Nev. Rev. Stat. ch. 685A – Nonadmitted Insurance | Midpage

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Nevada Revised Statutes

Chapter 685A

Nev. Rev. Stat. ch. 685A

Nonadmitted Insurance

685A.010Short title 685A.020Exemptions 685A.025Applicability 685A.030Definitions 685A.031“Broker” defined 685A.0315“Domestic surplus lines insurer” defined 685A.032“Exempt commercial purchaser” defined 685A.033“Export” defined 685A.034“Home state” defined 685A.035“Independently procured insurance” defined 685A.036“Multi-state risk” defined 685A.037“Nonadmitted insurance” defined 685A.0375“Nonadmitted insurer” defined 685A.038“Principal place of business” defined 685A.0385“Principal residence” defined 685A.039“Surplus lines insurance” defined 685A.040Conditions for export 685A.050Broker’s report 685A.060Open lines for export 685A.070Eligible insurers 685A.072Domestic surplus lines insurer: Designation; authority; requirements for broker who places surplus lines insurance with insurer; applicability of other provisions 685A.075Nonprofit organization of brokers: Formation; board of directors; information and records filed with Commissioner; examination by Commissioner; broker required to be member as condition of continued licensure 685A.077Immunity from civil liability given to Commissioner, Division and nonprofit organizations for certain acts; Commissioner authorized to classify certain communications as confidential; limitations 685A.080Evidence of insurance; changes; penalty 685A.090Contracts for nonadmitted coverage: Requirements 685A.100Coverage from unauthorized insurer valid 685A.110Liability of insurer 685A.120Licensing of brokers; period of validity, expiration and renewal of license; fees 685A.120Licensing of brokers; period of validity, expiration and renewal of license; fees 685A.127Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commissioner 685A.133Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license 685A.140Suspension or revocation of broker’s license 685A.150Broker authorized to accept business from licensed producer of insurance; compensation 685A.155Broker authorized to charge fee for procuring coverage; maximum amount of fee 685A.160Records of broker 685A.175Quarterly report and payment of tax by certain brokers 685A.180Tax on surplus lines 685A.190Failure to file statement or pay tax; penalties; statute of limitations 685A.200Suit against unauthorized insurers; venue; process 685A.205Regulations: Compliance with federal law relating to nonadmitted insurance 685A.210Regulations: Generally; penalty 685A.220Applicability of other provisions