Important Information
WILDFIRE INFORMATION
Insurance Commissioner Scott J. Kipper urges residents affected by the Washoe Drive fire to contact the Nevada Division of Insurance (Division) at (775) 687-0700 or 888-872-3234, or email cscc@doi.state.nv.us, if they have questions about insurance or need assistance with insurance claims.
Washoe Drive Fire - Division's presentation at the Pleasant Valley School Meeting
Claims Hotline Numbers for Ten Largest Home Insurance Carrier Groups
CREATE A HOME INVENTORY
HIPAA Basic and Standard Plans: The new Basic and Standard Plan designs are effective July 1, 2011. Both plans must be ACA compliant effective September 23, 2010.
Extraordinary-Life-Event Exceptions to Insurers’ Use of Credit Now Available: Section 30 of Assembly Bill 74, enacted during the 2011 Nevada Legislative Session, came into effect on October 1, 2011. The new law requires a personal-lines insurer that uses a policyholder’s credit information to provide reasonable exceptions to such use if the policyholder has experienced certain extraordinary life events. For more information, please see pp. 15-16 of the Division’s Frequently Asked Questions about Credit-Based Insurance Scores.
Consent Form Pursuant to Senate Bill (SB) 142 (2011): SB 142 requires the Commissioner of Insurance to establish, by regulation, a standard consent form to document the permission of the vehicle owner or the owner's authorized representative to an insurer's towing of a motor vehicle in certain circumstances. The provisions of SB 142 went into effect on October 1, 2011. For the time period until the regulation is formally adopted, the Division has made available this uniform consent form for insurers to use at their discretion. Please note that SB 142 is currently effective, and insurers are required to obtain and document the consent of the vehicle owner or owner's authorized representative, prior to the towing of the vehicle, as provided in the new law.
Nevada Appeals Panel for Industrial Insurance
An employer, other than a self-insured employer, may request a hearing by the Appeals Panel for policyholder grievances involving premium disputes for industrial insurance.
Solvency: The Ultimate Consumer Protection
Lately, the Division of Insurance has been receiving numerous inquiries regarding rate approvals for health insurance policies.
These questions are important to ask, and, as public servants, we are happy to continue to be a valuable resource on this topic. But we would also like to take a moment here to shed some light on not just our recent review of rate approval requests, but the concept at the core of everything we do at the Division of Insurance: consumer protection.
Included in the Division's mission are our duties to protect the rights of Nevada insurance consumers and to ensure the financial solvency of insurers. What many people don't realize, however, is that these concepts go hand in hand.
When we approve rate adjustment requests, we take great care to make sure those rates are within the scope needed for that company to stay financially healthy, so it can continue to make good on its promises to consumers -- not just in the immediate future, but for years to come. Our highly skilled staff closely reviews all requests for rate changes so that companies will remain solvent and insurance will remain available and accessible for all Nevadans. We provide efficient and responsive regulation that encourages the competition necessary for consumers to have choices when shopping for all lines of insurance.
Currently we have more than 2,000 insurance companies licensed to do business in Nevada, and we are very proud of that fact. Insurance is an ever-evolving, growing and changing industry, and one about which we are very knowledgeable and passionate about. And we are always happy to share that knowledge and passion with you.
Carson City Office 1818 East College Parkway, Suite 103 Carson City, Nevada 89706 Ph: (775) 687-0700 Fax: (775) 687-0787
Las Vegas Office 2501 East Sahara Ave., Suite 302 Las Vegas, Nevada 89104 Ph: (702) 486-4009 Fax:(702) 486-4007
©2010 Nevada Division of Insurance