USA Statutes : nevada
Title : Title 57 - INSURANCE
Chapter : CHAPTER 680B - FEES AND TAXES
The Commissioner shall collect in advance and
receipt for, and persons so served must pay to the Commissioner, fees and
miscellaneous charges as follows:
1. Insurer’s certificate of authority:
(a) Filing initial
application................................................................
....................... $2,450
(b) Issuance of certificate:
(1) For any one kind of insurance as defined in NRS 681A.010
to 681A.080 , inclusive 283
(2) For two or more kinds of insurance as so
defined........................................ 578
(3) For a
reinsurer..................................................................
................................ 2,450
(c) Each annual continuation of a
certificate...........................................................
2,450
(d) Reinstatement pursuant to NRS 680A.180 , 50 percent of the annual continuation fee
otherwise required.
(e) Registration of additional title pursuant to NRS 680A.240
.................................. 50
(f) Annual renewal of the registration of additional title pursuant
to NRS 680A.240 25
2. Charter documents, other than those filed with an application
for a certificate of authority. Filing amendments to articles of
incorporation, charter, bylaws, power of attorney and other constituent
documents of the insurer, each document $10
3. Annual statement or report. For filing annual statement or
report.................... $25
4. Service of process:
(a) Filing of power of
attorney...................................................................
..................... $5
(b) Acceptance of service of
process....................................................................
....... 30
5. Licenses, appointments and renewals for producers of insurance:
(a) Application and
license....................................................................
..................... $125
(b) Appointment fee for each
insurer....................................................................
........ 15
(c) Triennial renewal of each
license....................................................................
....... 125
(d) Temporary
license....................................................................
.................................. 10
(e) Modification of an existing
license....................................................................
...... 50
6. Surplus lines brokers:
(a) Application and
license....................................................................
..................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
7. Managing general agents’ licenses, appointments and renewals:
(a) Application and
license....................................................................
..................... $125
(b) Appointment fee for each
insurer....................................................................
........ 15
(c) Triennial renewal of each
license....................................................................
....... 125
8. Adjusters’ licenses and renewals:
(a) Independent and public adjusters:
(1) Application and
license....................................................................
............... $125
(2) Triennial renewal of each
license....................................................................
. 125
(b) Associate adjusters:
(1) Application and
license....................................................................
................. 125
(2) Triennial renewal of each
license....................................................................
. 125
9. Licenses and renewals for appraisers of physical damage to
motor vehicles:
(a) Application and
license....................................................................
..................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
10. Additional title and property insurers pursuant to NRS
680A.240 :
(a) Original
registration...............................................................
................................... $50
(b) Annual
renewal....................................................................
....................................... 25
11. Insurance vending machines:
(a) Application and license, for each
machine......................................................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
12. Permit for solicitation for securities:
(a) Application for
permit.....................................................................
....................... $100
(b) Extension of
permit.....................................................................
................................ 50
13. Securities salesmen for domestic insurers:
(a) Application and
license....................................................................
....................... $25
(b) Annual renewal of
license....................................................................
..................... 15
14. Rating organizations:
(a) Application and
license....................................................................
..................... $500
(b) Annual
renewal....................................................................
..................................... 500
15. Certificates and renewals for administrators licensed pursuant
to chapter 683A of NRS:
(a) Application and certificate of
registration..........................................................
$125
(b) Triennial
renewal....................................................................
.................................. 125
16. For copies of the insurance laws of Nevada, a fee which is not
less than the cost of producing the copies.
17. Certified copies of certificates of authority and licenses
issued pursuant to the Code $10
18. For copies and amendments of documents on file in the
Division, a reasonable charge fixed by the Commissioner, including
charges for duplicating or amending the forms and for certifying the
copies and affixing the official seal.
19. Letter of clearance for a producer of insurance or other
licensee if requested by someone other than the licensee $10
20. Certificate of status as a producer of insurance or other
licensee if requested by someone other than the licensee $10
21. Licenses, appointments and renewals for bail agents:
(a) Application and
license....................................................................
..................... $125
(b) Appointment for each surety
insurer....................................................................
.. 15
(c) Triennial renewal of each
license....................................................................
....... 125
22. Licenses and renewals for bail enforcement agents:
(a) Application and
license....................................................................
..................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
23. Licenses, appointments and renewals for general agents for
bail:
(a) Application and
license....................................................................
