Nevada Administrative Code (Last Updated: January 6, 2015)

NAC690B.405. Increase in premiums based upon claims: Notification; request for explanation.

Latest version.

1. No insurer may issue any homeowner’s insurance policy without delivering to the named insured a notice explaining the manner in which the insurer’s rating plan provides for an increase in premium based upon claims.

2. Each insurer shall, at least 30 days before the expiration of a homeowner’s insurance policy, advise the named insured of the right to request the reasons for any increase in premium for the ensuing policy period.

(Added to NAC by Comm’r of Insurance by R024-04, eff. 7-26-2004)

                    
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