appear must be extended an additional 10 days beyond that otherwise allowed by Nevada Rules of Civil Procedure.
4. The Commissioner shall keep a record of the day of service upon him or her of all legal process.
5. For the purposes of this section, "process" includes only a summons or the initial documents served in an action. The Commissioner is not required to serve any documents after the initial service of process.
(Added to NRS by 1971, 1587; A 1985, 608; 2021, 2944)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.265 - Annual financial statement: Filing; reporting of violation of law found during audit; penalty for failure to file; consolidation of statements prohibited; exception; regulations.

1. Except as otherwise provided in subsection 5, every:
(a) Domestic insurer;
(b) Fraternal benefit society authorized to do business in this State pursuant to chapter 695A of NRS; and
(c) Corporation subject to the provisions of chapter 695B of NRS,
shall file with the Commissioner, on or before June 1 of each year, a financial statement as of December 31 of the preceding calendar year that is certified by a certified public accountant who is not an employee of the insurer. The Commissioner may request a financial statement from a foreign or alien insurer.
2. If a certified public accountant finds any violation of the laws of this State during any audit he or she conducts pursuant to subsection 1, the certified public accountant shall, if the Commissioner has adopted regulations pursuant to subsection 6 pertaining to the reporting of a violation found during an audit, report the violation in accordance with those regulations.
3. An insurer who does not file a report pursuant to subsection 1 on or before June 1 of each year is subject to the penalty imposed pursuant to NRS 680A.280.
4. A statement filed with the Commissioner must not be a consolidated report with any other subsidiary, affiliate or parent company.
5. The provisions of this section do not apply to a domestic insurer who:
(a) Is not licensed or authorized to do business in any state other than Nevada; or
(b) Is exempted from the requirements of this section by order of the Commissioner for good cause shown.
6. The Commissioner may adopt reasonable regulations relating to annual audited financial reports to administer the provisions of this section.
(Added to NRS by 1991, 2026; A 1995, 1755)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.280 - Annual or other required statement: Penalties for failure to file or false statements.

1. Any insurer failing, without just cause beyond the reasonable control of the insurer, to file a statement as required in NRS 680A.265 and 680A.270 shall be required to pay a penalty of $100 for each day’s delay, but not to exceed $3,000 in aggregate amount, to be recovered in the name of the State of Nevada by the Attorney General.
2. Any director, officer, agent or employee of any insurer who subscribes to, makes or concurs in making or publishing, any annual or other statement required by law, knowing the same to contain any material statement which is false, is guilty of a gross misdemeanor.
(Added to NRS by 1971, 1588; A 2017, 2335; 2019, 1691)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.300 - Agent required; execution of emergency bond.

1. No authorized insurer may make, write, place, renew or cause to be made, placed or renewed, any policy or duplicate policy, endorsement or contract of insurance of any kind upon persons, property or risks resident, located or to be performed in this State, except through its duly appointed and licensed agents.
2. In any case where it is necessary to execute an emergency bond and a commissioned agent authorized to execute the bond is not present, a manager or other employee of the insurer having authority under a power of attorney may execute the bond in order to produce a valid contract between the insurer and the obligee. The commissioned agent who executes the bond shall make and retain an adequate office record of the transaction.
(Added to NRS by 1971, 1589; A 1981, 704; 2009, 1765; 2019, 1691)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.500 - Definitions.

As used in NRS 680A.500 to 680A.600, inclusive, unless the context otherwise requires, the words and terms defined in NRS 680A.510 and 680A.520 have the meanings ascribed to them in those sections.
(Added to NRS by 2017, 611; A 2023, 2621)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.510 - "Deliver by electronic means" defined.

"Deliver by electronic means" means:
1. To deliver to an electronic mail address at which a party has consented to receive notices or documents; or
2. To post a notice or document on an electronic network or website accessible via the Internet or a mobile application or using a computer, mobile device, tablet or any other electronic device and to deliver a separate notice of the posting of the notice or document to an electronic mail address at which a party has consented to receive notices or documents.
(Added to NRS by 2017, 611)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.530 - Applicability.

The provisions of NRS 680A.500 to 680A.600, inclusive:
1. Do not apply to a notice or other document delivered by an insurer in an electronic form before October 1, 2017, to a party who consented before that date to receive the notice or other document in an electronic form which was authorized by law at the time of delivery; and
2. Shall not be construed to affect any other provision of law relating to the content or timing of delivery of any notice or other document.
(Added to NRS by 2017, 611; A 2023, 2621)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.540 - Authority to deliver by electronic means certain types of notices or documents in certain circumstances; delivery by electronic means satisfies requirements of Nevada Insurance Code regarding delivery in physical form.

