Nev. Rev. Stat. ch. 680A – Authorization of Insurers and General Requirements | Midpage

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Nevada Revised Statutes

Chapter 680A

Nev. Rev. Stat. ch. 680A

Authorization of Insurers and General Requirements

680A.010Definitions 680A.020“Charter” defined 680A.028“Multiple employer welfare arrangement” defined 680A.030“Mutual” insurer defined 680A.040“Reciprocal” insurer defined 680A.050“Stock” insurer defined 680A.058Applicability of chapter to self-funded multiple employer welfare arrangements 680A.060Certificate of authority: Required; penalty 680A.070Certificate of authority: Exceptions to requirement 680A.080Eligibility for certificate of authority: General requirements 680A.082Eligibility for certificate of authority: Additional requirements for self-funded multiple employer welfare arrangements 680A.090Eligibility for certificate of authority: Ownership; management 680A.095Certificate of authority: Required to transact reinsurance; eligibility; exceptions 680A.100Name of insurer 680A.110Combinations of insuring powers 680A.120Required capital 680A.130Combinations of insurance for which additional capital not required 680A.140Required deposit; deposit in other state 680A.150Certificate of authority: Application 680A.155Certificate of authority: Payment of certain taxes and penalties by certain applicants required 680A.160Certificate of authority: Issuance or refusal; contents and ownership 680A.165Certificate of authority: Insurer required to notify Commissioner of all material changes to information provided in application; suspension or revocation or administrative fine for failure to provide certain such notice 680A.170Certificate of authority: Amendment; fee 680A.173Transfer of insurer’s domicile: Foreign insurer may become domestic insurer 680A.175Transfer of insurer’s domicile: Termination of status as domestic insurer; qualification as foreign insurer 680A.177Transfer of insurer’s domicile: Duties of insurer; effect on policies 680A.180Continuance, expiration and reinstatement of certificate of authority 680A.190Refusal to continue or suspension or revocation of certificate of authority: Mandatory grounds; notice; hearing 680A.200Refusal to continue or suspension, limitation or revocation of certificate of authority: Grounds; administrative fine in lieu of certain suspension or revocation; immediate suspension; statute of limitations 680A.205Determination of hazardous financial condition of insurer: Regulations; hearing; disciplinary actions; review of order 680A.210Suspension, limitation or revocation of or refusal to continue certificate of authority: Order and notice; effect on agents’ authority 680A.220Suspension of certificate of authority: Duration; insurer’s obligations during suspension period; reinstatement 680A.225Penalty for failure of insurer to comply with certain requirements for electronic maintenance, transmittal and exchange of health information 680A.230Applicability of general corporation laws to foreign insurers; exception 680A.240Issuance of policies under additional titles: Registration; inclusion of such business in annual statement 680A.250Service of process: Appointment of Commissioner as attorney in fact for receipt required for certain insurers; methods of serving 680A.260Service of process: Method of serving if Commissioner statutorily designated as attorney in fact for receipt; extension of time to appear; record 680A.265Annual financial statement: Filing; reporting of violation of law found during audit; penalty for failure to file; consolidation of statements prohibited; exception; regulations 680A.270Filing of annual statement and payment of fee by authorized insurers; statement of alien insurer; actions by Commissioner for failure to file; filing of quarterly statement by domestic insurer; regulations; confidentiality of certain information; compensation information 680A.280Annual or other required statement: Penalties for failure to file or false statements 680A.300Agent required; execution of emergency bond 680A.320Transaction or agreement with parent corporation, financial holding company, depository institution, subsidiary or affiliated person: Prohibitions; duty and obligation of insurer 680A.330Retaliatory provision 680A.500Definitions 680A.510“Deliver by electronic means” defined 680A.520“Party” defined 680A.530Applicability 680A.540Authority 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 680A.550Requirements for delivery 680A.555Authority 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 680A.560Circumstances in which insurer required to cease delivery by electronic means 680A.570Withdrawal of consent to delivery by electronic means 680A.580Effect of consent to delivery by electronic means given before October 1, 2017 680A.590Enforceability 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 680A.600Insurer 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