Amendment No. 904

 

Assembly Amendment to Senate Bill No. 319  Third Reprint                                               (BDR 57‑599)

Proposed by: Committee on Commerce and Labor

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:               Title:              Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend the bill as a whole by renumbering section 1 as sec. 1.5 and adding a new section designated section 1, following the enacting clause, to read as follows:

     “Section 1. NRS 680A.310 is hereby amended to read as follows:

     680A.310  NRS 680A.300 does not apply to any of the following:

     1.  Life insurance and annuities.

     2.  Health insurance.

     3.  Policies covering property in transit while in the possession or custody of any common carrier, or the rolling stock or other property of any common carrier employed by it in the operation and maintenance of its plant and business as a common carrier of freight or passengers, or both.

     4.  Reinsurance or retrocessions made by or for authorized insurers.

     5.  Bid bonds issued in connection with any public or private contract.

     6.  A policy issued to a risk retention group, as defined in NRS 695E.110, or to a member of a risk retention group.

     7.  A policy issued to a person who is not a resident of this state.”.

     Amend sec. 10, page 4, by deleting lines 7 and 8 and inserting:

     “(f) Any credit information that reflects extraordinary circumstances in the life of an applicant or policyholder, including, without limitation, divorce and catastrophic illness.”.

     Amend the title of the bill, first line, after “insurance;” by inserting:

“providing an exception to the counter-signature requirement for certain types of insurance;”.