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 Nevada Administrative Code (Last Updated: January 6, 2015)
 Chapter690C Service Contracts

  NAC690C.100. Submission and approval of contract; fees.  

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  •      1. A provider shall not issue, sell or offer for sale a service contract unless it has been approved by the Commissioner.

         2. A provider who submits a service contract to the Commissioner for approval must submit with the contract:

         (a) All documents that are part of the application for the service contract;

         (b) All documents that are part of the contract;

         (c) A form for assessing fees as described in NAC 680B.010; and

         (d) The appropriate fee described in subsection 3.

         3. The Commissioner will charge the following fees:

         (a) Twenty-five dollars for:

              (1) The initial filing of all the forms that comprise a new service contract.

              (2) The filing of a service contract that modifies a service contract which has been approved by the Commissioner pursuant to this section.

         (b) Ten dollars for the filing of a rider or endorsement to a service contract that has been approved by the Commissioner pursuant to this section.

         4. The Commissioner may approve or disapprove a service contract submitted pursuant to this section within 60 days after the date on which the Commissioner determines that the provider has fully complied with the requirements of subsection 2. If the Commissioner does not approve or disapprove the contract within the 60 days described in this subsection, the contract shall be deemed to be approved by the Commissioner. Each service contract shall be deemed to be complete upon its filing with the Commissioner, unless the Commissioner, within 15 business days after the service contract is filed with him or her, determines that the proposal is incomplete because the proposal does not comply with subsection 2.

     (Added to NAC by Comm’r of Insurance by R195-99, eff. 1-27-2000)

Notation

REVISER’S NOTE.

      The regulation of the Commissioner of Insurance filed with the Secretary of State on January 27, 2000 (LCB File No. R195-99), the source of NAC 690C.010 to 690C.120, inclusive (sections 2 to 9, inclusive, of the regulation), contains the following provision not included in NAC:

      “Sec. 10.  Any provider issuing or selling service contracts in this state on or before December 1, 1999, may continue to issue or sell service contracts until the earlier of:

      1.  May 1, 2000; or

      2.  The issuance of a certificate of registration to the provider and approval of the provider’s service contract pursuant to section 7 of this regulation [NAC 690C.100].”