NRS 686B.1793
Penalties.

1.

An insurer or other person who violates any provision of NRS 686B.1751 to 686B.1799, inclusive, shall, upon the order of the Commissioner, pay an administrative fine not to exceed $1,000 for each violation and not to exceed $10,000 for each willful violation. These administrative fines are in addition to any other penalty provided by law. Any insurer using a rate before it has been filed with the Commissioner as required by NRS 686B.1775, shall be deemed to have committed a separate violation for each day the insurer failed to file the rate.

2.

The Commissioner may suspend or revoke the license of any advisory organization or insurer who fails to comply with an order within the time specified by the Commissioner or any extension of that time made by the Commissioner. Any suspension of a license is effective for the time stated by the Commissioner in his or her order or until the order is modified, rescinded or reversed.

3.

The Commissioner, by written order, may impose a penalty or suspend a license pursuant to this section only after written notice to the insurer, organization or plan for apportioned risks and a hearing.

Source: Section 686B.1793 — Penalties., https://www.­leg.­state.­nv.­us/NRS/NRS-686B.­html#NRS686BSec1793.

686B.176
“Plan for rating experience” defined. 686B.177
Rating information to be filed with Commissioner 686B.178
Commissioner to issue written order stating reasons for disapproval and date by which insurer must discontinue use of rate. 686B.179
Revocation or suspension of license. 686B.1751
Definitions. 686B.1752
“Advisory Organization” defined. 686B.1753
“Basic premium rate” defined. 686B.1754
“Classification of risks” defined. 686B.1755
“Expenses” defined. 686B.1757
“Industrial insurance” defined. 686B.1759
“Insurer” defined. 686B.1761
“Rate” defined. 686B.1762
“Willful” defined. 686B.1763
Applicability of provisions 686B.1764
Designation 686B.1765
Powers. 686B.1767
Prohibited acts. 686B.1769
Uniform Plan for Rating Experience: Requirements 686B.1771
Plan for apportionment among insurers of persons entitled to insurance who have not been accepted by an insurer. 686B.1772
Insurers to adhere to Uniform System of Classifications of Risks and Uniform Plan for Rating Experience 686B.1773
Insurers to record and report certain information and adhere to manual of rules and Uniform Plan for Rating Experience. 686B.1774
Commissioner to determine whether interaction among insurers and employers is competitive. 686B.1775
Filing of rates and supplementary rate information by insurer with Commissioner 686B.1777
When Commissioner may require supporting information regarding rates 686B.1779
Grounds for disapproval of rates. 686B.1781
Payment of dividends: Prohibition against discrimination 686B.1782
Agreements to lessen competition among insurers prohibited 686B.1783
Maintenance of records 686B.1784
Examination by Commissioner 686B.1785
Request for reconsideration of rates 686B.1786
Large-deductible agreements: Applicability. 686B.1787
Insurer or advisory organization may request hearing before Commissioner. 686B.1789
Provisions governing hearing. 686B.1793
Penalties. 686B.1797
Insurer prohibited from withholding or giving false or misleading information to Commissioner or Advisory Organization. 686B.1799
Limitation on liability of insurer or rating organization acting within scope of employment. 686B.17595
“Large-deductible agreement” defined. 686B.17605
“Prospective loss cost” defined. 686B.17645
Duty to file with Commissioner formula to assess insurers for certain costs 686B.17863
Large-deductible agreements: Full collateralization required 686B.17867
Large-deductible agreements: Insurer in hazardous financial condition prohibited from issuing or renewing policy containing large-deductible agreement
Last Updated

Feb. 5, 2021

§ 686B.1793’s source at nv​.us