Nev. Admin. Code § 681B.590

Current through August 29, 2024
Section 681B.590 - Restrictions on disclosure of information
1. An insurer, health organization agent, broker or other person transacting insurance in this State shall not make, publish, disseminate, circulate or place before the general public, or directly or indirectly cause to be made, published, disseminated, circulated or placed before the general public:
(a) In a newspaper, magazine or other publication, notice, circular, pamphlet, letter or poster;
(b) Over any radio or television station, or other electronic medium; or
(c) In any advertisement, announcement or statement that contains an assertion, any representation or statement relating to the level of risk-based capital of an insurer or health organization
2. If any statement that is materially false or otherwise inappropriate with respect to a comparison regarding the total adjusted capital of an insurer or health organization, or if an inappropriate comparison of any other amount to the level of risk-based capital of the insurer or health organization is published in any written publication and the insurer surer or health organization presents proof satisfactory to the Commissioner of the falsity or inappropriateness of the statement or comparison, the insurer or health organization may publish an announcement in a written publication for the sole purpose of rebutting the materially false or inappropriate statement or comparison.

Nev. Admin. Code § 681B.590

Added to NAC by Comm'r of Insurance by R088-97, eff. 3-19-98; A by R132-13, eff. 10/1/2014

NRS 679B.130, 681B.290