As used in NRS 692C.3501 to 692C.3509, inclusive, unless the context otherwise requires, “corporate governance annual disclosure” means a confidential report filed by an insurer or insurance group made in accordance with the requirements of NRS 692C.3501 to 692C.3509, inclusive. (Added to NRS by 2017, 64)
1. The requirements of NRS 692C.3501 to 692C.3509, inclusive, apply to all insurers domiciled in this State, including, without limitation: (a) Insurers, as identified in chapter 680A of NRS; (b) Hospital, medical or dental service corporations, as identified in chapter 695B of NRS; (c) Health maintenance organizations, as identified in chapter 695C of NRS; (d) […]
1. Each insurer, or the insurance group of which the insurer is a member, shall, not later than June 1 of each calendar year, submit to the Commissioner a corporate governance annual disclosure which contains the information prescribed by the Commissioner by regulation pursuant to subsection 2 of NRS 692C.3506. If an insurer is a […]
The Commissioner may, upon notice and opportunity for all interested persons to be heard, issue such rules, regulations and orders as are necessary to carry out the provisions of NRS 692C.3501 to 692C.3509, inclusive. (Added to NRS by 2017, 65)
1. Except as otherwise provided in subsection 2, an insurer or insurance group may exercise discretion over the responses to inquiries in the corporate governance annual disclosure if the corporate governance annual disclosure contains the material information necessary to allow the Commissioner to gain an understanding of the corporate governance structure, policies and practices of […]
1. Except as otherwise provided in NRS 692C.3501 to 692C.3509, inclusive, and NRS 239.0115, any documents, materials and other information, including, without limitation, a corporate governance annual disclosure, in the possession or control of the Division which are obtained by, created by or disclosed to the Commissioner or any other person in accordance with the […]
To assist the performance of the Commissioner’s regulatory duties, the Commissioner: 1. May retain, at the expense of the insurer or insurance group, third-party consultants, including, without limitation, attorneys, actuaries, accountants and other experts who are not part of the staff of the Commissioner, as may be reasonably necessary to assist the Commissioner in reviewing […]
1. If an insurer or insurance group fails, without just cause, to timely file a corporate governance annual disclosure as required in NRS 692C.3501 to 692C.3509, inclusive, the insurer or insurance group shall, after receiving notice and a hearing, pay a civil penalty of $1,500 for each day the insurer or insurance group fails to […]
