NAC686A.570. Right to replace policy; knowledge of existing policy.

Latest version.

     1. The provisions of NAC 686A.510 to 686A.577, inclusive, are not intended to limit the right of a policyholder to replace existing policies.

     2. If an existing policy is to be replaced, an agent shall be deemed to have knowledge of the existence of such a policy, whether or not the policyholder indicates that there is a replacement, if the agent:

     (a) Replaces the policy more than once; or

     (b) Engages in a pattern of conduct which indicates a disregard for the existence of such a policy.

[Comm’r of Insurance, LH-3 § 18, eff. 1-4-80]—(NAC A 10-26-84)

                    
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