..................... $125
(b) Initial appointment by each
insurer....................................................................
..... 15
(c) Triennial renewal of each
license....................................................................
....... 125
24. Licenses and renewals for bail solicitors:
(a) Application and
license....................................................................
..................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
25. Licenses and renewals for title agents and escrow officers:
(a) Application and
license....................................................................
..................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
(c) Appointment fee for each title
insurer....................................................................
. 15
(d) Change in name or location of business or in
association.................................. 10
26. Certificate of authority and renewal for a seller of prepaid
funeral contracts $125
27. Licenses and renewals for agents for prepaid funeral contracts:
(a) Application and
license....................................................................
..................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
28. Licenses, appointments and renewals for agents for fraternal
benefit societies:
(a) Application and
license....................................................................
..................... $125
(b) Appointment for each
insurer....................................................................
.............. 15
(c) Triennial renewal of each
license....................................................................
....... 125
29. Reinsurance intermediary broker or manager:
(a) Application and
license....................................................................
..................... $125
(b) Triennial renewal of each
license....................................................................
....... 125
30. Agents for and sellers of prepaid burial contracts:
(a) Application and certificate or
license..................................................................
$125
(b) Triennial
renewal....................................................................
.................................. 125
31. Risk retention groups:
(a) Initial
registration...............................................................
..................................... $250
(b) Each annual continuation of a certificate of
registration................................... 250
32. Required filing of forms:
(a) For rates and
policies...................................................................
............................ $25
(b) For riders and
endorsements...............................................................
..................... 10
33. Viatical settlements:
(a) Provider of viatical settlements:
(1) Application and
license....................................................................
............ $1,000
(2) Annual
renewal....................................................................
............................ 1,000
(b) Broker of viatical settlements:
(1) Application and
license....................................................................
................. 500
(2) Annual
renewal....................................................................
............................... 500
(c) Registration of producer of insurance acting as a viatical
settlement broker. 250
34. Insurance consultants:
(a) Application and
license....................................................................
..................... $125
(b) Triennial
renewal....................................................................
.................................. 125
35. Licensee’s association with or appointment or sponsorship by
an organization:
(a) Initial appointment, association or sponsorship, for each
organization.......... $50
(b) Renewal of each association or
sponsorship........................................................ 50
(c) Annual renewal of
appointment................................................................
............... 15
36. Purchasing groups:
(a) Initial registration and review of an
application................................................. $100
(b) Each annual continuation of
registration.............................................................
100
(Added to NRS by 1971, 1592; A 1971, 1933; 1977, 733; 1979, 1156;
1981, 1796; 1983, 824; 1985, 1818; 1987, 457, 644, 1247, 2028; 1991,
1621, 2197; 1993, 608, 1906, 2381; 1995, 579; 1997, 3017, 3375; 1999,
2785 ; 2001, 2184 ; 2003, 3280 ; 2005, 2114 , 2117 )
1. Notwithstanding the provisions of any general or special law,
the possession of a license or certificate of authority issued under this
Code shall be authorization to transact such business as indicated in
such license or certificate of authority, and shall be in lieu of all
licenses, whether for regulation or revenue, required to transact
insurance business within the State of Nevada; but each city, town or
county may require a license for revenue purposes only for any insurance
agent, broker, analyst, adjuster or managing general agent whose
principal place of business is located within such city or town, or
within the county outside the cities and towns of the county,
respectively.
2. This section shall not be modified or repealed by any law of
general application enacted after January 1, 1972, unless expressly
referred to or expressly repealed therein.
(Added to NRS by 1971, 1594)
For the
purposes of NRS 680B.025 to 680B.039
, inclusive:
1. “Total income derived from direct premiums written”:
(a) Does not include premiums written or considerations received
from life insurance policies or annuity contracts issued in connection
with the funding of a pension, annuity or profit-sharing plan qualified
or exempt pursuant to sections 401, 403, 404, 408, 457 or 501 of the
United States Internal Revenue Code as renumbered from time to time.
(b) Does not include payments received by an insurer from the
Secretary of Health and Human Services pursuant to a contract entered
into pursuant to section 1876 of the Social Security Act, 42 U.S.C. §
1395mm.
(c) As to title insurance, consists of the total amount charged by
the company for the sale of policies of title insurance.
