Nevada Revised Statutes
Chapter 686A - Trade Practices and Frauds; Financing of Premiums
NRS 686A.450 - Permissible charges: Late payment; returned check; collection costs or attorney’s fees.


1. A company shall not impose or collect a fee or charge which is not authorized by this section.
2. An agreement may provide for a charge for any late payment of an installment of not less than $1 and not more than 5 percent of the installment.
3. A company may collect a fee of not more than $15 for each check returned to the company because the insured had insufficient money or credit with the drawee to pay the check or because the insured stopped payment on the check.
4. An agreement may provide for payment of collection costs or attorney’s fees, equal to 20 percent of the outstanding indebtedness if the agreement is referred for collection to a collection agency or attorney who is not an employee of the company.
(Added to NRS by 1985, 1156; A 1993, 2395)

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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.