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which does not have requirements for reporting risk-based capital, that transacts property, casualty, life or health insurance in this state shall prepare and submit to the Commissioner, and to each person designated by the Commissioner, a report of the level of the risk-based capital of the insurer as of the end of the immediately preceding calendar year. The report must be in such form and contain such information as required by the regulations adopted by the Commissioner pursuant to this section.
2. The Commissioner shall adopt regulations concerning the amount of risk-based capital required to be maintained by each insurer licensed to do business in this state that is transacting property, casualty, life or health insurance in this state. The regulations must be consistent with the instructions for reporting risk-based capital adopted by the National Association of Insurance Commissioners, as those instructions existed on January 1, 1997. If the instructions are amended, the Commissioner may amend the regulations to maintain consistency with the instructions if he determines that the amended instructions are appropriate for use in this state.
3. The Commissioner may exempt from the provisions of this section a domestic insurer who:
(a) Does not transact insurance in any other state; and
(b) Does not assume reinsurance that is more than 5 percent of the direct premiums written by the insurer.
(Added to NRS by 1997, 3023; A 1999, 2789)
CHAPTER 684A - ADJUSTERS
NRS 684A.010 Applicability; short title.
NRS 684A.020 “Adjuster” defined.
NRS 684A.030 “Independent,” “public” and “associate adjuster” defined.
NRS 684A.040 License required; penalties; issuance of limited license.
NRS 684A.050 Concurrent licensing as independent and public adjuster prohibited.
NRS 684A.055 Licensing of person in business of repairing bodies of automobiles prohibited.
NRS 684A.060 Exceptions to requirement of licensing: Agents; catastrophes.
NRS 684A.070 Qualifications for license for natural person; waiver of residency requirement; denial, suspension, revocation of or limitation on license for committing certain crime.
NRS 684A.080 Licensing of firm or corporation.
NRS 684A.090 Application for license; penalty. [Effective until the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.090 Application for license; penalty. [Effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.100 Examination for license.
NRS 684A.105 Exemption from examination: Relicensing within 6 months after expiration of license.
NRS 684A.110 Issuance of license; notice of refusal to issue license; fees not refundable; name of licensee.
NRS 684A.120 Form and contents of license.
NRS 684A.130 Expiration and renewal of license. [Effective until the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.130 Expiration and renewal of license. [Effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.140 Associate adjuster: Application for license; fee; license; penalty. [Effective until the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.140 Associate adjuster: Application for license; fee; license; penalty. [Effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.143 Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commissioner. [Expires by limitation on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.147 Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Expires by limitation on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.150 Temporary license as independent adjuster.
NRS 684A.155 Limited license: Commissioner authorized to issue to adjuster licensed in adjoining state; terms; powers. [Effective until the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.155 Limited license: Commissioner authorized to issue to adjuster licensed in adjoining state; terms; powers. [Effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
NRS 684A.160 Fee for adjuster’s license.
NRS 684A.170 Place of business; display of license.
NRS 684A.180 Records.
NRS 684A.190 Responsibility for employees.
NRS 684A.200 Nonresident licensees: Service of process; agreement to appear.
NRS 684A.210 Suspension, revocation or limitation of license: Grounds; surrender of license.
NRS 684A.220 Suspension, revocation or limitation of license: Applicable provisions.
NRS 684A.230 Duration of suspension.
NRS 684A.240 Commissioner may levy fine; recovery of fine.
NRS 684A.250 Court may impose fine in lieu of Commissioner’s penalty.
NRS 684A.260 Reinstatement of license; relicensing; limitations.
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NRS 684A.010 Applicability; short title. This chapter applies to adjusters only as defined in NRS 684A.020, and does not apply to any person who adjusts or settles claims relating to life or health coverage or annuities. This chapter may be cited as the Nevada Insurance Adjusters Law.
(Added to NRS by 1971, 1661; A 1981, 270)
NRS 684A.020 “Adjuster” defined.
Vegas Law
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