Nevada § 681B.250 Liability of qualified actuary; disciplinary action; regulations; applicability

Nevada Statutes

§ 681B.250 — Liability of qualified actuary; disciplinary action; regulations; applicability

Nevada § 681B.250

Title 57INSURANCE

Ch. 681BAssets

Opinion of Qualified Actuary

This text of Nevada § 681B.250 (Liability of qualified actuary; disciplinary action; regulations; applicability) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 681B.250 (2026).

Text

1.Except in a case of fraud or willful misconduct, a qualified actuary who is appointed by an insurer to issue an opinion pursuant to this chapter or any regulation adopted pursuant thereto is not liable for damages to any person other than an affected insurer or the Commissioner for any act, error, omission, decision or conduct with respect to the actuary’s opinion.

2.Disciplinary action by the Commissioner against an actuary must be prescribed by regulation by the Commissioner.

3.Except as otherwise provided in NRS 681B.310 , the provisions of this section apply only before the operative date of the Valuation Manual .

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1. Except in a case of fraud or willful misconduct, a qualified actuary who is appointed by an insurer to issue an opinion pursuant to this chapter or any regulation adopted pursuant thereto is not liable for damages to any person other than an affected insurer or the Commissioner for any act, error, omission, decision or conduct with respect to the actuary’s opinion.
2. Disciplinary action by the Commissioner against an actuary must be prescribed by regulation by the Commissioner.
3. Except as otherwise provided in NRS 681B.310 , the provisions of this section apply only before the operative date of the Valuation Manual .