1. A notice to a party or any other document which is required by law to be provided as part of an insurance transaction or which serves as evidence of insurance coverage may be delivered by electronic means if such delivery satisfies the requirements of chapter 719 of NRS and NRS 680A.550.
2. The delivery of a notice or other document pursuant to subsection 1 is deemed to satisfy any requirement of this Code to deliver a notice or other document in physical form, including, without limitation, by:
(a) Mail;
(b) Mail, postage prepaid;
(c) Certified mail;
(d) Certified mail, return receipt requested;
(e) First-class mail;
(f) Registered mail;
(g) Registered mail, return receipt requested; or
(h) Overnight delivery using a nationally recognized carrier.
(Added to NRS by 2017, 611)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.555 - Authority of plan sponsor of health plan to consent to delivery by electronic means on behalf of party covered by health plan; requirements and restrictions for delivery by electronic means to party covered by health plan.

1. The plan sponsor of a health plan may, on behalf of a party covered by the health plan, provide the consent for delivery of any notice or other document relating to the health plan required by paragraph (a) of subsection 1 of NRS 680A.550.
2. Before providing consent on behalf of a party covered by the health plan pursuant to subsection 1, the plan sponsor must confirm, using reasonable means, that the party routinely uses electronic communications during the normal course of employment.
3. Before delivering by electronic means any notice or other document to a party on whose behalf a plan sponsor has provided consent pursuant to subsection 1, the insurer for the health plan must:
(a) Provide the party an opportunity to opt out of delivery by electronic means; and
(b) Document that the conditions set forth in paragraphs (b) to (e), inclusive, of subsection 1 of NRS 680A.550 are satisfied.
4. A notice of cancellation, nonrenewal or termination of a health plan must be sent to a party covered by the health plan by mail unless the notice is delivered by electronic means in a manner that provides for the verification of the receipt of the notice.
5. As used in this section:
(a) "Health plan" means a policy, contract, certificate or agreement entered into, offered by or issued by an insurer to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services, including, without limitation, services relating to vision or dental care.
(b) "Plan sponsor" means a person, other than a person regulated by the Commissioner or Division, who establishes, adopts or maintains a health plan that covers residents of this State. The term includes, without limitation:
(1) An employer who establishes, adopts or maintains such a health plan;
(2) An employer and one or more employee organizations that jointly establish, adopt or maintain such a health plan; and
(3) An association, committee, joint board or trustees or any similar group of representatives that establish, adopt or maintain such a health plan.
(Added to NRS by 2023, 2620)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.560 - Circumstances in which insurer required to cease delivery by electronic means.

An insurer shall cease delivering by electronic means any notice or other document and shall deliver such notices and other documents by any other delivery method authorized by law if:
1. The insurer attempts to deliver by electronic means a notice or other document and has a reasonable basis to believe that the notice or other document was not received by the party; or
2. The insurer becomes aware that the electronic mail address provided by the party is no longer valid.
(Added to NRS by 2017, 613)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.570 - Withdrawal of consent to delivery by electronic means.

1. The withdrawal of consent by a party to delivery by electronic means does not affect the legal effectiveness, validity or enforceability of a notice or other document delivered by electronic means to the party before the withdrawal of consent is effective.
2. A withdrawal of consent by a party becomes effective within a reasonable period of time after receipt of the withdrawal of consent by the insurer.
3. The failure of an insurer to comply with the provisions of paragraph (e) of subsection 1 of NRS 680A.550 or 680A.580 is deemed to constitute a withdrawal of consent to delivery by electronic means unless a party elects to continue to grant consent.
(Added to NRS by 2017, 613)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.580 - Effect of consent to delivery by electronic means given before October 1, 2017.

