2010 Nevada Code
TITLE 57 INSURANCE
Chapter 686B Rates and Essential Insurance
NRS 686B.1781 Payment of dividends: Prohibition against discrimination; submission of plan for payments related to industrial insurance.
NRS 686B.1781 Payment of dividends: Prohibition against discrimination; submission of plan for payments related to industrial insurance.
1. An insurer shall not unfairly discriminate among its policyholders in paying a dividend, savings, unearned premium deposits or an equivalent abatement of premiums allowed or returned by an insurer for a policy of industrial insurance.
2. A plan for the payment of dividends for industrial insurance must be filed before there is a dividend payment. The plan shall be deemed approved unless the Commissioner disapproves the plan within 30 days after it is filed and received by the Commissioner. An insurer shall not condition the payment of a dividend upon the renewal of a policy or contract by the policyholder, member or subscriber.
3. An insurer paying savings, unearned premium deposits or an equivalent abatement for premiums allowed or returned for a policy of industrial insurance must receive prior approval.
(Added to NRS by 1995, 2053; A 2003, 3305)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
