NABIP | Nevada

Nevada

Charge fee in addition to or in lieu of collecting commissions?	Specific Disclosures or written agreements required to charge fees to a client?	Admin fees for insurance placement?	Charges for services unrelated to the placement of insurance?	Additional licensing required?
Producers may charge fees for consulting services and receive commissions related to the sale of life or health insurance or an annuity. Nev. Rev. Stat. § 686A.230.	Yes. A producer may charge a fee only under the terms of a written agreement specifying the fee to be charged. Nev. Rev. Stat. § 686A.230.	Yes, see fees in lieu of commissions		No

Damage Cap Amount	State Code
$350,000 cap for non-economic damages. No cap on economic damages.	Nevada Revised Statutes section 41A.035

Legislation	Effective Date	1332 Waiver	Funding Source	Program run by or to be run by (gov, insurers, others?)	Markets	Carrier participation - voluntary or mandatory?	Provider Participation	Provider reimbursement	Are there regional exclusions on provider payments?
Authorized under Senate Bill 420	Plans first available in 2026.	Not yet submitted	Establishment of the Public Option Trust Fund, funding appropriated by state legislature. Additional federal funding through 1115 and 1332 waivers.	Government (Medicaid)	Individual	Mandatory for Medicaid MCOs, but voluntary for other carriers. Medicaid MCOs must submit “good faith” bids to administer public option plans. Other carriers may submit bids as well.	Mandatory participation for some providers.	Provider rates in aggregate must be comparable to or better than Medicare rates, inclusive of add-on payments or subsidies; alternative approaches set for certain providers	The reimbursement rates for a federally qualified health center or a rural health clinic under the Nevada Public Option must be comparable to or better than the reimbursement rates established for patient encounters under the applicable Prospective Payment System established for Medicare