NAC Chapter 680B — Insurance: Fees and Taxes

NAC 680B.020 Forms for a new policy.

In submitting the forms for a new policy, an insurer may, for a single filing fee, include any number of filings of rates and of forms for riders and endorsements which are necessary to carry out a complete program for the sale of the policy.

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance, eff. 1-19-84)

NAC 680B.030 Submitting several types of forms; form for waiver or other amendment.

1. In submitting under one letter of transmittal several types of forms which amend previously approved policies, an insurer must pay the appropriate filing fee for each type of form.

2. For the purpose of assessing a filing fee, the form for a waiver or other amendment to a policy is equivalent to a rider or endorsement.

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance, eff. 1-19-84)

NAC 680B.040 Filing of rates.

1. In submitting the rates for a policy previously approved by the Commissioner, an insurer may include any number of changes to the rates and to the classifications and rules for the rates for a single filing fee.

2. For the purpose of assessing a filing fee:

(a) An application which is submitted to the Commissioner pursuant to NAC 686B.520 for consent to charge an insured a different rate for a specific risk than the rate previously approved by the Commissioner constitutes the filing of a rate.

(b) Any filing with the Commissioner of schedules of premiums, dues, fees or other charges pursuant to chapter 686B, 690A, 695B or 695C of NRS is a filing of rates.

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance, eff. 1-19-84; A 12-15-94; R120-07, 1-30-2008)

NAC 680B.050 Filing to conform to new law.

An insurer may file any number of forms for a single filing fee in order to comply with a new law requiring changes in coverage if the forms are so identified in the letter of transmittal that accompanies the submission.

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance, eff. 1-19-84)

NAC 680B.070 Submission in response to request by Commissioner.

A broker, insurer or group of insurers which submits information to the Commissioner in response to a specific request by the Commissioner will not be charged a filing fee even if the information is in the form of a policy, rate or rider, an endorsement or other amendment to a policy, or an affidavit of surplus lines insurance or a memorandum of open lines insurance, if the submission is identified in the letter of transmittal as being made in response to the Commissioner’s request.

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance, eff. 1-19-84)

NAC 680B.090 Resubmission of disapproved form; fees not refundable; credit for overpayment.

1. If the Commissioner disapproves a form which has been filed by an insurer, any resubmission of that form must be accompanied by the appropriate fee.

2. A fee which is paid to the Commissioner when a form is filed is not refundable except that the Commissioner will give an insurer credit against fees assessed in subsequent filings if it has paid fees in excess of those required by law.

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance, eff. 1-19-84)