NAC485.180. Discontinuance by insurer of practice of issuing and renewing motor vehicle liability policies.

     1. If an insurer decides that it will discontinue the practice of issuing and renewing motor vehicle liability policies within this State, the insurer shall, within 30 days after making such a decision:

     (a) Notify the Department of that decision on a form provided by the Department; and

     (b) Submit to the Department a record which contains the date of expiration of each motor vehicle liability policy that the insurer has issued for a vehicle that is registered in this State.

     2. If the insurer fails to submit a record required pursuant to subsection 1, the Department will:

     (a) Deem the date of expiration of each such motor vehicle liability policy to be 30 days after the date of the notice provided pursuant to subsection 1; and

     (b) Notify the Commissioner of Insurance that the insurer failed to comply with this section.

     (Added to NAC by Dep’t of Motor Veh. & Pub. Safety by R176-97, eff. 6-4-98; A by Dep’t of Motor Veh. by R171-09, 4-20-2010)