NRS 686A.150
Using security, advisory board contract or agreement offering or promising profit as inducement prohibited.

Except as provided in subsection 2 of NRS 686A.120 (contemporaneous sales of life insurance and mutual fund shares), no person shall sell, agree or offer to sell, or give or offer to give, directly or indirectly in any manner whatsoever, as an inducement to insurance or in connection therewith, any stock, shares, bonds or other securities of any kind, or any advisory board contract or other contract or agreement of any kind offering or promising returns and profits.

Source: Section 686A.150 — Using security, advisory board contract or agreement offering or promising profit as inducement prohibited., https://www.­leg.­state.­nv.­us/NRS/NRS-686A.­html#NRS686ASec150.

686A.010
Purpose. 686A.015
Jurisdiction of Commissioner 686A.020
Unfair methods and deceptive acts prohibited. 686A.025
Unfair acts and practices: Disclosure of nonpublic personal information in manner contrary to federal law. 686A.027
Unfair acts and practices: Use of contractual discount without applicable contractual relationship. 686A.030
Misrepresentation and false advertising of policies prohibited. 686A.040
False information and advertising prohibited. 686A.050
“Twisting” prohibited. 686A.055
Prohibited use of fact that insurance is covered by Nevada Insurance Guaranty Association or Nevada Life and Health Insurance Guaranty Association. 686A.060
Replacement of life insurance. 686A.070
Falsification of records or financial statements prohibited 686A.080
Defamatory statement concerning person engaged or proposing to engage in business of insurance prohibited. 686A.085
Bank prohibited from requiring customers to purchase insurance from parent, subsidiary or affiliate of bank. 686A.090
Boycott, coercion or intimidation tending to result in unreasonable restraint of or monopoly in business of insurance prohibited. 686A.095
Cancellation or restriction of agent’s authority based solely on submission of claims prohibited. 686A.100
Life insurance, annuities and health insurance: Unfair discrimination prohibited. 686A.110
Life insurance, annuities and health insurance: Rebates and other inducements prohibited 686A.120
Life insurance, annuities and health insurance: Exceptions to provisions limiting discrimination, rebates and use of securities as inducements. 686A.130
Property, casualty, surety and title insurance: Unfair discrimination and rebates prohibited 686A.140
Violations concerning rebates and inducements: Penalties 686A.150
Using security, advisory board contract or agreement offering or promising profit as inducement prohibited. 686A.160
Enforcement: Prohibited practices. 686A.170
Enforcement: Undefined practices. 686A.180
Service of process upon unauthorized insurers. 686A.183
Cease and desist orders and penalties for prohibited practices 686A.185
Review and finality of Commissioner’s orders. 686A.187
Penalties for violating cease and desist order. 686A.190
Interlocking ownership or management. 686A.200
Favored agent or insurer. 686A.210
Service and processing charges prohibited. 686A.220
Favored agent or surety for bonds under public building or construction contract. 686A.230
Illegal dealing in premiums 686A.240
Favoritism to groups prohibited 686A.250
Use of insurance or annuity as inducement for purchase or rental of property or services prohibited 686A.260
Revocation or suspension of license for violation of laws of other state. 686A.270
Knowledge of insurer of prohibited acts. 686A.280
Use of name deceptively implying person is insurer prohibited.
Last Updated

Feb. 5, 2021

§ 686A.150’s source at nv​.us