If a party consented to the delivery by electronic means of certain notices or documents by an insurer before October 1, 2017, the insurer may continue to deliver by electronic means such notices or documents if, before delivering by electronic means such notices or documents, the insurer provides the party with:
1. A statement that describes:
(a) Any notices or documents to be delivered by electronic means pursuant to NRS 680A.500 to 680A.600, inclusive, which were not previously delivered by electronic means; and
(b) The right of the party to withdraw consent without the imposition of any condition or consequence that was not disclosed at the time the party gave consent; and
2. A statement that satisfies the requirements of paragraph (b) of subsection 1 of NRS 680A.550.
(Added to NRS by 2017, 613)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.590 - Enforceability of contract or policy of insurance if electronic consent or confirmation of consent not obtained; producer of insurance not subject to civil liability for delivery or failure to deliver by electronic means; relation to Electronic Signatures in Global and National Commerce Act.

1. The failure to obtain the electronic consent or confirmation of consent of a party pursuant to paragraph (c) of subsection 1 of NRS 680A.550 may not be the sole basis for determining that a contract or policy of insurance is not legally effective, valid or enforceable.
2. A producer of insurance is not subject to civil liability for any harm or injury that occurs as a result of the election of a party for the delivery by electronic means of any notice or other document or for the failure of an insurer to deliver by electronic means a notice or other document.
3. Nothing in NRS 680A.500 to 680A.600, inclusive, shall be construed to modify, limit or supersede the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. §§ 7001 et seq.
(Added to NRS by 2017, 613)
2023 Nevada Revised Statutes › Chapter 680A - Authorization of Insurers and General Requirements › NRS 680A.600 - Insurer authorized to satisfy requirement to mail or deliver a standard policy of property or casualty insurance or standard endorsement of such policy which does not contain personally identifiable information by posting on Internet website in certain circumstances.

If a standard policy of property or casualty insurance or a standard endorsement of such a policy does not contain personally identifiable information, the insurer offering such a policy or endorsement may satisfy a requirement to mail or deliver the policy or endorsement by posting the policy or endorsement on the Internet website of the insurer if:
1. The policy or endorsement is accessible to the insured and to any producer of insurance who transacted insurance involving the policy or endorsement with the insured for as long as the policy or endorsement is in force;
2. The insurer retains an archive of expired policies and endorsements for not less than 5 years after the expiration of each policy or endorsement and makes expired policies and endorsements available upon request;
3. The policy or endorsement is posted in a manner that enables the insured and any producer of insurance who transacted insurance involving the policy or endorsement with the insured to print and save the policy or endorsement using any program or other application which is widely available on the Internet and free to use;
4. The insurer provides, in or with the declarations page provided at the time of issuance of the initial policy and each renewal of the policy:
(a) A description of the exact form of policy or endorsement purchased by the insured;
(b) A description of the right of the insured to receive, upon request and without charge, a paper copy of the policy or endorsement by mail; and
(c) The address of the Internet website where the policy or endorsement is posted;
5. Upon request of the insured and without charge, the insurer mails a paper copy of the policy or endorsement to the insured;
6. The insurer provides notice in the manner preferred by the insured of any change to the policy or endorsement which includes a description of the right of the insured to obtain, upon request and without charge, a paper copy of the revised policy or endorsement and the address of the Internet website where the revised policy or endorsement is posted; and
7. The insurer complies with all applicable provisions of chapter 719 of NRS.
(Added to NRS by 2017, 613)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.020 - State license exclusive; exception.

1. Notwithstanding the provisions of any general or special law, the possession of a license or certificate of authority issued under this Code shall be authorization to transact such business as indicated in such license or certificate of authority, and shall be in lieu of all licenses, whether for regulation or revenue, required to transact insurance business within the State of Nevada; but each city, town or county may require a license for revenue purposes only for any insurance analyst, adjuster or managing general agent or producer of insurance whose principal place of business is located within such city or town, or within the county outside the cities and towns of the county, respectively.
2. This section shall not be modified or repealed by any law of general application enacted after January 1, 1972, unless expressly referred to or expressly repealed therein.
(Added to NRS by 1971, 1594; A 2017, 2335)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.025 - General tax on premiums: Definitions.

