Insurance Code General Provisions and Commissioner of Insurance (scope, definitions, Commissioner's powers, examinations, hearings, fraud investigations)

What this document is

NRS Chapters 679A and 679B - Insurance Code General Provisions and Commissioner of Insurance (scope, definitions, Commissioner's powers, examinations, hearings, fraud investigations) is a state statute published by Nevada Legislature (leg.state.nv.us). It is one of the Nevada documents that insurance license exam questions are written from, including nevada life & health, nevada property & casualty, nevada personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• NRS ch. 679A and 679B § 679B.110 (Delegation of powers)

  “1. The Commissioner may delegate to his or her deputy, examiner or an employee of the Division the exercise or discharge in the Commissioner’s name of any power, duty or function, whether ministerial, discretionary or of whatever character, vested in or imposed upon the Commissioner. 2. The...”

• NRS ch. 679A and 679B § 679B.310(4) (Administrative procedures; hearings in general)

  “Failure to hold the hearing upon application therefor of a person entitled thereto as provided in this section constitutes a denial of the relief sought, and is the equivalent of a final order of the Commissioner on hearing for the purpose of an appeal pursuant to NRS 679B.370.”

• NRS ch. 679A and 679B § 679B.250(6) (Conduct of examination; removal of records)

  “Neither the Commissioner nor any examiner may remove any record, account, document, file or other property of the person being examined from the offices or place of the person examined except with the written consent of the person before removal or pursuant to an order of court duly obtained. This...”

• NRS ch. 679A and 679B § 679A.130 (Transacting insurance defined)

  “In addition to other aspects of insurance operations to which provisions of this Code by their terms apply, “transact” with respect to a business of insurance includes any of the following, by mail or otherwise or whether or not for the purpose of profit: 1. Solicitation or inducement. 2....”

• NRS § 679B.250(6) (Conduct of Examination; Access to Records; Corrections; Penalty)

  “Neither the Commissioner nor any examiner may remove any record, account, document, file or other property of the person being examined from the offices or place of the person examined except with the written consent of the person before removal or pursuant to an order of court duly obtained. This...”

• NRS § 679A.210(2) (Prohibited Provisions in Policy of Liability Insurance Relating to Costs of Defense, Legal Costs and Fees and Other Expenses for Claims; Exemptions)

  “The provisions of this section do not apply to: (a) A risk retention group, as defined in NRS 695E.110. (b) Captive insurance that does not cover third-party liability. (c) A nonadmitted insurer, as defined in NRS 685A.0375.”

• NRS § 679A.090 (“Domestic,” “foreign” and “alien” insurer defined)

  “1. A “domestic” insurer is one: (a) Formed under the laws of Nevada, unless it has converted into a foreign insurer; or (b) Which has converted into a domestic insurer. 2. A “foreign” insurer is one: (a) Formed under the laws of any jurisdiction other than this state, unless it has converted into a...”

• NRS § 679A.130 (“Transacting insurance” defined)

  “In addition to other aspects of insurance operations to which provisions of this Code by their terms apply, “transact” with respect to a business of insurance includes any of the following, by mail or otherwise or whether or not for the purpose of profit: 1. Solicitation or inducement. 2....”

• NRS § 679A.115 (“Premium” defined)

  ““Premium” means the consideration for insurance, by whatever name called. The term includes any “assessment,” or any “membership,” “policy,” “survey,” “inspection,” “service” or similar fee or other charge assessed or collected by the insurer or an agent of the insurer in consideration for an...”

• NRS § 679B.225 (Inspection of insurance policies)

  “The Commissioner, at any time, may inspect any insurance policy covering any risk in this state. Every policyholder, upon request, shall produce any insurance policy in his or her possession or under his or her control for inspection by the Commissioner.”

• NRS § 679B.230(1) (Examination of insurers)

  “1. For the purpose of determining its financial condition, fulfillment of its contractual obligations and compliance with law, the Commissioner shall, as often as he or she deems advisable, examine the affairs, transactions, accounts, records and assets of each authorized insurer, and of any person...”

• NRS § 679A.090(2) (“Domestic,” “foreign” and “alien” insurer defined)

  “A “foreign” insurer is one: (a) Formed under the laws of any jurisdiction other than this state, unless it has converted into a domestic insurer; or (b) Which has converted into a foreign insurer.”

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