ic mutual insurer or domestic reciprocal insurer: Issuance of certificate of authority. Upon determining that an association has complied with NRS 686B.330 to 686B.370, inclusive, and all other requirements applicable to domestic mutual insurers, if the association is qualifying as a domestic mutual insurer, or to domestic reciprocal insurers, if the association is qualifying as a domestic reciprocal insurer, the Commissioner may issue to the association a certificate of authority to transact business as a domestic mutual insurer or a domestic reciprocal insurer. (Added to NRS by 2003, 3304) CHAPTER 687B - CONTRACTS OF INSURANCE NRS 687B.010 Scope. NRS 687B.015 “Binder” defined. NRS 687B.021 Signatures. NRS 687B.030 Waiver of payment of premium. NRS 687B.040 Insurable interest: Personal insurance. NRS 687B.050 Insurable interest: Exception when certain institutions designated beneficiary. NRS 687B.060 Insurable interest: Property. NRS 687B.070 Power to contract: Purchase of insurance and annuities by minors. NRS 687B.080 Consent of insured to life or health insurance required; exceptions; notice of application for or request to increase coverage of insurance upon life of another required. NRS 687B.090 Alteration of application: Life and health insurance. NRS 687B.100 Application as evidence. NRS 687B.110 Representations in applications. NRS 687B.113 Control of cost of health care: Provisions encouraging use of certain services and facilities. NRS 687B.117 Control of cost of health care: Insurer required to use three or more practices that control cost in administering benefits. NRS 687B.120 Filing and approval of forms. NRS 687B.122 Readability of policies: Applicability of requirements. NRS 687B.124 Readability of policies: Flesch test; style, arrangement and overall appearance; index or table of contents. NRS 687B.126 Readability of policies: Filing policy for Commissioner’s approval; exceptions to score requirements on Flesch test. NRS 687B.128 Readability of policies: Approval by Commissioner. NRS 687B.130 Grounds for disapproval. NRS 687B.140 Standard provisions. NRS 687B.145 Provisions in policies of casualty insurance: Proration of recovery or benefits; uninsured and underinsured motorist coverage; coverage for medical expenses; insurer not entitled to subrogation upon payment made because of underinsured vehicle coverage. NRS 687B.147 Exclusion, reduction or limitation of certain coverage in motor vehicle insurance policies allowed; conditions; form and contents of disclosure. NRS 687B.150 Inclusion of portion of charter or bylaws. NRS 687B.160 Execution of policies. NRS 687B.170 Underwriters’ and combination policies. NRS 687B.180 Validity and construction of noncomplying forms. NRS 687B.182 Binders: Issuance; effective dates. NRS 687B.183 Binders: Forms; required statement; delivery. NRS 687B.184 Binders: Form and premium for policy issued as replacement. NRS 687B.185 Binders: Prohibition of use to lower premiums. NRS 687B.186 Binders: Proof of insurance coverage. NRS 687B.187 Binders: Disapproval of insurer. NRS 687B.190 Delivery of policy. NRS 687B.200 Assignability. NRS 687B.210 Payment discharges insurer. NRS 687B.220 Forms for proof of loss to be furnished. NRS 687B.225 Requirements for contracts for payment of cost of medical or dental care which require prior authorization of care. NRS 687B.240 Administration of claims not waiver. NRS 687B.250 Payment not to constitute admission of liability or waiver of defenses. NRS 687B.255 Insurer to pay claim with negotiable instrument. NRS 687B.260 Exemption of proceeds of certain policies. NRS 687B.270 Exemption of proceeds: Health insurance. NRS 687B.280 Exemption of proceeds: Group insurance. NRS 687B.290 Exemption of proceeds: Annuities; assignability of rights. NRS 687B.300 Retention of proceeds of policy by insurer. NRS 687B.310 Cancellations and nonrenewals; scope of application. NRS 687B.320 Midterm cancellation; exception. NRS 687B.325 Industrial insurance policies: Midterm cancellation; notice to policyholder. NRS 687B.330 Anniversary cancellation. NRS 687B.340 Nonrenewals. NRS 687B.345 Annual review of coverage and benefits provided in policy. NRS 687B.350 Renewal with altered terms. NRS 687B.355 Information about claims paid on behalf of policyholder; regulations. NRS 687B.360 Information about grounds. NRS 687B.370 Information about applying for insurance through certain plans; exception. NRS 687B.380 Immunity. NRS 687B.385 Cancellation, nonrenewal or increase in premium due to claims for which insured was not at fault prohibited. NRS 687B.390 Cancellation or nonrenewal on sole basis of age, residence, race, color, creed, national origin, ancestry or occupation prohibited. NRS 687B.400 Discrimination on sole basis of age prohibited; burden of proof; exception. NRS 687B.410 Withdrawal of insurance for particular class of insureds: Notice; administrative review. NRS 687B.420 Notice of proposed cancellation, nonrenewal or alteration of terms of certain policies or contracts of insurance. NRS 687B.430 Regulations: Policies which provide for payment of expenses not covered by Medicare; sale of more than one policy of health insurance to same person. NRS 687B.440 Umbrella policies: Disclosure statement indicating whether policy includes uninsured or underinsured motorist coverage; form. _________ NRS 687B.010 Scope. This chapter applies to all insurance contracts and annuity contracts other than: 1. Reinsurance. 2. Policies or contracts not issued for delivery in this state nor delivered in this state. 3. Wet marine and transportation insurance. (Added to NRS by 1971, 1712) NRS 687B.015 “Binder” defined. As used in this chapter, unless the context otherwise requires, “binder” means an oral or written contract for temporary insurance which is used when a policy is not immediately issued to evidence that the coverage attaches at a specified time and continues until the policy is issued or the risk is declined. (Added to NRS by 1983, 1120) NRS 687B.021 Signatures. Unless otherwise provided by a specific statute, if a signature is required of any person, the person may provide as the signature of the person: 1. An original signature; 2. A facsimile signature; or 3. An electronic signature pursuant to the provisions of chapter 719 of NRS. (Added to NRS by 2003, 2806) NRS 687B.030 Waiver of payment of premium. With respect to any kind of insurance and any type of insurance contract, the insurer may provide for waiver of payment of premium for such causes and subject to such terms and conditions as may be specified in the contract. (Added to NRS by 1971, 1712; A 1981, 1142) NRS 687B.040 Insurable interest: Personal insurance. 1. Any natural person of competent legal capacity may procure or effect an insurance contract upon his own life or body for the benefit of any person. But a person shall not procure or cause to be procured any insurance contract upon the life or body of another individual unless the benefits under the contract are payable to the person insured or his personal representatives, or to a person having, at the time when the contract was made, an insurable interest in the person insured. 2. If the beneficiary, assignee or other payee under any contract made in violation of this section rece

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