Nevada § 690B.330 Required reduction in premium for implementation of qualified risk management system; regulations; applicability

Nevada Statutes

§ 690B.330 — Required reduction in premium for implementation of qualified risk management system; regulations; applicability

Nevada § 690B.330

Title 57INSURANCE

Ch. 690BCasualty

MEDICAL MALPRACTICE

This text of Nevada § 690B.330 (Required reduction in premium for implementation of qualified risk management system; 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. § 690B.330 (2026).

Text

1. In each rating plan of an insurer that issues a policy of professional liability insurance to a practitioner licensed pursuant to chapter 630 or 633 of NRS, the insurer shall provide for a reduction in the premium for the policy if the practitioner implements a qualified risk management system. The amount of the reduction in the premium must be determined by the Commissioner in accordance with the applicable standards for rates established in NRS 686B.010 to 686B.1799 , inclusive. 2. A qualified risk management system must comply with all requirements established by the Commissioner. 3. The Commissioner shall adopt regulations to:

(a)Establish the requirements for a qualified risk management system; and

(b)Carry out the provisions of this section. 4. The provisions of this section app

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1. In each rating plan of an insurer that issues a policy of professional liability insurance to a practitioner licensed pursuant to chapter 630 or 633 of NRS, the insurer shall provide for a reduction in the premium for the policy if the practitioner implements a qualified risk management system. The amount of the reduction in the premium must be determined by the Commissioner in accordance with the applicable standards for rates established in NRS 686B.010 to 686B.1799 , inclusive.
2. A qualified risk management system must comply with all requirements established by the Commissioner.
3. The Commissioner shall adopt regulations to:
(a) Establish the requirements for a qualified risk management system; and
(b) Carry out the provisions of this section.
4. The provisions of this section apply to all rating plans which an insurer that issues a policy of professional liability insurance to a practitioner licensed pursuant to chapter 630 or 633 of NRS files with the Commissioner on and after the effective date of the regulations adopted by the Commissioner pursuant to this section.