NRS 686A.220
Favored agent or surety for bonds under public building or construction contract.


1.

Except as otherwise provided in NRS 616B.710, no officer or employee of this state, or of any public agency, public authority or public corporation (except a public corporation or public authority created pursuant to agreement or compact with another state), and no person acting or purporting to act on behalf of such officer or employee, or public agency or public authority or public corporation, shall, with respect to any public building or construction contract which is about to be or which has been competitively bid, require the bidder to make application or furnish financial data to, or to obtain or procure any of the surety bonds or contracts of insurance specified in connection with such contracts or by any law from, a particular insurer or agent or broker.

2.

Except as otherwise provided in NRS 616B.710, no such officer or employee or any person acting or purporting to act on behalf of such officer or employee shall negotiate, make application for, obtain or procure any of such surety bonds or contracts of insurance (except contracts of insurance for builder’s risk or owner’s protective liability) which can be obtained or procured by the bidder, contractor or subcontractor.

3.

This section does not, however, prevent the exercise by such officer or employee on behalf of the State or such public agency, public authority or public corporation of its right to approve the form, sufficiency or manner of execution of the surety bonds or contracts of insurance furnished by the insurer selected by the bidder to underwrite such bonds or contracts of insurance.

4.

Any provisions in any invitation for bids or in any of the contract documents in conflict with this section are declared to be contrary to the public policy of this state.

5.

A violation of this section is subject to the penalties provided by NRS 679A.180 (general penalty).

Source: Section 686A.220 — Favored agent or surety for bonds under public building or construction contract., https://www.­leg.­state.­nv.­us/NRS/NRS-686A.­html#NRS686ASec220.

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

Jun. 24, 2021

§ 686A.220’s source at nv​.us