NRS679B.450. Fee for administration and enforcement; cost of report; schedule of fees; Stabilization of Insurance Costs Account.  


Latest version.
  •       1.  Insurers required to file reports pursuant to NRS 679B.430 shall pay to the Division a reasonable fee established by the Commissioner of not more than $500 to cover the costs to the Division of the administration and enforcement of NRS 679B.400 to 679B.460, inclusive, including any expenses incident or associated with the requirements of those sections.

          2.  The cost of furnishing a report, unless furnished to a Legislator, must be paid by the party requesting the report.

          3.  The Commissioner may establish a schedule of fees for the purposes of this section.

          4.  The Stabilization of Insurance Costs Account is hereby created as an account in the Fund for Insurance Administration and Enforcement created by NRS 680C.100. All money received by the Commissioner pursuant to this section must be deposited in the State Treasury for credit to the Account and used to pay the costs of administration and enforcement of NRS 679B.400 to 679B.460, inclusive.

      (Added to NRS by 1989, 1228; A 1991, 1620; 1993, 1903; 2011, 980)