NRS 685B.020 – Short title.
NRS 685B.020 to 685B.087, inclusive, constitute and may be cited as the Unauthorized Insurers Act. (Added to NRS by 1971, 1681)
NRS 685B.030 – Transaction of unauthorized insurance business unlawful; exceptions; venue; effect.
1. As used in this section unless otherwise indicated, “insurer” includes: (a) All corporations, associations, partnerships and natural persons engaged as principals in the business of insurance, including a fraternal benefit society, a nonprofit corporation offering dental, hospital and medical services, a health maintenance organization, a prepaid limited health service organization, an organization for dental […]
NRS 685B.035 – Remedies available to Commissioner; limitation on granting authorization as surplus lines insurer or issuing license; statute of limitations for commencement of proceedings.
1. If the Commissioner has reason to believe that an insurer has committed or engaged in, is committing or engaging in, or is about to commit or engage in any practice, transaction or act prohibited by NRS 685B.030, the Commissioner may: (a) Apply to the district court for injunctive relief pursuant to NRS 685B.040 and […]
NRS 685B.040 – Injunctive relief.
1. Whenever the Commissioner believes, from evidence satisfactory to the Commissioner, that any insurer is violating or is about to violate the provisions of NRS 685B.030, the Commissioner may, through the Attorney General, cause a complaint to be filed in the district court seeking to enjoin and restrain such insurer from continuing such violation or […]
NRS 685B.050 – Service of process on unauthorized insurer.
1. Any act of transacting an insurance business as set forth in NRS 685B.030 by any unauthorized insurer is equivalent to and constitutes an irrevocable appointment by such an insurer, binding upon the insurer, the insurer’s executor or administrator, or successor in interest if a corporation, of the Commissioner or the successor in office of […]
NRS 685B.060 – Requirements for defense of action: Bond or other security or certificate of authority.
1. Before any unauthorized insurer files or causes to be filed any pleading in any court action, suit or proceeding or any notice, order, pleading or process in an administrative proceeding before the Commissioner instituted against such person or insurer, by service made as provided in NRS 685B.050, such insurer shall either: (a) Deposit with […]
NRS 685B.070 – Enforcement of foreign decrees.
1. As used in this section: (a) “Foreign decree” means any decree or order in equity of a court located in a reciprocal state, including a court of the United States located therein, against any insurer incorporated or authorized to do business in this State. (b) “Qualified party” means a state regulatory agency acting in […]
NRS 685B.080 – Penalty; liability for payment of premium taxes.
1. Any unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in the Unauthorized Insurers Act may be fined not more than $10,000 for each act or violation. 2. In addition to the penalties provided in subsection 1, such a violator is liable, personally, jointly and severally with any other […]
NRS 685B.083 – Penalty for representing or aiding unauthorized insurer.
Any producer of insurance or surplus lines broker licensed in this State who in this State knowingly represents or aids an unauthorized insurer in violation of the Unauthorized Insurers Act is guilty of a category B felony and shall be punished as provided in NRS 193.130. (Added to NRS by 2005, 2131)
NRS 685B.087 – Penalty for transaction of unauthorized insurance business.
Any insurer who transacts any unauthorized insurance business as set forth in NRS 685B.030 is guilty of a category B felony and shall be punished as provided in NRS 193.130. (Added to NRS by 2005, 2131)