Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter686A Insurance: Trade Practices and Frauds |
USE OF CONSUMER CREDIT INFORMATION |
NAC686A.710. Consumer credit reports and insurance scores: Period of use.
-
1. For the purposes of subsection 6 of NRS 686A.680, if a company issues more than one policy under a line of business based on the same credit information and the policies have different effective dates, the 90-day period described in subsection 6 of NRS 686A.680 shall be deemed to apply to the policy with the earliest effective date.
2. If there is an addition or renewal of a policy under the line of business, the consumer credit report or insurance score used on the policy with the earliest effective date may be used at the addition or renewal of policies under the line of business provided that the credit information is not more than 36 months old.
(Added to NAC by Comm’r of Insurance by R111-04, eff. 5-24-2005)