NRS 690B.290
Insurer required to offer extended reporting endorsement to certain practitioners

disclosure of formula used to determine premium.

If an insurer offers to issue a claims-made policy to a practitioner licensed pursuant to chapter 630, 631, 632 or 633 of NRS, the insurer shall:

1.

Offer to issue an extended reporting endorsement to the practitioner; and

2.

Disclose to the practitioner the cost formula that the insurer uses to determine the premium for the extended reporting endorsement. The cost formula must be based on:

(a)

An amount that is not more than twice the amount of the premium for the claims-made policy at the time of the termination of that policy; and

(b)

The rates filed by the insurer and approved by the Commissioner.

Source: Section 690B.290 — Insurer required to offer extended reporting endorsement to certain practitioners; disclosure of formula used to determine premium., https://www.leg.state.nv.us/NRS/NRS-690B.html#NRS690BSec290.

690B.200
Definitions. 690B.210
“Claims-made policy” defined. 690B.220
“Extended reporting endorsement” defined. 690B.230
“Practitioner” defined. 690B.240
“Professional liability insurance” defined. 690B.250
Practitioners of the healing arts: Reports to licensing boards 690B.260
Physicians and osteopathic physicians: Reports to Commissioner and licensing boards. 690B.270
Disclosure of reasons for failure to issue professional liability insurance. 690B.280
Disclosure of reasons for higher premium. 690B.290
Insurer required to offer extended reporting endorsement to certain practitioners 690B.300
Prohibition against setting different premium rates based on number of babies delivered for certain practitioners 690B.310
Prohibition against confidentiality of certain information relating to settlement of claim for breach of professional duty of certain practitioners. 690B.320
Insurer required to offer extended reporting endorsement 690B.330
Required reduction in premium for implementation of qualified risk management system. 690B.340
Review of settlement or judgment by Commissioner. 690B.350
Essential medical specialties: Determination, cancellation, termination or nonrenewal of professional liability insurance. 690B.360
Information pertinent to monitoring compliance with applicable standards for rates: Commissioner to collect 690B.370
Annual report on loss prevention and control programs.

Last Updated

Feb. 5, 2021

§ 690B.290’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_690b.290

Original Source: Section 690B.290 — Insurer required to offer extended reporting endorsement to certain practitioners; disclosure of formula used to determine premium., https://www.leg.state.nv.us/NRS/NRS-690B.html#NRS690BSec290 (last accessed Feb. 5, 2021).