691C.220 - “Reverse competition” defined. - Nevada Statutes

691C.220  “Reverse competition” defined.  “Reverse competition” means competition among insurers that regularly takes the form of insurers competing for the favor of a person who controls or may control the placement of insurance with insurers that tends to increase insurance premiums or prevents a decrease in insurance premiums in order to give greater compensation to a person who controls or may control the placement of insurance with insurers.

      (Added to NRS by 2005, 2107)