For the purposes of NRS 680B.025 to 680B.039, inclusive:
1. "Total income derived from direct premiums written":
(a) Does not include premiums written or considerations received from life insurance policies or annuity contracts issued in connection with the funding of a pension, annuity or profit-sharing plan qualified or exempt pursuant to sections 401, 403, 404, 408, 457 or 501 of the United States Internal Revenue Code as renumbered from time to time.
(b) Does not include payments received by an insurer from the Secretary of Health and Human Services pursuant to a contract entered into pursuant to section 1876 of the Social Security Act, 42 U.S.C. § 1395mm.
(c) As to title insurance, consists of the total amount charged by the company for the sale of policies of title insurance.
2. Money accepted by a life insurer pursuant to an agreement which provides for an accumulation of money to purchase annuities at future dates may be considered as "total income derived from direct premiums written" either upon receipt or upon the actual application of the money to the purchase of annuities, but any interest credited to money accumulated while under the latter alternative must also be included in "total income derived from direct premiums written," and any money taxed upon receipt, including any interest later credited thereto, is not subject to taxation upon the purchase of annuities. Each life insurer shall signify on its return covering premiums for the calendar year 1971 or for the first calendar year it transacts business in this State, whichever is later, its election between those two alternatives. Thereafter an insurer shall not change his or her election without the consent of the Commissioner. Any such money taxed as "total income derived from direct premiums written" is, in the event of withdrawal of the money before its actual application to the purchase of annuities, eligible to be included as "return premiums" pursuant to the provisions of NRS 680B.030.
(Added to NRS by 1983, 712; A 1985, 1124; 1987, 1430; 1991, 2028; 1993, 2817; 1999, 817; 2013, 3456; 2023, 3278)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.027 - General tax on premiums: Rate; time for payment; prepayment; supplemental statements.

1. Except as otherwise provided in NRS 680B.033, 680B.0353 and 690C.110, for the privilege of transacting business in this State, each insurer shall pay to the Department of Taxation a tax upon his or her net direct premiums and net direct considerations written at the rate of 3.5 percent.
2. The tax must be paid in the manner required by NRS 680B.030 and 680B.032.
3. The Commissioner or the Executive Director of the Department of Taxation may require at any time verified supplemental statements with reference to any matter pertinent to the proper assessment of the tax.
(Added to NRS by 1983, 713; A 1985, 1639; 1987, 893; 1989, 1842; 1991, 2029; 1993, 1446, 1909; 1995, 486, 577, 2165; 1997, 299, 593; 1999, 405, 1828, 3341; 2001, 115; 2005, 2120; 2014, 28th Special Session, 1)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.030 - General tax on premiums: Annual report by insurer.

1. Each insurer and each formerly authorized insurer with respect to insurance transacted while an authorized insurer and property bondsman shall, on or before March 15 of each year, or within any reasonable extension of time therefor which the Executive Director of the Department of Taxation may for good cause have granted on or before that date, file with the Department of Taxation a report in such form as prescribed by the Executive Director of the Department of Taxation in cooperation with the Commissioner, showing total income derived from direct premiums written, including policy, membership and other fees and assessments, and all other considerations for insurance, bail or annuity contracts written during the next preceding calendar year on account of policies and contracts covering property, subjects or risks located, resident or to be performed in this State, with proper proportionate allocation of premiums as to such persons, property, subjects or risks in this State insured under policies and contracts covering persons, property, subjects or risks located or resident in more than one state, after deducting from the total income derived from direct premiums written:
(a) The amount of return premiums; and
(b) Dividends, savings and unabsorbed premium deposits returned to policyholders in cash or credited to their accounts.
2. The report must be:
(a) Accompanied by a payment made payable to the Department of Taxation in an amount equal to all of the tax required to be paid on net direct premiums and net direct considerations written during the preceding calendar year, less any quarterly payments made for the same period pursuant to NRS 680B.032; and
(b) Verified by the oath or affirmation of the insurer’s president, vice president, secretary, treasurer or manager.
(Added to NRS by 1971, 1594; A 1971, 1936; 1975, 463; 1983, 714; 1991, 2029; 1993, 1909; 1995, 469; 1997, 298, 299)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.032 - General tax on premiums: Certain insurers to file quarterly report and make quarterly payment; overpayment of tax.

1. Each insurer which, pursuant to NRS 680B.027, paid or is required to pay a tax of at least $2,000 on net direct premiums and net direct considerations written during the preceding calendar year, shall file a quarterly report in such form as prescribed by the Executive Director of the Department of Taxation. Each report must be accompanied by a payment made payable to the Department of Taxation in an amount equal to the tax required to be paid on net direct premiums and net direct considerations written during the preceding calendar quarter. Each quarterly payment is due on the last day of the last month in each calendar quarter and is payable on or before the last day of the month next succeeding the calendar quarter for which the payment is due.
2. If an overpayment of the tax imposed by NRS 680B.027 results from the payments made pursuant to this section, the insurer shall apply the overpayment against each succeeding quarterly payment due in the current calendar year until the overpayment has been extinguished.
(Added to NRS by 1995, 467; A 1997, 298, 299)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.033 - General tax on premiums: Computation of tax for factory mutuals.

