Section 686A.Sec. 3 - NEW1. An insurer may use a consumer credit report or insurance score in rating a policy if the information used for such a report or score was gathered, calculated, updated or recalculated, as appropriate, and any changes to the report or score occurred, before March 1, 2020, or after the date which is 2 years after the termination date of the Declaration of Emergency for COVID-19 issued by the Governor on March 12, 2020.2. Except as otherwise provided in subsection 3, an insurer is not required to update such information, reports or scores for changes that occurred on or after March 1, 2020, and on or before the date which is 2 years after the termination date of the Declaration of Emergency for COVID-19 issued by the Governor on March 12, 2020.3. If, pursuant to subsection 2 of NRS 686A.680, a policyholder or a policyholder's agent requests an insurer to reunderwrite and rerate the policyholder's policy based on a current consumer credit report or insurance score, the insurer may use a consumer credit report of the policyholder that is updated during the period described in subsection 2, or may recalculate the insurance score of the policyholder during the period described in subsection 2, if the updated consumer credit report or recalculation results in the policyholder paying a lower premium than the policyholder would have paid absent the updated consumer credit report or recalculation.4. If an insurer obtains an updated consumer credit report or recalculates the insurance score of the policyholder without a request from the policyholder or from the policyholder's agent pursuant to subsection 2 of NRS 686A.680, the insurer may use the consumer credit report of the policyholder that was updated during the period described in subsection 2, or may use the insurance score of the policyholder that was recalculated during the period described in subsection 2, if the updated consumer credit report or recalculation results in the policyholder paying a lower premium than the policyholder would have paid absent the updated consumer credit report or recalculation.Nev. Admin. Code § 686A.Sec. 3
Added to NAC by Comm'r of Insurance by R087-20A, eff. 12/18/2020NRS 679B.130, 679B.150, 686A.015, 686A.100, 686A.130 and 686A.680