2. Money accepted by a life insurer pursuant to an agreement which
provides for an accumulation of money to purchase annuities at future
dates may be considered as “total income derived from direct premiums
written” either upon receipt or upon the actual application of the money
to the purchase of annuities, but any interest credited to money
accumulated while under the latter alternative must also be included in
“total income derived from direct premiums written,” and any money taxed
upon receipt, including any interest later credited thereto, is not
subject to taxation upon the purchase of annuities. Each life insurer
shall signify on its return covering premiums for the calendar year 1971
or for the first calendar year it transacts business in this State,
whichever is later, its election between those two alternatives.
Thereafter an insurer shall not change his election without the consent
of the Commissioner. Any such money taxed as “total income derived from
direct premiums written” is, in the event of withdrawal of the money
before its actual application to the purchase of annuities, eligible to
be included as “return premiums” pursuant to the provisions of NRS
680B.030 .
(Added to NRS by 1983, 712; A 1985, 1124; 1987, 1430; 1991, 2028;
1993, 2817; 1999, 817 )
1. Except as otherwise provided in NRS 680B.033 , 680B.0353 , 680B.050 and 690C.110 , for the privilege of transacting business
in this State, each insurer shall pay to the Department of Taxation a tax
upon his net direct premiums and net direct considerations written at the
rate of 3.5 percent.
2. The tax must be paid in the manner required by NRS 680B.030
and 680B.032 .
3. The Commissioner or the Executive Director of the Department of
Taxation may require at any time verified supplemental statements with
reference to any matter pertinent to the proper assessment of the tax.
(Added to NRS by 1983, 713; A 1985, 1639; 1987, 893; 1989, 1842;
1991, 2029; 1993, 1446, 1909; 1995, 486, 577, 2165; 1997, 299, 593; 1999,
405 , 1828 , 3341 ; 2001, 115 ; 2005, 2120 )
1. Each insurer and each formerly authorized insurer with respect
to insurance transacted while an authorized insurer and property bondsman
shall, on or before March 15 of each year, or within any reasonable
extension of time therefor which the Executive Director of the Department
of Taxation may for good cause have granted on or before that date, file
with the Department of Taxation a report in such form as prescribed by
the Executive Director of the Department of Taxation in cooperation with
the Commissioner, showing total income derived from direct premiums
written, including policy, membership and other fees and assessments, and
all other considerations for insurance, bail or annuity contracts written
during the next preceding calendar year on account of policies and
contracts covering property, subjects or risks located, resident or to be
performed in this State, with proper proportionate allocation of premiums
as to such persons, property, subjects or risks in this State insured
under policies and contracts covering persons, property, subjects or
risks located or resident in more than one state, after deducting from
the total income derived from direct premiums written:
(a) The amount of return premiums; and
(b) Dividends, savings and unabsorbed premium deposits returned to
policyholders in cash or credited to their accounts.
2. The report must be:
(a) Accompanied by a payment made payable to the Department of
Taxation in an amount equal to all of the tax required to be paid on net
direct premiums and net direct considerations written during the
preceding calendar year, less any quarterly payments made for the same
period pursuant to NRS 680B.032 ; and
(b) Verified by the oath or affirmation of the insurer’s president,
vice president, secretary, treasurer or manager.
(Added to NRS by 1971, 1594; A 1971, 1936; 1975, 463; 1983, 714;
1991, 2029; 1993, 1909; 1995, 469; 1997, 298, 299)
1. Each insurer which, pursuant to NRS 680B.027 , paid or is required to pay a tax of at
least $2,000 on net direct premiums and net direct considerations written
during the preceding calendar year, shall file a quarterly report in such
form as prescribed by the Executive Director of the Department of
Taxation. Each report must be accompanied by a payment made payable to
the Department of Taxation in an amount equal to the tax required to be
paid on net direct premiums and net direct considerations written during
the preceding calendar quarter. Each quarterly payment is due on the last
day of the last month in each calendar quarter and is payable on or
before the last day of the month next succeeding the calendar quarter for
which the payment is due.
2. If an overpayment of the tax imposed by NRS 680B.027 results from the payments made pursuant to
this section, the insurer shall apply the overpayment against each
succeeding quarterly payment due in the current calendar year until the
overpayment has been extinguished.
(Added to NRS by 1995, 467: A 1997, 298, 299)
Factory mutuals shall pay the tax imposed by NRS
680B.027 on all gross premiums upon
policies on risks located in this state in force on December 31 next
preceding, after deducting from the gross direct premiums dividends
written and returns to policyholders computed at the average rate on
annual policies expiring during the preceding year, whether actually paid
or applied in part payment of any renewal premiums.
