Nevada § 686B.1786 Large-deductible agreements: Applicability

Nevada Statutes

§ 686B.1786 — Large-deductible agreements: Applicability

Nevada § 686B.1786

Title 57INSURANCE

Ch. 686BRates

Advisory Organization for Industrial Insurance

This text of Nevada § 686B.1786 (Large-deductible agreements: 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. § 686B.1786 (2026).

Text

This section and NRS 686B.17863 and 686B.17867 apply to any policy of industrial insurance which: 1. Is issued by an insurer which:

(a)Has a rating of less than “A-” from A.M. Best Company, Inc., or a substantially equivalent rating from another rating agency, as determined by the Commissioner; and

(b)Has less than $200,000,000 in surplus, with surplus calculated as the difference between the insurer’s net admitted assets and the insurer’s total liabilities; 2. Contains a large-deductible agreement; 3. Is not issued to a federal, state or local governmental entity; and 4. Is issued for delivery or renewed on or after January 1, 2018.

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This section and NRS 686B.17863 and 686B.17867 apply to any policy of industrial insurance which:
1. Is issued by an insurer which:
(a) Has a rating of less than “A-” from A.M. Best Company, Inc., or a substantially equivalent rating from another rating agency, as determined by the Commissioner; and
(b) Has less than $200,000,000 in surplus, with surplus calculated as the difference between the insurer’s net admitted assets and the insurer’s total liabilities;
2. Contains a large-deductible agreement;
3. Is not issued to a federal, state or local governmental entity; and
4. Is issued for delivery or renewed on or after January 1, 2018.