NAC690B.530. Disclosures regarding adverse underwriting decisions.

Latest version.

1. In addition to the applicable disclosures required pursuant to NRS 690B.270, 690B.280, 690B.300 and 690B.350, an insurer offering professional liability insurance to a practitioner licensed pursuant to chapters 630 to 640 of NRS, inclusive, shall provide the disclosures regarding adverse underwriting decisions required pursuant to NAC 679B.715.

2. If an insurer offering professional liability insurance to a practitioner licensed pursuant to chapter 630, 631, 632 or 633 of NRS makes a decision to charge the practitioner a rate or premium charge that is higher than the applicable base rates filed with the Commissioner, the insurer shall provide to the practitioner the disclosures regarding adverse underwriting decisions required pursuant to NAC 679B.715.

(Added to NAC by Comm’r of Insurance by R131-03, eff. 10-30-2003)

                    
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