Factory mutuals shall pay the tax imposed by NRS 680B.027 on all gross premiums upon policies on risks located in this state in force on December 31 next preceding, after deducting from the gross direct premiums dividends written and returns to policyholders computed at the average rate on annual policies expiring during the preceding year, whether actually paid or applied in part payment of any renewal premiums.
(Added to NRS by 1983, 713; A 1991, 2030)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.035 - General tax on premiums: Payments by domestic insurers.

A domestic insurer doing business in a state in which it is not licensed and to which it does not pay a premium tax, shall report and pay the tax on that business to the State of Nevada as though that business were transacted in this state.
(Added to NRS by 1983, 713)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.0352 - General tax on premiums: Payment on premiums for travel insurance.

1. An insurer shall pay the tax imposed by NRS 680B.027 on all premiums for travel insurance paid by any of the following persons:
(a) A primary policyholder who is a resident of this State.
(b) A primary certificate holder who is a resident of this State and who elects coverage under a policy of group travel insurance.
(c) Subject to any apportionment rules which apply to the insurer across multiple taxing jurisdictions or that allow the insurer to allocate premium on an apportioned basis in a reasonable and equitable manner in those jurisdictions, a policyholder of blanket travel insurance:
(1) Who is a resident of this State;
(2) Whose principal place of business is in this State; or
(3) Whose affiliate or subsidiary has a principal place of business in this State, if the affiliate or subsidiary has purchased blanket travel insurance in this State for members of an eligible group.
2. An insurer shall:
(a) Document the state of residence or principal place of business of each primary policyholder, primary certificate holder or policyholder of blanket travel insurance described in subsection 1; and
(b) Report as premium only the amount allocable to travel insurance and not any amount received by the insurer for travel assistance services or cancellation fee waivers.
3. As used in this section:
(a) "Blanket travel insurance" has the meaning ascribed to it in NRS 691E.030.
(b) "Cancellation fee waiver" has the meaning ascribed to it in NRS 691E.040.
(c) "Eligible group" has the meaning ascribed to it in NRS 691E.050.
(d) "Group travel insurance" has the meaning ascribed to it in NRS 691E.070.
(e) "Primary certificate holder" means a person who elects and purchases travel insurance under a policy of group travel insurance.
(f) "Primary policyholder" means a person who elects and purchases an individual policy of travel insurance.
(g) "Travel assistance services" has the meaning ascribed to it in NRS 691E.150.
(h) "Travel insurance" has the meaning ascribed to it in NRS 691E.160.
(Added to NRS by 2023, 3278)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.0353 - General tax on premiums: Rate and payments by certain risk retention groups.

Each risk retention group which is chartered in a state other than this State and which is registered in this State pursuant to NRS 695E.140 to 695E.200, inclusive, shall pay the tax imposed by NRS 680B.027 at a rate of 2 percent.
(Added to NRS by 2005, 2114)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.0355 - Insurer required to provide statement to insureds if portion of premium is attributable to general premium tax; insurer authorized to provide statement to insureds if portion of premium is attributable to annual fees or assessments.

1. If an insurer includes any portion of the general premium tax which the insurer is required to pay pursuant to NRS 680B.027 in the amount billed to its insureds for the premium for insurance, the insurer shall provide with each notice of renewal sent to its insureds a statement that a portion of the premium is attributable to the general premium tax.
2. If an insurer includes any portion of any annual fees or assessments that it is required to pay to the State of Nevada in the amount billed to its insureds for the premium for insurance, the insurer may provide with each notice of renewal sent to its insureds a statement that a portion of the premium is attributable to the annual fees or assessments that it is required to pay to the State of Nevada.
(Added to NRS by 1999, 816)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.036 - General tax on premiums: Credit for policies of industrial insurance.

1. Each insurer providing industrial insurance in this state pursuant to chapters 616A to 617, inclusive, of NRS is entitled to a credit against the premium tax paid pursuant to NRS 680B.027 for its policies of industrial insurance in an amount equal to the assessment paid by the insurer to the Division of Industrial Relations of the Department of Business and Industry pursuant to NRS 232.680.
2. The credit provided to an insurer pursuant to subsection 1 does not expire and the insurer may carry forward any unused amount of the credit into subsequent years until the entire amount of the credit is used.
(Added to NRS by 1995, 2049; A 2013, 2642)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.0365 - General tax on premiums: Credit for qualified equity investments or impact qualified equity investments.

