Nev. Admin. Code § 679B.725

Current through February 27, 2024
Section 679B.725 - Basis for adverse underwriting decision
1. Except as otherwise provided in subsection 2, no insurance institution or agent may base an adverse underwriting decision in whole or in part on:
(a) A previous adverse underwriting decision;
(b) Insurance coverage previously obtained by a natural person through a residual market mechanism; or
(c) Personal information received from an insurance-support organization whose primary source of information is insurance institutions.
2. An insurance institution or agent may base an adverse underwriting decision on additional:
(a) Information obtained from an insurance institution or agent responsible for the previous adverse underwriting decision; or
(b) Personal information received from the insurance-support organization.

Nev. Admin. Code § 679B.725

Added to NAC by Comm'r of Insurance, 10-4-88, eff. 1-1-89

NRS 679B.130