NRS 485.314

Insurer to maintain record of each contract of insurance and provide Department access to any such record; Department to notify Commissioner of Insurance of noncompliance or receipt of false, incomplete or misleading information

Known as the Motor Vehicle Insurance and Financial Responsibility Act

The act spans §§ 485–485 (74 sections).

(Added to NRS by 1993, 2483; A 1995, 2740; 1997, 1083; 2009, 2206)

1. Each insurer that has executed a contract of insurance for a motor vehicle liability policy which may be used to meet the requirements of NRS 485.185 shall maintain a record of each such policy in a format approved by the Department and provide the Department with access to the record.

2. The Department shall notify the Commissioner of Insurance if an insurer:

(a) Fails to comply with subsection 1; or

(b) In complying with subsection 1, provides to the Department information that is false, incomplete or misleading.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.