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NRS 683A.0883 - Basis for compensation of administrator.

NV Rev Stat § 683A.0883 (2019) (N/A)
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1. The compensation paid to an administrator for his or her services may be based upon premiums or charges collected, on number of claims paid or processed or on any other basis agreed upon by the administrator and the insurer, except as provided in subsection 2.

2. Compensation paid to an administrator may not be based upon or contingent upon:

(a) The claim experience of the policies that he or she handles; or

(b) The savings realized by the administrator by adjusting, settling or paying the losses covered by an insurer.

(Added to NRS by 1977, 731; A 1999, 2796)

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NRS 683A.088 - Payment of claims by check or draft.
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NRS 683A.0887 - Disclosure of information to insurer and insured.