Renewal of converted policy: Request for information on sources of other benefits; grounds for refusal to renew; notice concerning cancellation of other coverage.
1. A converted policy issued under NRS 689B.120 may include a provision permitting the insurer to request from the insured, in advance of any premium due date, information as to whether he is covered for similar benefits under any of the sources listed in NRS 689B.140.
2. The insurer may not refuse to renew the policy or the coverage of any person insured under it unless:
(a) Benefits provided under the sources listed in subsection 1 of NRS 689B.140, together with the benefits provided by the converted policy, would result in overinsurance according to the insurer’s standards;
(b) The holder of the converted policy has refused to provide requested information as to such sources; or
(c) Fraud was committed in applying for any benefits under the converted policy.
3. Before refusing to renew a converted policy because of overinsurance, the insurer shall notify the insured that the converted policy will be renewed only if the other coverage is cancelled.
Last modified: February 27, 2006