summary
Introduced
02/04/2025
02/04/2025
In Committee
11/20/2024
11/20/2024
Crossed Over
Passed
Dead
04/12/2025
04/12/2025
Introduced Session
83rd Legislature (2025)
Bill Summary
AN ACT relating to insurance; making various changes to the Nevada Insurance Code; revising provisions governing examinations of insurers and other persons subject to regulation under the Code; revising certain powers and duties of the Commissioner of Insurance; revising various requirements and restrictions imposed on insurers and other persons subject to regulation under the Code; revising provisions relating to service contracts, providers of service contracts and administrators of service contracts; repealing provisions governing insurance for home protection; revising provisions relating to administrators; standardizing the definitions of certain words and terms; revising provisions relating to adjustors; revising provisions relating to certain trade practices and frauds; removing certain obsolete and duplicative provisions; transferring certain duties from the Commissioner of Financial Institutions to the Commissioner of Mortgage Lending; revising provisions relating to certain accounts and funds relevant to the regulation of certain insurers and insurance administration; designating certain employees of the Division of Insurance of the Department of Business and Industry as category II peace officers; providing penalties; and providing other matters properly relating thereto.
AI Summary
Here is a summary of the key provisions of this bill:
This bill revises numerous provisions of Nevada's insurance laws, with wide-ranging changes affecting health insurers, administrators, service contract providers, and various insurance-related practices. The bill makes substantial modifications to insurance regulation, including: expanding the Commissioner of Insurance's examination and market conduct surveillance powers; standardizing definitions across different types of insurance; revising requirements for administrators and service contract providers; updating provisions related to trade practices and frauds; strengthening protections against discrimination, particularly for victims of domestic violence; and modifying requirements for health insurance coverage in areas such as contraception, gender-affirming care, and biomarker testing. The bill also transfers some duties between regulatory bodies, eliminates certain obsolete provisions, and increases potential administrative penalties for violations. Additionally, the bill provides the Commissioner with more flexibility during emergencies, such as issuing temporary orders to address insurance policy matters, and designates certain insurance division employees as peace officers. The comprehensive nature of the bill aims to modernize and streamline Nevada's insurance regulatory framework, improve consumer protections, and align state insurance regulations more closely with national standards and model laws.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Commerce and Labor (Assembly)
Last Action
(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.) (on 04/12/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/11889/Overview |
| BillText | https://www.leg.state.nv.us/Session/83rd2025/Bills/AB/AB74.pdf |
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