Nev. Admin. Code § 687B.850 - Chargeable accidents: Restrictions on authority of insurer; filing and use of definition

1. An insurer shall not cancel, refuse to renew or increase the premium charge for the liability coverage under a policy of motor vehicle insurance upon renewal of the policy of motor vehicle insurance because of an accident that is not a chargeable accident.
2. Each insurer shall file with the Division its definition of a "chargeable accident" and shall use the filed definition. The insurer's definition of a "chargeable accident" may include only those accidents for which the insured is 50 percent or more at fault.
3. Each filing of a rate for a policy of motor vehicle insurance submitted to the Division must define a "chargeable accident" in terms of a monetary amount of damage.
4. An insurer may not define a claim made under the comprehensive portion of a policy of motor vehicle insurance as a chargeable accident in order to increase the premium for the policy or to cancel the policy, but the insurer may use a series of such claims to discontinue comprehensive coverage or to offer a higher deductible for comprehensive coverage upon the renewal of the policy.


Nev. Admin. Code § 687B.850
Added to NAC by Comm'r of Insurance by R100-06, eff. 12-7-2006

NRS 679B.130, 687B.385

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