(Added to NRS by 1983, 713; A 1991, 2030)
A domestic insurer doing business in a state in which it is
not licensed and to which it does not pay a premium tax, shall report and
pay the tax on that business to the State of Nevada as though that
business were transacted in this state.
(Added to NRS by 1983, 713)
Each risk retention group which is chartered in a
state other than this State and which is registered in this State
pursuant to NRS 695E.140 to 695E.200
, inclusive, shall pay the tax imposed
by NRS 680B.027 at a rate of 2
percent.
(Added to NRS by 2005, 2114 )
1. If an insurer includes any portion of the general premium tax
which the insurer is required to pay pursuant to NRS 680B.027 in the amount billed to its insureds for the
premium for insurance, the insurer shall provide with each notice of
renewal sent to its insureds a statement that a portion of the premium is
attributable to the general premium tax.
2. If an insurer includes any portion of any annual fees or
assessments that it is required to pay to the State of Nevada in the
amount billed to its insureds for the premium for insurance, the insurer
may provide with each notice of renewal sent to its insureds a statement
that a portion of the premium is attributable to the annual fees or
assessments that it is required to pay to the State of Nevada.
(Added to NRS by 1999, 816 )
Each insurer providing industrial insurance in
this state pursuant to chapters 616A to 617
, inclusive, of NRS is entitled to a credit
against the premium tax paid pursuant to NRS 680B.027 for its policies of industrial insurance in
an amount equal to the assessment paid by the insurer to the Division of
Industrial Relations of the Department of Business and Industry pursuant
to NRS 232.680 .
(Added to NRS by 1995, 2049)
Payment by an insurer of the tax imposed by NRS 680B.027 is in lieu of all taxes imposed by the State
or any city, town or county upon premiums or upon income of insurers and
of franchise, privilege or other taxes measured by income of the insurer.
(Added to NRS by 1983, 713)
Any insurer that
fails to file the report or pay the tax as required by NRS 680B.025
to 680B.039 , inclusive, within the time for filing and
payment as provided in those sections shall in addition to any other
applicable penalty pay a penalty of not more than 10 percent of the
amount of the tax which is owed, as determined by the Department of
Taxation, in addition to the tax, plus interest at the rate of 1.5
percent per month, or fraction of a month, from the date on which the tax
should have been paid until the date of payment.
(Added to NRS by 1983, 713; A 1993, 1910; 1995, 469; 1997, 299)
An insurer who holds a certificate of authority as a
reinsurer is exempt from the requirements of NRS 680B.025 to 680B.039 , inclusive.
(Added to NRS by 1987, 644; A 1995, 470; 1997, 299)
1. Every insured in this State who procures or causes to be
procured or continues or renews insurance in an unauthorized alien or
foreign insurer, or any self-insurer in this State who so procures or
continues excess loss, catastrophe or other insurance, upon a subject of
insurance resident, located or to be performed within this State, other
than insurance procured through a surplus line broker pursuant to chapter
685A of NRS or exempted from that chapter,
shall within 30 days after the date such insurance was so procured,
continued or renewed, file a written report with the Department of
Taxation on forms prescribed by the Executive Director of the Department
of Taxation in cooperation with the Commissioner and furnished to such an
insured upon request. The report must show:
(a) The name and address of the insured or insureds.
(b) The name and address of the insurer.
(c) The subject of the insurance.
(d) A general description of the coverage.
(e) The premium currently charged therefor.
(f) Such additional pertinent information as is reasonably
requested by the Commissioner or the Executive Director of the Department
of Taxation.
Ê If any such insurance covers also a subject of insurance resident,
located or to be performed outside of this State, for the purposes of
this section a proper pro rata portion of the entire premium payable for
all such insurance must be allocated as to the subjects of insurance
resident, located or to be performed in this State.
2. Any insurance in an unauthorized insurer procured through
negotiations or an application in whole or in part occurring or made
within or from within this State, or for which premiums in whole or in
part are remitted directly or indirectly from within this State, shall be
deemed to be insurance procured or continued or renewed in this State
within the intent of subsection 1.
