NV SB86 | 2019 | 80th Legislature

Status

Spectrum: Partisan Bill (? 1-0)
Status: N/A - 0% progression
Action: 2018-11-26 - From printer.
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Summary

AN ACT relating to insurance; revising provisions governing the payment of the expenses for an examination of an insurer; eliminating certain requirements relating to reporting of closed claims for medical liability insurance; eliminating the requirement that certain expired, suspended or terminated certificates be surrendered; requiring certain insurers to file quarterly statements; eliminating certain countersignature requirements; revising provisions governing the taxation of money received by a life insurer pursuant to an annuity agreement; revising certain requirements for an application for a certificate of registration as an administrator; revising provisions governing annual reports filed by an administrator; revising provisions requiring an adjuster to maintain in this State a place of business; authorizing the Commissioner of Insurance to designate certain insurers as domestic surplus lines insurers; authorizing the Commissioner to assess against an insurer the cost for the review of a proposal to change the rate of a health plan; revising requirements relating to certificates of registration as a provider of service contracts; authorizing the Commissioner to issue a certificate of dormancy to certain captive insurers; revising provisions governing state-chartered risk retention groups for consistency with the accreditation standards of the National Association of Insurance Commissioners; revising provisions governing the suspension or revocation of a license of a captive insurer; revising certain requirements relating to certain financial transactions by a captive insurer; establishing or revising minimum capital requirements for certain insurers; revising provisions governing insurers in receivership; providing a penalty; and providing other matters properly relating thereto.

Tracking Information

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Title

Makes various changes relating to the regulation of insurers by the Division of Insurance of the Department of Business and Industry. (BDR 57-238)

Sponsors


History

DateChamberAction
2018-11-26SenateFrom printer.
2018-11-20SenatePrefiled. Referred to Committee on Commerce and Labor. To printer.

Nevada State Sources


Bill Comments

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