agent, broker or other person who advertises, procures, renews, continues, sells or negotiates or solicits the sale of such coverage of the elements of the coverage, including the amount of excess insurance or reinsurance in effect. (Added to NRS by 1983, 960) NRS 685B.160 Statement of charges; notice of hearing. 1. If the Commissioner has reason to believe that a person described in NRS 685B.140 is providing any type of coverage described in NRS 685B.120, the Commissioner may: (a) Issue a statement of charges and a notice of a hearing to be held on those charges; and (b) Serve the statement and notice upon the person so charged. 2. The statement and notice must be: (a) Issued as provided in NRS 679B.320; and (b) Served personally or by certified or registered mail. (Added to NRS by 1983, 960) NRS 685B.170 Order after hearing; administrative fines; modification of order. 1. After the Commissioner conducts a hearing pursuant to NRS 685B.160, he shall issue an order pursuant to NRS 679B.360. If the Commissioner determines that the person being charged has engaged in a practice prohibited by this Code, the Commissioner shall order him to cease and desist from that practice. 2. If the person knew or reasonably should have known that he was in violation of this Code, the Commissioner may order him to pay an administrative fine of not more than $10,000 for each act or violation. 3. The Commissioner may modify or set aside, in whole or in part, any order issued by him pursuant to this section, but any such action must be made before the expiration of the period for appeal or before the official record in the proceeding has been filed with the court. (Added to NRS by 1983, 960; A 1993, 2393) NRS 685B.180 Review of order; time order becomes final. 1. An order issued pursuant to NRS 685B.170 may be reviewed pursuant to NRS 679B.370. 2. Such an order becomes final: (a) Upon the expiration of the time for taking an appeal, if no petition for review has been filed; or (b) Upon the final decision of the court. (Added to NRS by 1983, 961) NRS 685B.190 Administrative fine for violation. If a person violates an order issued pursuant to NRS 685B.170, the Commissioner may impose an administrative fine after giving notice and a hearing. Such a fine may not be more than $5,000 for each violation. (Added to NRS by 1983, 961) CHAPTER 686A - TRADE PRACTICES AND FRAUDS; FINANCING OF PREMIUMS GENERAL PROVISIONS NRS 686A.010 Purpose. NRS 686A.015 Jurisdiction of Commissioner; Commissioner to establish program to investigate unfair and deceptive trade practices. NRS 686A.020 Unfair methods and deceptive acts prohibited. NRS 686A.025 Unfair acts and practices: Disclosure of nonpublic personal information in manner contrary to federal law. NRS 686A.030 Misrepresentation and false advertising of policies prohibited. NRS 686A.040 False information and advertising prohibited. NRS 686A.050 “Twisting” prohibited. NRS 686A.055 Prohibited use of fact that insurance is covered by Nevada Insurance Guaranty Association or Nevada Life and Health Insurance Guaranty Association. NRS 686A.060 Replacement of life insurance. NRS 686A.070 Falsification of records or financial statements prohibited; penalty. NRS 686A.080 Defamatory statement concerning person engaged or proposing to engage in business of insurance prohibited. NRS 686A.085 Bank prohibited from requiring customers to purchase insurance from parent, subsidiary or affiliate of bank. NRS 686A.090 Boycott, coercion or intimidation tending to result in unreasonable restraint of or monopoly in business of insurance prohibited. NRS 686A.095 Cancellation or restriction of agent’s authority based solely on submission of claims prohibited. NRS 686A.100 Life insurance, annuities and health insurance: Unfair discrimination prohibited. NRS 686A.110 Life insurance, annuities and health insurance: Rebates and other inducements prohibited. NRS 686A.120 Life insurance, annuities and health insurance: Exceptions to provisions limiting discrimination, rebates and use of securities as inducements. NRS 686A.130 Property, casualty, surety and title insurance: Unfair discrimination and rebates prohibited. NRS 686A.140 Violations concerning rebates and inducements: Penalties; effect. NRS 686A.150 Using security, advisory board contract or agreement offering or promising profit as inducement prohibited. NRS 686A.160 Enforcement: Prohibited practices. NRS 686A.170 Enforcement: Undefined practices. NRS 686A.180 Service of process upon unauthorized insurers. NRS 686A.183 Cease and desist orders and penalties for prohibited practices; modification and setting aside of Commissioner’s orders. NRS 686A.185 Review and finality of Commissioner’s orders. NRS 686A.187 Penalties for violating cease and desist order. NRS 686A.190 Interlocking ownership or management. NRS 686A.200 Favored agent or insurer. NRS 686A.210 Service and processing charges prohibited. NRS 686A.220 Favored agent or surety for bonds under public building or construction contract. NRS 686A.225 Certain insurers to retain adjuster who resides in this State. NRS 686A.230 Illegal dealing in premiums; excess charges for insurance; regulations related to fees of broker, consultant or financial planner; written contract for consultation. NRS 686A.240 Favoritism to groups prohibited; exceptions. NRS 686A.250 Use of insurance or annuity as inducement for purchase or rental of property or services prohibited; exceptions. NRS 686A.260 Revocation or suspension of license for violation of laws of other state. NRS 686A.270 Knowledge of insurer of prohibited acts. NRS 686A.280 Use of name deceptively implying person is insurer prohibited. INSURANCE FRAUD NRS 686A.281 Definitions. NRS 686A.2815 “Insurance fraud” defined. NRS 686A.282 “Investigative or law enforcement agency” defined. NRS 686A.2825 “Practitioner” defined. NRS 686A.283 Reporting requirements; duties of Commissioner and Attorney General; prosecution by district attorney. NRS 686A.285 Report by insurer of suspicion that loss to insured was caused by other than accidental or natural occurrence. NRS 686A.287 Provision by insurer of information concerning fraud upon request by Attorney General, Commissioner or certain agencies. NRS 686A.289 Provision to insurer of information concerning fraud upon completion of investigation or prosecution; confidentiality of information. NRS 686A.290 Applications for insurance: Prohibited acts and penalties. NRS 686A.291 Criminal penalty for insurance fraud. NRS 686A.292 Additional penalties for insurance fraud; payment of expenses of Fraud Control Unit; persons who are victims for purposes of restitution. NRS 686A.295 Commissioner and Attorney General to notify agency when person licensed by or registered with agency is convicted of insurance fraud; agency to submit report to Legislature setting forth action taken. CLAIMS NRS 686A.300 Delay in payment of claim for damages to motor vehicle after receipt of statement of charges prohibited; settling claim without providing for repair of vehicle permitted; exception. NRS 686A.310 Unfair practices in settling claims; liability of insurer for damages. NRS 686A.315 Notice required with certain billing and claim forms submitted to insurers. NRS 686A.325 Settlement of third-party liability claims; written notice of payment; failure to serve notice. FINANCING OF PREMIUMS

Vegas Law