Premium Tax Desk Audit FAQs
Pursuant to legislative mandate Assembly Bill 6, Section 65 of the 2010 Special Session, the Nevada Division of Insurance is required to perform a premium tax audit of all authorized insurance companies. The audit approach will use a desk audit methodology for a premium tax collection period of 2003 through 2009. Premium Tax Desk Audit FAQs
New Surplus Lines Insurers are no longer required to submit filings or pay a fee to the Division of Insurance. Surplus Lines--Eligible Unauthorized Insurers.
The NAIC Quarterly Listing of Alien Insurers is now available online. Pursuant to the federal Nonadmitted and Reinsurance Reform Act of 2010, all alien insurers on the Quarterly Listing are automatically eligible to write nonadmitted insurance in Nevada.
Standard Form to Document Consent to Towing
On September 14, 2012, the Commissioner of Insurance adopted by regulation a standard consent form to document the permission of the vehicle owner or the owner’s authorized representative to an insurer’s towing of a motor vehicle in certain circumstances. Insurers are required to obtain and document the consent of the vehicle owner or owner’s authorized representative, prior to the towing of the vehicle, as provided in the new laws pursuant to NRS 706.4481 and NRS 690B.037. Insurers must either use the standard consent form adopted by the Commissioner or file with the Commissioner for approval a form with substantially the same content.