Legislative findings and declarations; purposes.

Nev. Rev. Stat. § 679B.400
in effect
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1. The Legislature finds and declares that: (a) Stabilizing the cost of insurance is of vital concern to the residents of this state; and (b) It is necessary to establish a comprehensive system to collect, analyze and distribute information concerning the cost of insurance in order to stabilize that cost effectively. 2. The purposes of NRS 679B.400 to 679B.460 , inclusive, are to: (a) Promote the public welfare by studying the relationship of premiums and related income of insurers to costs and expenses of insurers; (b) Develop measures to stabilize prices for insurance while continuing to provide insurance of high quality to the residents of this state; (c) Permit and encourage competition between insurers on a sound financial basis to the fullest extent possible; (d) Establish a mechanism to ensure the provision of adequate insurance at reasonable rates to the residents of this state; and (e) Protect the rights of customers of insurance in this state.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-679B.htmlFetched: 10/4/2026
Nev. Rev. Stat. § 679B.400 — Legislative findings and declarations; purposes | Nevada Revised Statutes | Corpus