In addition to other aspects of insurance operations to which provisions of this Code by their terms apply, “transact” with respect to a business of insurance includes any of the following, by mail or otherwise or whether or not for the purpose of profit: 1. Solicitation or inducement. 2. Negotiations. 3. Effectuation of a contract […]
1. The purposes of this Code are to: (a) Protect policyholders and all having an interest under insurance policies; (b) Implement the public interest in the business of insurance; (c) Provide adequate standards of solidity of insurers, and of integrity and competence in conduct of their affairs in the home offices and in the field; […]
No person shall transact a business of insurance in Nevada, or relative to a subject of insurance resident, located or to be performed in Nevada or elsewhere, without complying with the applicable provisions of this Code. (Added to NRS by 1971, 1560)
Except as otherwise provided by specific statute, no provision of this Code applies to: 1. Fraternal benefit societies, as identified in chapter 695A of NRS, except as stated in chapter 695A of NRS. 2. Hospital, medical or dental service corporations, as identified in chapter 695B of NRS, except as stated in chapter 695B of NRS. […]
A person who is required by statute to obtain insurance or any other type of security as a condition of licensure or conducting business must obtain the insurance or other security in the manner set forth in NRS 277.067, 277.069, 277.0695 or 315.725 or from an insurer who is licensed or otherwise allowed to transact […]
Provisions of this Code relative to a particular kind of insurance or type of insurer or particular matter shall prevail over provisions relating to insurance in general or insurers in general or to such matter in general. (Added to NRS by 1971, 1560)
1. Unless the same is defined as a felony under any other law of this state, or punishment provided therefor classifies it otherwise, every violation of any provision of this Code is a misdemeanor. 2. Every penalty imposed by this Code shall be in addition to any applicable suspension, revocation or denial of a license […]
The expiration or voluntary surrender of a license or certificate issued pursuant to the provisions of this Code does not: 1. Prohibit the Commissioner from initiating or continuing a disciplinary proceeding against the holder of the license or certificate; or 2. Prevent the imposition or collection of any fine or penalty authorized pursuant to the […]
1. If an organization establishes a panel of providers of health care and makes the panel available for use by an insurer when offering health care services pursuant to chapter 689A, 689B, 689C, 695A, 695B or 695C of NRS, the organization shall not charge the insurer or a provider of health care: (a) A fee […]
