NAC679B.565. “Adverse underwriting decision” defined.

     1. “Adverse underwriting decision” means any of the following actions involving insurance transactions with individually underwritten insurance coverage:

     (a) A declination of insurance coverage.

     (b) A termination of insurance coverage.

     (c) Failure by an agent to apply for insurance coverage with a specific insurance institution which the agent represents and which was requested by an applicant.

     (d) For property or casualty insurance coverage:

          (1) Placement by an insurance institution or agent of an insured person with a residual market mechanism, an unauthorized insurer as described in chapter 685B of NRS or an insurance institution that specializes in substandard risks; or

          (2) Charging a higher rate on the basis of information which differs from information obtained from the applicant or policyholder.

     (e) An offer to insure at higher than standard rates for life, health or disability insurance coverage.

     2. The following actions are not considered to be adverse underwriting decisions:

     (a) The termination of an individual policy form on a class or statewide basis.

     (b) A declination of insurance coverage solely because the coverage is not available on a class or statewide basis.

     (c) The rescission of a policy.

     (Added to NAC by Comm’r of Insurance, 10-4-88, eff. 1-1-89)