um before any reduction in that premium is made pursuant to this section, and not on the amount of the premium once it has been reduced. 3. The Commissioner shall review and approve or disapprove each policy of insurance that offers a reduction in the premiums provided for in this section. An insurer must receive the written approval of the Commissioner before delivering or issuing for delivery a policy that provides for such a reduction. (Added to NRS by 1993, 2495) NRS 690B.035 Policy covering damage to one or more of operator’s vehicles. An insurer may issue to a holder of an operator’s policy of liability insurance a policy covering damage to one or more of the operator’s vehicles. The policy is not required to provide liability insurance or uninsured vehicle coverage. (Added to NRS by 1987, 1098) NRS 690B.040 Policy providing certain automobile coverage in Mexico. An authorized casualty insurer may issue through its licensed agents an automobile insurance policy in which coverage for liability resulting from bodily injury and property damage occurring in Mexico is provided by an insurer authorized to transact and transacting such insurance in Mexico under the laws of Mexico, in a portion of such policy or endorsement thereon or rider attached thereto executed by or on behalf of such other insurer, and whether or not such other insurer is authorized to transact insurance in this State. (Added to NRS by 1971, 1778) NRS 690B.042 Claimant for damages for personal injury to provide medical reports, records and bills or authorization to receive reports, records and bills to opposing party upon request; insurer to disclose pertinent facts or provisions of policy relating to coverage at issue to insured or claimant upon request. 1. Except as otherwise provided in subsection 2, any party against whom a claim is asserted for compensation or damages for personal injury under a policy of motor vehicle insurance covering a private passenger car may require any attorney representing the claimant to provide to the party and his insurer or attorney, not more than once every 90 days, all medical reports, records and bills concerning the claim. 2. In lieu of providing medical reports, records and bills pursuant to subsection 1, the claimant or any attorney representing the claimant may provide to the party, his insurer or his attorney a written authorization to receive the reports, records and bills from the provider of health care. At the written request of the claimant or his attorney, copies of all reports, records and bills obtained pursuant to the authorization must be provided to the claimant or his attorney within 30 days after the date they are received. If the claimant or his attorney makes a written request for the reports, records and bills, the claimant or his attorney shall pay for the reasonable costs of copying the reports, records and bills. 3. Upon receipt of any photocopies of medical reports, records and bills, or a written authorization pursuant to subsection 2, the insurer who issued the policy specified in subsection 1 shall, upon request, immediately disclose to the insured or the claimant all pertinent facts or provisions of the policy relating to any coverage at issue. (Added to NRS by 1995, 1747; A 1999, 2815) PRODUCTS LIABILITY NRS 690B.060 Reports to Commissioner. Repealed. (See chapter 456, Statutes of Nevada 2005, at page 2160.) INDUSTRIAL INSURANCE NRS 690B.090 Issuance authorized. 1. Any casualty insurer may provide industrial insurance pursuant to the general provisions of chapters 616A to 617, inclusive, of NRS concerning the respective rights and obligations of employees and their employers, if the insurer: (a) Has a certificate of authority issued by the Commissioner pursuant to chapter 680A of NRS; and (b) Is specifically qualified pursuant to paragraph (c) of subsection 1 of NRS 681A.020. 2. The insurance may be purchased by qualified employers to secure the payment of compensation for employees injured in the course of employment. 3. The employer shall bear the costs for private insurance. (Added to NRS by 1995, 2059) INSURANCE FOR HOME PROTECTION NRS 690B.100 Definitions. As used in NRS 690B.100 to 690B.180, inclusive, unless the context otherwise requires: 1. “Home” means a structure used primarily for residential purposes and includes, without limitation: (a) A single-family dwelling; (b) A unit in a multiple-family structure; (c) A mobile home; and (d) The common elements of a common-interest community, as defined in NRS 116.017, and any appurtenance to the common elements. 2. “Insurance for home protection” means a contract of insurance, which affords coverage over a specified term for a predetermined fee, under which a person, other than the manufacturer, builder, seller or lessor of the home, agrees to repair, replace or indemnify from the cost of repair or replacement based upon the failure of any structure, component, system or appliance of the home. The term does not include: (a) A contract which insures against any consequential losses caused by the defects or failures. (b) An annual home service agreement on household appliances, systems and components if the agreement principally provides for service, repair or replacement due to normal wear and tear or inherent defect. Such agreements may include provisions for incidental indemnity or for service or repair of roof leaks. (Added to NRS by 1981, 1321; A 1995, 1630, 2558; 1997, 650; 1999, 1447; 2003, 3317) NRS 690B.110 Applicability of other provisions. 1. Except as provided in subsection 2 and NRS 690B.100 to 690B.180, inclusive, insurance for home protection is subject to all applicable provisions of this Code. 2. The provisions of chapters 687A and 692C of NRS do not apply to insurance for home protection. (Added to NRS by 1981, 1323) NRS 690B.120 Exemptions from licensing requirements. A person who sells insurance for home protection on behalf of an insurer who issues policies of casualty insurance or insurance for home protection is exempted from the provisions of chapter 683A of NRS which require him to be licensed as an agent, broker or solicitor if: 1. His sales activity is conducted pursuant to a written contract with the insurer which regulates his activity. 2. He holds a valid broker’s, broker-salesman’s or salesman’s license issued pursuant to chapter 645 of NRS. (Added to NRS by 1981, 1323) NRS 690B.130 Deposit of securities or surety bond; maintenance of capital stock or surplus, premium reserves and losses and loss expense reserves. 1. Except as otherwise provided in subsection 2, an insurer who issues policies of insurance for home protection, other than casualty insurance, shall deposit, in accordance with chapter 682B of NRS, securities having a market value of not less than $50,000, unless he furnishes evidence satisfactory to the Commissioner of maintaining a deposit of not less than that amount which complies with the requirements of his state of domicile and is held for the protection of all holders of insurance contracts. 2. In lieu of the deposit of securities, the insurer may post with the Commissioner a surety bond of not less than $50,000 executed by an insurer who has a valid certificate of authority issued by the Commissioner. 3. The insurer shall maintain: (a) Unimpaired paid-in capital stock or unimpaired basic surplus, or a combination thereof, in an amount not less than 10 percent of the amount charged as premiums for insurance currently in effect, but not less than $50,000, nor more than is required by NRS 680A.120 for a certificate of authority. (b) Unearned premium reserves as required by NRS 681B.060. (c) Losses and loss expense reserves as required by subsection 1 of NRS 681B.

Vegas Law