Nevada § 686A.095 Cancellation or restriction of agent’s authority based solely on loss ratio experience prohibited in certain circumstances

Nevada Statutes

§ 686A.095 — Cancellation or restriction of agent’s authority based solely on loss ratio experience prohibited in certain circumstances

Nevada § 686A.095

Title 57INSURANCE

Ch. 686ATrade

GENERAL PROVISIONS

This text of Nevada § 686A.095 (Cancellation or restriction of agent’s authority based solely on loss ratio experience prohibited in certain circumstances) 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. § 686A.095 (2026).

Text

1.An insurer shall not, without the written consent of the agent, cancel a written agreement with an agent or reduce or restrict the agent’s authority to transact property or casualty insurance based solely on the loss ratio experience on insurance transacted by that agent, if the agent was required to submit the applications for that insurance for underwriting approval, all material information on those applications was fully completed and the agent did not omit or alter any information provided by the applicants for that insurance.

2.As used in this section, “loss ratio experience” means the amount of money received by the insurer in payment of premiums divided by the amount of money expended by the insurer in payment of claims for a specified period.

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1. An insurer shall not, without the written consent of the agent, cancel a written agreement with an agent or reduce or restrict the agent’s authority to transact property or casualty insurance based solely on the loss ratio experience on insurance transacted by that agent, if the agent was required to submit the applications for that insurance for underwriting approval, all material information on those applications was fully completed and the agent did not omit or alter any information provided by the applicants for that insurance.
2. As used in this section, “loss ratio experience” means the amount of money received by the insurer in payment of premiums divided by the amount of money expended by the insurer in payment of claims for a specified period.