1. No insurer shall be formed or authorized to transact insurance in this state which has or uses a name which is the same as or deceptively similar to that of another insurer already so authorized, without the written consent of such other insurer.
2. No life insurer shall be so authorized which has or uses a name deceptively similar to that of another insurer, other than a predecessor in interest, authorized to transact insurance in this state within the preceding 10 years if life insurance policies originally issued by such other insurer are still outstanding in this state.
3. No insurer shall be formed or authorized to transact insurance which has or uses a name the same as or deceptively similar to that of any foreign insurer not so authorized if such foreign insurer has within the next preceding 12 months signified its intention to secure an incorporation in this state under such name, or to do business as a foreign insurer in this state under such name, by filing notice of such intention with the Commissioner, unless the written consent to the use of such name or deceptively similar name has been given by such foreign insurer.
4. No insurer shall be so authorized which has or uses a name which tends to deceive or mislead as to the type of organization of the insurer.
5. In case of conflict of names between two insurers, or a conflict otherwise prohibited under this section, the Commissioner may permit (or shall require as a condition to the issuance of an original certificate of authority to an applicant insurer) the insurer to use in this state such supplementation or modification of its name or such business name as may reasonably be necessary to avoid the conflict.
6. Except as provided in subsection 5, an insurer shall conduct its business in this state in its own corporate (if incorporated) or proper (if a reciprocal insurer) name.
(Added to NRS by 1971, 1579)
Structure Nevada Revised Statutes
Chapter 680A - Authorization of Insurers and General Requirements
NRS 680A.020 - "Charter" defined.
NRS 680A.028 - "Multiple employer welfare arrangement" defined.
NRS 680A.030 - "Mutual" insurer defined.
NRS 680A.040 - "Reciprocal" insurer defined.
NRS 680A.050 - "Stock" insurer defined.
NRS 680A.058 - Applicability of chapter to self-funded multiple employer welfare arrangements.
NRS 680A.060 - Certificate of authority: Required; penalty.
NRS 680A.070 - Certificate of authority: Exceptions to requirement.
NRS 680A.080 - Eligibility for certificate of authority: General requirements.
NRS 680A.090 - Eligibility for certificate of authority: Ownership; management.
NRS 680A.095 - Certificate of authority: Required to transact reinsurance; eligibility; exceptions.
NRS 680A.100 - Name of insurer.
NRS 680A.110 - Combinations of insuring powers.
NRS 680A.120 - Required capital.
NRS 680A.130 - Combinations of insurance for which additional capital not required.
NRS 680A.140 - Required deposit; deposit in other state.
NRS 680A.150 - Certificate of authority: Application.
NRS 680A.160 - Certificate of authority: Issuance or refusal; contents and ownership.
NRS 680A.170 - Certificate of authority: Amendment; fee.
NRS 680A.173 - Transfer of insurer’s domicile: Foreign insurer may become domestic insurer.
NRS 680A.177 - Transfer of insurer’s domicile: Duties of insurer; effect on policies.
NRS 680A.180 - Continuance, expiration and reinstatement of certificate of authority.
NRS 680A.230 - Applicability of general corporation laws to foreign insurers; exception.
NRS 680A.300 - Agent required; execution of emergency bond.
NRS 680A.330 - Retaliatory provision.
NRS 680A.510 - "Deliver by electronic means" defined.
NRS 680A.520 - "Party" defined.
NRS 680A.550 - Requirements for delivery.
NRS 680A.560 - Circumstances in which insurer required to cease delivery by electronic means.
NRS 680A.570 - Withdrawal of consent to delivery by electronic means.
NRS 680A.580 - Effect of consent to delivery by electronic means given before October 1, 2017.