3. For the general support of the government of this State there
is levied upon the obligation, chose in action or right represented by
the premium charged or payable for such insurance a tax at the rate
prescribed in NRS 680B.027 . The
insured shall withhold the amount of the tax from the amount of premium
charged by and otherwise payable to the insurer for such insurance, and
within 30 days after the insurance was so procured, continued or renewed,
and coincidentally with the filing of the report provided for in
subsection 1, the insured shall pay the amount of the tax to the State
Treasurer through the Department of Taxation.
4. If the insured fails to withhold from the premium the amount of
tax levied in this section, the insured is liable for the amount of the
tax and shall pay it to the Department of Taxation within the time stated
in subsection 3.
5. If the insured fails to pay the tax imposed by this section,
the insured shall in addition to any other applicable penalty pay a
penalty of not more than 10 percent of the amount of the tax which is
owed, as determined by the Department of Taxation, in addition to the
tax, plus interest at the rate of 1.5 percent per month, or fraction of a
month, from the date on which the tax should have been paid until the
date of payment.
6. The tax is collectible from the insured by civil action brought
by the Department of Taxation, and by the seizure, distraint and sale of
any property of the insured situated in this State.
7. This section does not abrogate or modify any other provision of
this Code.
8. This section does not apply to life or disability insurances.
9. The provisions of this section do not prohibit the procurement
of insurance from an unauthorized alien or foreign insurer by a person in
accordance with the requirements of subsection 9 of NRS 680A.070 .
10. The Department of Taxation shall report to the Commissioner
concerning independently procured insurance transactions reported to the
Department of Taxation pursuant to this section.
(Added to NRS by 1971, 1596; A 1985, 599; 1987, 899; 1991, 862;
1993, 1910)
1. Except as otherwise provided in this section, a domestic or
foreign insurer which owns and substantially occupies and uses any
building in this state as its home office or as a regional home office is
entitled to the following credits against the tax otherwise imposed by
NRS 680B.027 :
(a) An amount equal to 50 percent of the aggregate amount of the
tax as determined under NRS 680B.025
to 680B.039 , inclusive; and
(b) An amount equal to the full amount of ad valorem taxes paid by
the insurer during the calendar year next preceding the filing of the
report required by NRS 680B.030 , upon
the home office or regional home office together with the land, as
reasonably required for the convenient use of the office, upon which the
home office or regional home office is situated.
Ê These credits must not reduce the amount of tax payable to less than 20
percent of the tax otherwise payable by the insurer under NRS 680B.027
.
2. As used in this section, a “regional home office” means an
office of the insurer performing for an area covering two or more states,
with a minimum of 25 employees on its office staff, the supervision,
underwriting, issuing and servicing of the insurance business of the
insurer.
3. The insurer shall, on or before March 15 of each year, furnish
proof to the satisfaction of the Executive Director of the Department of
Taxation, on forms furnished by or acceptable to the Executive Director,
as to its entitlement to the tax reduction provided for in this section.
A determination of the Executive Director of the Department of Taxation
pursuant to this section is not binding upon the Commissioner for the
purposes of NRS 682A.240 .
4. An insurer is not entitled to the credits provided in this
section unless:
(a) The insurer owned the property upon which the reduction is
based for the entire year for which the reduction is claimed; and
(b) The insurer occupied at least 70 percent of the usable space in
the building to transact insurance or the insurer is a general or limited
partner and occupies 100 percent of its ownership interest in the
building.
5. If two or more insurers under common ownership or management
and control jointly own in equal interest, and jointly occupy and use
such a home office or regional home office in this state for the conduct
and administration of their respective insurance businesses as provided
in this section, each of the insurers is entitled to the credits provided
for by this section if otherwise qualified therefor under this section.
(Added to NRS by 1971, 1597; A 1971, 1937; 1983, 715; 1985, 1063;
1987, 1431; 1993, 1912; 1995, 470; 1997, 299; 1999, 768 , 1829 )
1. For the purposes of eligibility for the credit provided by NRS
680B.050 , if an insurer is a partner,
general or limited, in a limited partnership which owns a building used
by the insurer as its home office or a regional home office, the insurer
shall be deemed to own the building so used if:
(a) The insurer’s proportionate interest in the partnership is
equal to or greater than the proportion which the floor area of the
building or portion thereof so used bears to the total floor area of the
buildings on the contiguous real property owned by the partnership at the
location of the building so used; or
(b) The insurer’s interest in the partnership is 50 percent or more.