Each insurer that makes a qualified equity investment, as defined in NRS 231A.130, or impact qualified equity investment, as defined in NRS 231A.0757, or is allocated a credit pursuant to NRS 231A.210 is entitled to a credit against the premium tax in the manner provided in NRS 231A.200.
(Added to NRS by 2013, 3455; A 2023, 3367)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.037 - General tax on premiums: Tax in lieu of other taxes; exception.

1. Except as otherwise provided in subsection 2, payment by an insurer of the tax imposed by NRS 680B.027 is in lieu of all taxes imposed by the State or any city, town or county upon premiums or upon income of insurers and of franchise, privilege or other taxes measured by income of the insurer.
2. The provisions of subsection 1 do not apply to the commerce tax imposed pursuant to the provisions of chapter 363C of NRS.
(Added to NRS by 1983, 713; A 2015, 2950)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.039 - General tax on premiums: Penalty.

Any insurer that fails to file the report or pay the tax as required by NRS 680B.025 to 680B.039, inclusive, within the time for filing and payment as provided in those sections shall in addition to any other applicable penalty pay a penalty of not more than 10 percent of the amount of the tax which is owed, as determined by the Department of Taxation, in addition to the tax, plus interest at the rate of 1.5 percent per month, or fraction of a month, from the date on which the tax should have been paid until the date of payment.
(Added to NRS by 1983, 713; A 1993, 1910; 1995, 469; 1997, 299; 2013, 3456; 2023, 3279)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.0395 - General tax on premiums: Exemption for authorized reinsurer.

An insurer who holds a certificate of authority as a reinsurer is exempt from the requirements of NRS 680B.025 to 680B.039, inclusive.
(Added to NRS by 1987, 644; A 1995, 470; 1997, 299; 2013, 3456)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.060 - Collection and enforcement of and disputes related to payments of general tax on premiums; deposit of taxes, fees, licenses, fines and charges under Code; exception.

1. The taxes imposed under NRS 680B.027 must be collected by the Department of Taxation and promptly deposited with the State Treasurer for credit to the State General Fund.
2. If the tax is not paid by the insurer on or before the date required for payment, the tax then becomes delinquent, and payment thereof may be enforced by court action instituted on behalf of the State by the Attorney General. The Attorney General may employ additional counsel in the city where the home office of the insurer is located, subject to the approval of compensation for such services by the State Board of Examiners. The administrative and substantive enforcement provisions of chapters 360 and 372 of NRS apply to the enforcement of the taxes imposed under NRS 680B.027.
3. Upon the tax becoming delinquent, the Executive Director of the Department of Taxation shall notify the Commissioner, who shall suspend or revoke the insurer’s certificate of authority pursuant to NRS 680A.190.
4. If a dispute arises between an insurer and the State as to the amount of tax, if any, payable, the insurer is entitled to pay under protest the tax in the amount assessed by the Department of Taxation, without waiving or otherwise affecting any right of the insurer to recover any amount determined, through appropriate legal action taken by the insurer against the Department of Taxation, to have been in excess of the amount of tax lawfully payable.
5. Except as otherwise provided in NRS 680C.110, all taxes, fees, licenses, fines and charges collected under this Code, including the general premium tax provided for under NRS 680B.027 and as increased in any instances pursuant to NRS 680A.330, must be promptly deposited with the State Treasurer for credit to the State General Fund.
(Added to NRS by 1971, 1598; A 1983, 716; 1993, 1912; 1995, 2166; 1997, 1449; 1999, 444, 1830; 2009, 1769)
2023 Nevada Revised Statutes › Chapter 680B - Fees and Taxes › NRS 680B.120 - Refund of overpayments of fees, charges or taxes.

