f an insurer, and the insurer purchases medical or any other services or products from the health facility, the health facility may not: (a) Attempt artificially to reduce or increase its margin of profit by altering the charges to the insurer. (b) Alter its true operating results or financial condition through charges to the insurer for services or products. This subsection does not prohibit activities authorized pursuant to paragraph (i) of subsection 2. 5. If a health facility is found, after notice and a hearing, to have violated the provisions of subsection 4, the Commissioner may impose an administrative fine of not more than $5,000 for each violation. (Added to NRS by 1971, 1590; A 1987, 884; 1989, 599; 2001, 2183) NRS 680A.330 Retaliatory provision. 1. When, by or pursuant to the laws of any other state or foreign country or province, any taxes, licenses and other fees in the aggregate, and any fines, penalties, deposit requirements or other material requirements, obligations, prohibitions or restrictions are or would be imposed upon Nevada insurers doing business or that might seek to do business in such state, country or province, or upon the agents or representatives of such insurers or upon brokers or adjusters, which are in excess of such taxes, licenses and other fees in the aggregate, or which are in excess of the fines, penalties, deposit requirements or other requirements, obligations, prohibitions or restrictions directly imposed upon similar insurers, or upon the agents or representatives of such insurers, or upon brokers, or upon adjusters, of such other state, country or province under the statutes of this state, so long as such laws of such other state, country or province continue in force or are so applied, the same taxes, licenses and other fees in the aggregate, or fines, penalties or deposit requirements or other material requirements, obligations, prohibitions or restrictions of whatever kind must be imposed by the Commissioner or the Department of Taxation upon the insurers, or upon the agents or representatives of such insurers, or upon brokers, of such other state, country or province doing business or seeking to do business in Nevada. Any tax, license or other fee or other obligation imposed by any city, county or other political subdivision or agency of such other state, country or province on Nevada insurers or their agents, representatives or adjusters shall be deemed to be imposed by such state, country or province within the meaning of this section. 2. This section does not apply to: (a) Personal income taxes; (b) Ad valorem taxes on real or personal property; or (c) Special purpose obligations or assessments imposed by another state in connection with particular kinds of insurance other than property insurance, except that deductions, from premium taxes or other taxes otherwise payable, allowed on account of real or personal property taxes paid must be taken into consideration by the Commissioner and the Executive Director of the Department of Taxation in determining the propriety and extent of retaliatory action under this section. 3. For the purposes of this section the domicile of an alien insurer, other than insurers formed under the laws of Canada or a province thereof, is that state designated by the insurer in writing filed with the Commissioner at the time of admission to this state or within 6 months after January 1, 1972, whichever date is the later, and may be any one of the following states: (a) That in which the insurer was first authorized to transact insurance; (b) That in which is located the insurer’s principal place of business in the United States of America; or (c) That in which is held the largest deposit of trusteed assets of the insurer for the protection of its policyholders in the United States of America. If the insurer makes no such designation, its domicile shall be deemed to be that state in which is located its principal place of business in the United States of America. 4. The domicile of a Canadian insurer is the province of Canada in which its head office is located. (Added to NRS by 1971, 1590; A 1993, 1905) CHAPTER 681A - KINDS OF INSURANCE; LIMITS ON RISK; REINSURANCE GENERAL PROVISIONS NRS 681A.010 Definitions not mutually exclusive. NRS 681A.020 “Casualty insurance” defined. NRS 681A.030 “Health insurance” defined. NRS 681A.040 “Life insurance” defined. NRS 681A.050 “Marine and transportation” and “wet marine and transportation” insurance defined. NRS 681A.060 “Property insurance” defined. NRS 681A.070 “Surety insurance” defined. NRS 681A.080 “Title insurance” defined. KINDS OF INSURANCE NRS 681A.090 Multiple line insurers. NRS 681A.095 Insurance against legal liability for exemplary or punitive damages. LIMITS ON RISK NRS 681A.100 Amount of risk that insurer may retain; method for determining risk; applicability. REINSURANCE Miscellaneous Provisions NRS 681A.110 Reinsurance authorized for all or part of risk; requirements for reinsurance with unauthorized insurer. NRS 681A.120 Cancellation or material changes in treaties or arrangements for reinsurance. NRS 681A.130 Regulations. Credit as Asset or Deduction From Liability NRS 681A.140 “Qualified financial institution in the United States” defined. NRS 681A.150 Requirements for taking credit. NRS 681A.160 Reinsurance ceded to assuming accredited reinsurer in Nevada. NRS 681A.170 Reinsurance ceded to assuming alien insurer. NRS 681A.180 Reinsurance ceded to assuming insurer which maintains trust fund for payment of valid claims; exceptions. NRS 681A.190 Reinsurance ceded to group of incorporated insurers under common administration. NRS 681A.200 Requirements for establishment or amendment of certain trusts. NRS 681A.210 Requirements when assuming insurer is not licensed or accredited to transact insurance or reinsurance in this State. NRS 681A.220 Requirements when assuming insurer does not meet certain requirements. NRS 681A.230 Ceding insurer to be allowed credit if reinsurance lawfully ceded to qualified assuming insurer; domiciliary liquidator of insolvent ceding insurer to give notice to assuming insurer of any claim against ceding insurer. NRS 681A.240 Requirements for reduction from liability when assuming insurer does not meet certain requirements concerning risk-based capital. Brokers and Managers NRS 681A.250 Definitions. NRS 681A.260 “Actuary” defined. NRS 681A.270 “Automatic agreement” defined. NRS 681A.280 “Broker for reinsurance” defined. NRS 681A.290 “Cede” defined. NRS 681A.300 “Cession” defined. NRS 681A.310 “Controlling person” defined. NRS 681A.320 “Facultative” defined. NRS 681A.330 “Intermediary” defined. NRS 681A.340 “Licensed producer” defined. NRS 681A.350 “Manager for reinsurance” defined. NRS 681A.360 “Reinsured” defined. NRS 681A.370 “Reinsurer” defined. NRS 681A.380 “Retrocession” defined. NRS 681A.390 “Retrocessionaire” defined. NRS 681A.400 “Syndicate” defined. NRS 681A.410 “Violation” defined. NRS 681A.420 Limitations and requirements. NRS 681A.430 License to act as intermediary. NRS 681A.440 Circumstances under which Commissioner is authorized to refuse to issue license. NRS 681A.450 Licensed attorney acting as intermediary. NRS 681A.460 Brokers: Transactions with insurer; termination; duties. NRS 681A.470 Brokers: Maintenance of records of transactions; access to accounts and records by insurer. NRS 681A.480 Brokers: Conditions for employment; annual stateme

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