2. The ad valorem tax paid by the insurer shall be deemed to be
that proportion of the total ad valorem tax paid by the partnership upon
its contiguous real property at the location of the building which the
floor area of the building so used bears to the total floor area of the
buildings on the contiguous real property.
(Added to NRS by 1987, 1430)
1. The taxes imposed under NRS 680B.027 must be collected by the Department of
Taxation and promptly deposited with the State Treasurer for credit to
the State General Fund.
2. If the tax is not paid by the insurer on or before the date
required for payment, the tax then becomes delinquent, and payment
thereof may be enforced by court action instituted on behalf of the State
by the Attorney General. The Attorney General may employ additional
counsel in the city where the home office of the insurer is located,
subject to the approval of compensation for such services by the State
Board of Examiners. The administrative and substantive enforcement
provisions of chapters 360 and 372 of NRS apply to the enforcement of the taxes imposed
under NRS 680B.027 .
3. Upon the tax becoming delinquent, the Executive Director of the
Department of Taxation shall notify the Commissioner, who shall suspend
or revoke the insurer’s certificate of authority pursuant to NRS 680A.190
.
4. If a dispute arises between an insurer and the State as to the
amount of tax, if any, payable, the insurer is entitled to pay under
protest the tax in the amount assessed by the Department of Taxation,
without waiving or otherwise affecting any right of the insurer to
recover any amount determined, through appropriate legal action taken by
the insurer against the Department of Taxation, to have been in excess of
the amount of tax lawfully payable.
5. All taxes, fees, licenses, fines and charges collected under
this Code, including the general premium tax provided for under NRS
680B.027 and as increased in any
instances pursuant to NRS 680A.330 ,
must be promptly deposited with the State Treasurer for credit to the
State General Fund.
(Added to NRS by 1971, 1598; A 1983, 716; 1993, 1912; 1995, 2166;
1997, 1449; 1999, 444 , 1830 )
1. Each authorized insurer, fraternal benefit society, health
maintenance organization, organization for dental care, prepaid limited
health service organization and motor club shall on or before March 1 of
each year pay to the Commissioner a reasonable uniform amount, not to
exceed $30, as the Commissioner requires, to cover the assessment levied
upon this state in the same calendar year by the National Association of
Insurance Commissioners to defray:
(a) The general expenses of the Association; and
(b) Reasonable and necessary travel and related expenses incurred
by the Commissioner and members of his staff, without limitation as to
number, in attending meetings of the Association and its committees,
subcommittees, hearings and other official activities.
Ê The Commissioner shall give written notice of the required amount.
2. Expenses incurred for the purposes described in paragraphs (a)
and (b) of subsection 1 must be paid in full and are not subject to the
limitations expressed in NRS 281.160 or
in the regulations of any state agency.
3. All money received by the Commissioner pursuant to subsection 1
must be deposited in the State Treasury for credit to the National
Association Account of the Division of Insurance, which is hereby created
in the State General Fund. Except as otherwise provided in subsection 2,
all claims against the Account must be paid as other claims against the
State are paid.
(Added to NRS by 1971, 1598; A 1977, 810; 1979, 121; 1987, 460;
1991, 1625, 1818; 1993, 572, 573, 1913; 2003, 3283 )
1. Any person from whom fees, charges or taxes imposed by this
Code have been erroneously collected may apply for refund at any time
within 1 year after the date such fees, charges or taxes were originally
required to be paid or within 30 days after the date of payment of any
additional tax, charge or fee.
2. If the amount of taxes, charges or fees due are found to be
less than the amount paid, either by examination of the return or by
allowance of a claim for overpayment filed by the payer, then upon
presentation of proper vouchers, the State Controller shall issue his
warrants upon the appropriate fund and the State Treasurer shall pay them
out of the money credited to that fund.
3. Whenever such a refund is found to be due an insurer, the
Executive Director of the Department of Taxation, in lieu of preparing
the proper vouchers for a cash refund, may authorize the insurer to
credit the amount of the refund against the premium tax payable by it
under NRS 680B.027 in the next
following calendar year.
4. No cash refund may be made unless the amount to be so refunded
is $10 or more.
5. Claims for refund pursuant to this section must be submitted:
(a) In the case of refunds of taxes payable to the Department of
Taxation, to the Executive Director of the Department of Taxation.
(b) In the case of refunds of taxes, fees or charges payable to the
Commissioner, to the Commissioner.
(Added to NRS by 1971, 1600; A 1983, 717; 1993, 1913)