1. Any person from whom fees, charges or taxes imposed by this Code have been erroneously collected may apply for refund at any time within 1 year after the date such fees, charges or taxes were originally required to be paid or within 30 days after the date of payment of any additional tax, charge or fee.
2. If the amount of taxes, charges or fees due are found to be less than the amount paid, either by examination of the return or by allowance of a claim for overpayment filed by the payer, then upon presentation of proper vouchers, the State Controller shall issue warrants upon the appropriate fund and the State Treasurer shall pay them out of the money credited to that fund.
3. Whenever such a refund is found to be due an insurer, the Executive Director of the Department of Taxation, in lieu of preparing the proper vouchers for a cash refund, may authorize the insurer to credit the amount of the refund against the premium tax payable by it under NRS 680B.027 in the next following calendar year.
4. No cash refund may be made unless the amount to be so refunded is $10 or more.
5. Claims for refund pursuant to this section must be submitted:
(a) In the case of refunds of taxes payable to the Department of Taxation, to the Executive Director of the Department of Taxation.
(b) In the case of refunds of taxes, fees or charges payable to the Commissioner, to the Commissioner.
(Added to NRS by 1971, 1600; A 1983, 717; 1993, 1913)
2023 Nevada Revised Statutes › Chapter 680C - Fund for Insurance Administration and Enforcement › NRS 680C.100 - Creation; use; investment.

1. The Fund for Insurance Administration and Enforcement is hereby created in the State Treasury as an enterprise fund.
2. The Fund must be used solely for the administration and enforcement of the Code and other laws and regulations enforced by the Division.
3. The State Treasurer shall invest the money in the Fund in the same manner and in the same securities in which he or she is authorized to invest state general funds that are in his or her custody. Income realized from the investment of the assets of the Fund must be credited to the Fund.
4. The money in each account within the Fund may not be used for any purpose other than that provided by law for that account.
(Added to NRS by 2009, 1761; A 2011, 982)
2023 Nevada Revised Statutes › Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance › NRS 681A.010 - Definitions; nonexclusive application.

1. As used in this Code, unless the context otherwise requires, the words and terms defined in NRS 681A.020 to 681A.080, inclusive, have the meanings ascribed to them in those sections.
2. It is intended that certain insurance coverages may come within the definitions of two or more kinds of insurance as defined in this chapter, and the inclusion of such coverage within one definition shall not exclude it as to any other kind of insurance within the definition of which such coverage is likewise reasonably includable.
(Added to NRS by 1971, 1601; A 2009, 3043; 2021, 2954)
2023 Nevada Revised Statutes › Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance › NRS 681A.022 - "Continuous care coverage" defined.

"Continuous care coverage" is the issuance of a policy of insurance for workers’ compensation, as described in paragraph (c) of subsection 1 of NRS 681A.020, issued jointly with and supplemental to a policy for health insurance, as defined in NRS 681A.030, by one or more insurers covering the same employer for the same policy period.
(Added to NRS by 2009, 3043; A 2011, 3352)
2023 Nevada Revised Statutes › Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance › NRS 681A.024 - "Covered agreement" defined.

"Covered agreement" means an agreement entered into pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, 31 U.S.C. §§ 313 and 314, that is currently in effect or in a period of provisional application and addresses the elimination, under specified conditions, of collateral requirements as a condition for entering into any reinsurance agreement with a ceding insurer domiciled in this State or for allowing the ceding insurer to recognize credit for reinsurance.
(Added to NRS by 2021, 2948)
2023 Nevada Revised Statutes › Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance › NRS 681A.030 - "Health insurance" defined.

"Health insurance" is insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto, together with provisions operating to safeguard contracts of health insurance against lapse in the event of strike or layoff due to labor disputes.
(Added to NRS by 1971, 1603)
2023 Nevada Revised Statutes › Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance › NRS 681A.040 - "Life insurance" defined.

1. "Life insurance" is insurance on human lives. The transaction of life insurance includes the granting of endowment benefits, additional incidental benefits in the event of death or dismemberment by accident or accidental means, additional incidental benefits in the event of the insured’s disability, optional modes of settlement of proceeds of life insurance, and provisions operating to safeguard contracts of life insurance against lapse.
2. The term includes a policy of life insurance which incorporates long-term care insurance if the policy of life insurance may incorporate the long-term care insurance pursuant to NRS 688A.440.
(Added to NRS by 1971, 1603; A 2011, 3353)
2023 Nevada Revised Statutes › Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance › NRS 681A.060 - "Property insurance" defined.

1. "Property insurance" is insurance on real or personal property of every kind and of every interest therein against loss or damage from any and all hazards or causes, and against loss consequential upon such loss or damage, other than noncontractual legal liability for any such loss or damage.
2. Property insurance does not include title insurance, as defined in NRS 681A.080.
(Added to NRS by 1971, 1604)