NRS 690A.012
“Compensation” defined.


“Compensation” means any valuable consideration, direct or indirect, paid by or on behalf of the insurer, or by any subsidiary or parent, or subsidiary of the parent of the insurer, or by any other person to or on behalf of any group policyholder or producer or withheld from an insurer by any group policyholder or producer, and includes:

1.

Paid or credited commissions or contingent commissions.

2.

Fees for services, consulting fees or any other fee paid or credited within or outside this State in direct relation to the volume of premiums produced or written in this State.

3.

The use of electronic data processing equipment or services, except for devices provided in lieu of books and charts of rates and refunds usable only for that purpose.

4.

The furnishing of supplies, except forms approved by the Commissioner, the usual forms for claims and reports, envelopes for transmitting claims and brochures, and books and charts of rates and refunds.

5.

Providing rental equipment of any type.

6.

Advertising.

7.

Providing telephone service without charge or at a charge less than the usual cost.

8.

Participation in a profit-sharing plan.

9.

Dividends and refunds or credits based on experience ratings.

10.

An allowance for expenses.

11.

Participation in stock plans or bonuses.

12.

Any form of credit, including the use of money.

13.

Commissions for reinsurance, ceded or assumed.

14.

Reinsurance with a nonauthorized insurer owned or controlled by a creditor or producer or with a nonauthorized insurer in which a creditor or producer is a stockholder.

15.

Any commission or fee, inducement or intention to induce, or any other consideration arising from the sale of insurance or other product or service, except consumer credit insurance as part of the transaction in which the indebtedness is arranged or the application for the consumer credit insurance is made.

Source: Section 690A.012 — “Compensation” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-690A.­html#NRS690ASec012.

690A.010
Scope.
690A.011
Definitions.
690A.012
“Compensation” defined.
690A.015
“Credit insurance” and “consumer credit insurance” defined.
690A.016
“Credit life insurance” defined.
690A.017
“Creditor” defined.
690A.018
“Debtor” defined.
690A.045
Amounts of credit life insurance.
690A.050
Amounts of credit accident and health insurance or credit unemployment insurance.
690A.055
Combinations of consumer credit insurance
690A.063
Commencement of consumer credit insurance
690A.067
Term and cancellation of consumer credit insurance.
690A.073
Required disclosures.
690A.075
Acceptance of insurance by insurer other than named insurer
690A.077
Policies and certificates of insurance: Contents
690A.083
Delivery of application or notice of proposed insurance
690A.085
Policies, forms and schedules: Filing
690A.087
Adoption of forms by regulation
690A.093
Establishment of reasonable rates by regulation
690A.095
Filing of revised schedule of premium rates.
690A.097
Refund of unearned premiums
690A.103
Payment for consumer credit insurance without issuance of individual policy or group certificate.
690A.107
Amount charged for consumer credit insurance.
690A.120
Issuance of policies and certificates of consumer credit insurance.
690A.130
Claims.
690A.0135
“Credit accident and health insurance” defined.
690A.140
Existing insurance
690A.0163
“Credit transaction” defined.
690A.0167
“Credit unemployment insurance” defined.
690A.0195
“Gross debt” defined.
690A.0205
“Identifiable charge” defined.
690A.0243
“Net debt” defined.
690A.0247
“Open-end credit” defined.
690A.260
Transfers to unauthorized insurer.
690A.273
Creditor as agent of insurer.
690A.277
Regulations.
690A.280
Administrative penalties
Last Updated

Jun. 24, 2021

§ 690A.012’s source at nv​.us