NRS 686B.17867 Large-deductible agreements: Insurer in hazardous financial condition prohibited from issuing or renewing policy containing large-deductible agreement; exception.
76 words·~1 min read·
/nv/chapter-686b-rates-and-essential-insurance/686b-17867·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 686B.17867 Large-deductible agreements: Insurer in hazardous financial condition prohibited from issuing or renewing policy containing large-deductible agreement; exception. Except when otherwise specifically approved by the Commissioner in writing or by electronic communication, any insurer determined to be in a hazardous financial condition pursuant to NRS 680A.205 , or the equivalent provisions of law in any other state as determined by the Commissioner, is prohibited from issuing or renewing a policy that includes a large-deductible agreement.