NRS 686B.1786 Large-deductible agreements: Applicability.
110 words·~1 min read·
/nv/chapter-686b-rates-and-essential-insurance/686b-1786·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 686B.1786 Large-deductible agreements: Applicability. This section and NRS 686B.17863 and 686B.17867 apply to any policy of industrial insurance which:
1. Is issued by an insurer which:
(a)Has a rating of less than “A-” from A.M. Best Company, Inc., or a substantially equivalent rating from another rating agency, as determined by the Commissioner; and
(b)Has less than $200,000,000 in surplus, with surplus calculated as the difference between the insurer’s net admitted assets and the insurer’s total liabilities;
2. Contains a large-deductible agreement;
3. Is not issued to a federal, state or local governmental entity; and
4. Is issued for delivery or renewed on or after January 1, 2018.