Nevada Revised Statutes
Chapter 686A - Trade Practices and Frauds; Financing of Premiums
NRS 686A.380 - Renewal of license.


1. A company must renew its license on or before March 1 of each year. An application for renewal must be submitted on a form prescribed by the Commissioner and must be accompanied by:
(a) A financial statement for the preceding year; and
(b) A fee of $500, any penalty imposed pursuant to subsection 2 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110.
2. The Commissioner may grant an extension allowing a company to file an application for renewal after March 1 if the company shows that for reasons beyond its control it cannot apply before that date. If a company which has not been granted an extension files its application for renewal after March 1, the company shall pay a penalty of $25 for each day the application is late.
(Added to NRS by 1985, 1155; A 1987, 463; 1991, 1629; 2009, 1784)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 686A - Trade Practices and Frauds; Financing of Premiums

NRS 686A.010 - Purpose.

NRS 686A.015 - Jurisdiction of Commissioner; Commissioner required to establish program to investigate unfair and deceptive trade practices.

NRS 686A.020 - Unfair methods of competition and unfair or deceptive acts or practices prohibited.

NRS 686A.025 - Unfair acts and practices: Disclosure of nonpublic personal information in manner contrary to federal law; regulations.

NRS 686A.027 - Unfair or deceptive methods, acts or practices: Knowing access or use of contractual discount of provider of health care pursuant to provider network contract without applicable contractual relationship.

NRS 686A.030 - Misrepresentation and false or misleading advertising of policies prohibited.

NRS 686A.040 - False, deceptive or misleading information and advertising prohibited.

NRS 686A.050 - "Twisting" prohibited.

NRS 686A.055 - Use of existence of Nevada Insurance Guaranty Association or Nevada Life and Health Insurance Guaranty Association to induce purchase of or discourage termination of insurance covered by Association prohibited; exception.

NRS 686A.060 - Replacement of life insurance: Statements required to be given to policyholder.

NRS 686A.070 - Falsification of or knowing omissions in records or falsification of financial statements prohibited; penalty.

NRS 686A.080 - Defamatory statement concerning person engaged or proposing to engage in business of insurance prohibited.

NRS 686A.085 - Bank prohibited from requiring customers to purchase insurance from parent, subsidiary or affiliate of bank.

NRS 686A.090 - Boycott, coercion or intimidation tending to result in unreasonable restraint of or monopoly in business of insurance prohibited.

NRS 686A.095 - Cancellation or restriction of agent’s authority based solely on loss ratio experience prohibited in certain circumstances.

NRS 686A.100 - Life insurance, annuities and health insurance: Unfair discrimination prohibited.

NRS 686A.110 - Life insurance, annuities and health insurance: Rebates and other inducements prohibited; exceptions.

NRS 686A.120 - Life insurance, annuities and health insurance: Exceptions to provisions limiting discrimination, rebates and use of securities as inducements.

NRS 686A.130 - Property, casualty, surety and title insurance: Unfair discrimination and rebates prohibited; exceptions.

NRS 686A.135 - Vision care: Prohibited provisions in contract between insurer and provider related to prescription of devices or materials in which insurer has pecuniary interest; insurer required to provide list of reimbursement rates to provider be...

NRS 686A.140 - Violations concerning rebates and inducements: Penalties; effect.

NRS 686A.150 - Using security, advisory board contract or agreement offering or promising profit as inducement prohibited.

NRS 686A.160 - Enforcement: Prohibited methods, acts or practices.

NRS 686A.170 - Enforcement: Undefined practices.

NRS 686A.180 - Service of process upon unauthorized insurers.

NRS 686A.183 - Cease and desist orders and penalties for prohibited methods, acts or practices; modification and setting aside of Commissioner’s orders.

NRS 686A.185 - Review and finality of Commissioner’s orders.

NRS 686A.187 - Penalties for violating cease and desist order.

NRS 686A.190 - Interlocking ownership or management; serving as director of competing insurers.

NRS 686A.200 - Plan or transaction involving favored agent or insurer prohibited; exception.

NRS 686A.210 - Service and processing charges prohibited.

NRS 686A.220 - Favored agent or surety for bonds or insurance contracts under public building or construction contract prohibited; exceptions; penalty.

NRS 686A.230 - Illegal dealing in premiums; excess charges for insurance; regulations related to fees of broker, consultant or financial planner; written contract for consultation.

NRS 686A.240 - Favoritism to groups prohibited; exceptions.

NRS 686A.250 - Use of insurance or annuity as inducement for purchase or rental of property or services without separate charge prohibited; exceptions.

NRS 686A.260 - Revocation or suspension of license for violation of laws of other state.

NRS 686A.270 - Knowledge of insurer of prohibited acts required for violation.

