1. Every title insurer and every title agent shall print and make available to the public the schedule of fees and charges filed with the Commissioner.
2. The schedule:
(a) Shall show to the public the total premium, for each type of policy regularly issued by the insurer, either by a statement of the particular charge for each type of policy in given amounts of coverage or by a statement of the charge per unit of the amount of coverage, or a combination of the two.
(b) May include a statement that additional charges are made when unusual conditions of title are encountered or when special or unusual risks are insured against and that additional charges are made for special services rendered in connection with the issuance of a policy, the handling of an escrow or the performance of other service.
(c) May provide different fees or changes for policies covering property in different counties, and for other services rendered in different counties, or separate schedules may be adopted for policies covering property in different counties, and for other services rendered in different counties.
3. Every title insurer and title agent shall file with the Commissioner the schedule of fees and charges and every modification thereof which it proposes to use. The filing shall state the effective date thereof which shall be not less than 30 days after the date of the filing. The Commissioner may by order suspend or modify the requirement of filing as to a specific service, the charges for which cannot practically be determined before the service is performed.
4. A title insurer may be a member or subscriber and use the services of a title insurance rating organization, and engage in joint underwriting and joint reinsurance of title insurance risks, in the same manner, with the same effect, and subject to the same applicable terms and conditions as provided with respect to property and casualty insurance under chapter 686B of NRS (rates and rating organizations).
(Added to NRS by 1977, 979)
Structure Nevada Revised Statutes
Chapter 692A - Title Insurance
NRS 692A.015 - "Abstract of title" defined.
NRS 692A.021 - "Applicant" defined.
NRS 692A.022 - "Business of title insurance" and "title insurance business" defined.
NRS 692A.023 - "Commitment to insure" and "preliminary report of title" defined.
NRS 692A.024 - "Escrow" defined.
NRS 692A.028 - "Escrow officer" defined.
NRS 692A.031 - "Net retained liability" defined.
NRS 692A.035 - "Policy of title insurance" and "title policy" defined.
NRS 692A.041 - "Premium" defined.
NRS 692A.050 - "Single risk" defined.
NRS 692A.060 - "Title agent" defined.
NRS 692A.070 - "Title insurer" defined.
NRS 692A.080 - "Title plant company" defined.
NRS 692A.105 - Disciplinary action against title agent or escrow officer or refusal to license.
NRS 692A.107 - Disciplinary action against title insurer or refusal to license.
NRS 692A.109 - Period to remedy deficit or unsafe condition; receivership.
NRS 692A.117 - Confidential records.
NRS 692A.150 - Reserve against unpaid losses and loss expenses.
NRS 692A.160 - Unearned premium reserve.
NRS 692A.200 - Division of rates and charges.