Nevada § 683A.0883 Basis for compensation of administrator

Nevada Statutes

§ 683A.0883 — Basis for compensation of administrator

Nevada § 683A.0883

Title 57INSURANCE

Ch. 683APersons

ADMINISTRATORS

This text of Nevada § 683A.0883 (Basis for compensation of administrator) 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. § 683A.0883 (2026).

Text

1. The compensation paid to an administrator for his or her services may be based upon premiums or charges collected, on number of claims paid or processed or on any other basis agreed upon by the administrator and the insurer, except as provided in subsection 2. 2. Compensation paid to an administrator may not be based upon or contingent upon:

(a)The claim experience of the policies that he or she handles; or

(b)The savings realized by the administrator by adjusting, settling or paying the losses covered by an insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

1. The compensation paid to an administrator for his or her services may be based upon premiums or charges collected, on number of claims paid or processed or on any other basis agreed upon by the administrator and the insurer, except as provided in subsection 2.
2. Compensation paid to an administrator may not be based upon or contingent upon:
(a) The claim experience of the policies that he or she handles; or
(b) The savings realized by the administrator by adjusting, settling or paying the losses covered by an insurer.