NRS 686A.280 - Use of name deceptively implying person is insurer prohibited by person who is not insurer.

NRS 686A.281 - Definitions.

NRS 686A.2815 - "Insurance fraud" defined.

NRS 686A.282 - "Investigative or law enforcement agency" defined.

NRS 686A.2825 - "Practitioner" defined. [Effective through December 31, 2021.] "Practitioner" defined. [Effective January 1, 2022.]

NRS 686A.283 - Reporting requirements; duties of Commissioner and Attorney General; prosecution by district attorney.

NRS 686A.285 - Report by insurer of suspicion that loss to insured was caused by other than accidental or natural occurrence.

NRS 686A.287 - Provision by insurer of information concerning fraud upon request by Attorney General, Commissioner or certain agencies.

NRS 686A.289 - Provision to insurer of information concerning fraud upon completion of investigation or prosecution; confidentiality of information.

NRS 686A.290 - Applications for insurance: False or fraudulent statements or representations prohibited; penalties.

NRS 686A.291 - Criminal penalty for insurance fraud.

NRS 686A.292 - Additional penalties for insurance fraud; payment of expenses of Fraud Control Unit; persons who are victims for purposes of restitution.

NRS 686A.295 - Commissioner and Attorney General required to notify agency when person licensed by or registered with agency is convicted of insurance fraud.

NRS 686A.300 - Delay in payment of claim for damages to motor vehicle after receipt of statement of charges prohibited; settling claim without providing for repair of vehicle permitted; exception.

NRS 686A.310 - Unfair practices in settling claims; liability of insurer for damages.

NRS 686A.313 - Required coordination by multiple insurers for certain dental claims; denial of claim prohibited; regulations.

NRS 686A.315 - Statements required with certain billing and claim forms submitted to insurers; failure to provide statements not defense in prosecution for insurance fraud.

NRS 686A.325 - Settlement of third-party liability claims: Written notice of payment to claimant required; effect of failure to serve notice.

NRS 686A.330 - Definitions.

NRS 686A.335 - Applicability of chapter 696B of NRS.

NRS 686A.340 - Engaging in business of company without license prohibited; exception.

NRS 686A.350 - Exemptions from requirement of licensing.

NRS 686A.360 - Application for license: Form; fees; bond; required documents; provision of material changes to Commissioner.

NRS 686A.370 - True name and fictitious name of applicant or licensee; grounds for disapproval of name.

NRS 686A.380 - Renewal of license.

NRS 686A.385 - Schedule of rates and charges: Required to be filed with Commissioner for approval; filing of changes; inclusion in schedule required for imposition.

NRS 686A.390 - Approval of forms.

NRS 686A.400 - Records: Maintenance; form of preservation; open to Commissioner.

NRS 686A.410 - Examination of company by Commissioner.

NRS 686A.420 - Contents of agreement.

NRS 686A.430 - Furnishing of completed copy of agreement to insured.

NRS 686A.440 - Interest; service charge; prepayment.

NRS 686A.450 - Permissible charges: Late payment; returned check; collection costs or attorney’s fees.

NRS 686A.460 - Cancellation of insurance policy listed in agreement containing power of attorney enabling cancellation by company.

NRS 686A.470 - Return of unearned premium and commission.

NRS 686A.480 - Prohibited payments: Membership in motor club; policy of insurance covering accidental death or dismemberment.

NRS 686A.490 - No recourse against agent based on insured’s default in payments; limitation on inducements; prohibited acts by company, agent or broker related to submission of agreement.

NRS 686A.500 - Disclosure of financial interest required; agent or broker who submits or performs services in connection with agreement prohibited from receiving compensation.

NRS 686A.510 - Penalties.

NRS 686A.520 - Applicability of other provisions.

NRS 686A.600 - Definitions.

NRS 686A.610 - "Adverse action" defined.

NRS 686A.620 - "Affiliate" defined.

NRS 686A.630 - "Consumer credit report" defined.

NRS 686A.640 - "Consumer reporting agency" defined.

NRS 686A.650 - "Credit information" defined.

NRS 686A.660 - "Insurance score" defined.

NRS 686A.670 - Applicability.

NRS 686A.680 - Consumer credit reports: Uses; limitations.

NRS 686A.685 - Insurer that uses credit information to provide reasonable exceptions in certain circumstances.

NRS 686A.690 - Reunderwriting or rerating of insured; refund of premium.

NRS 686A.700 - Disclosure of use of credit information.

NRS 686A.710 - Notice requirements after taking adverse action.

NRS 686A.720 - Indemnification of agent by insurer.

NRS 686A.730 - Consumer reporting agencies: Prohibitions; exemptions.