Nev. Admin. Code § 690C.100 - Submission and approval of contract; fees
1. A
provider shall not issue, sell or offer for sale a service contract in this
State unless the service contract has been:
(a) Filed with the Commissioner in accordance
with the System for Electronic Rate and Form Filing developed and implemented
by the National Association of Insurance Commissioners or its successor
organization; and
(b) Approved by
the Commissioner.
2. A
provider who files a service contract with the Commissioner for approval
pursuant to subsection 1 must also file with the service contract:
(a) All documents that are part of the
application for the service contract;
(b) All documents that are part of the
service contract; and
(c) The
appropriate fee described in subsection 3.
3. The provider must pay the following fees
by using the Electronic Funds Transfer function within the System for
Electronic Rate and Form Filing:
(a)
Twenty-five dollars for:
(1) The initial
filing of all the forms that comprise a new service contract.
(2) The filing of a service contract that
modifies a service contract which has been approved by the Commissioner
pursuant to this section.
(b) Ten dollars for the filing of a rider or
endorsement to a service contract that has been approved by the Commissioner
pursuant to this section.
4. The Commissioner may approve or disapprove
a service contract filed pursuant to this section within 60 days after the date
on which the Commissioner determines that the provider has fully complied with
the requirements of subsection 2. If the Commissioner does not approve or
disapprove the service contract within the 60 days described in this
subsection, the service contract shall be deemed to be approved by the
Commissioner. Each service contract shall be deemed to be complete upon its
filing with the Commissioner, unless the Commissioner, within 15 business days
after the service contract is filed with him or her, determines that the
proposal is incomplete because the proposal does not comply with subsection
2.
Notes
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