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 - Nevada Statutes

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.

      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.

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