Nev. Rev. Stat. » NRS: CHAPTER 679B - COMMISSIONER OF INSURANCE

Nev. Rev. Stat. § 679B.130

Regulations: Administration of Code and compliance with federal law relating to insurance; penalties for violation

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NRS 679B.130  Regulations: Administration of Code and compliance with federal law relating to insurance; penalties for violation.

      1.  The Commissioner may adopt reasonable regulations:

      (a) For the administration of any provision of this Code, NRS 287.04335 or chapters 616A to 617, inclusive, of NRS; or

      (b) As required to ensure compliance by the Commissioner with any federal law or regulation relating to insurance.

      2.  A person who willfully violates any regulation of the Commissioner is subject to such suspension or revocation of a certificate of authority or license, or administrative fine in lieu of such suspension or revocation, as may be applicable under this Code or chapter 616A, 616B, 616C, 616D or 617 of NRS for violation of the provision to which the regulation relates. No penalty applies to any act done or omitted in good faith in conformity with any such regulation, notwithstanding that the regulation may, after the act or omission, be amended, rescinded or determined by a judicial or other authority to be invalid for any reason.

      (Added to NRS by 1971, 1563; A 1977, 97; 1995, 2048; 2001, 2938; 2003, 3276)

     

Notes of Decisions
Cited in 1 case, 2000–2000 · leading case: State v. State Farm Mutual Automobile Insurance
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State v. State Farm Mutual Automobile Insurance (2000) nev · cites it 4× “230(2), to determine if it was enacted in accordance with the Division’s authority under NRS 679B.130. NRS 679B.130 provides in relevant part that “[a] regulation shall not extend, modify or conflict with any law of this state or the reasonable implications thereof.”
— Nev. Rev. Stat. § 679B.130(1) — 1 case
State v. State Farm Mutual Automobile Insurance (2000) nev “230(2), to determine if it was enacted in accordance with the Division’s authority under NRS 679B.130. NRS 679B.130 provides in relevant part that “[a] regulation shall not extend, modify or conflict with any law of this state or the reasonable implications thereof.”
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