AB 466 — Revises certain notice requirements imposed on an insurer who issues a policy of portable electronics insurance. (BDR 57-797)

A.B.Assembly Bill No.

466466–Assemblymember AKasama SSEMBLYCHAPTER.......... B ILLN O.

466–ASSEMBLYMEMBER K ASAMA M ARCH 17, 2025 ____________ Referred to Committee on Commerce and Labor SUMMARY—Revises certain notice requirements imposed on an insurer who issues a policy of portable electronics insurance.

(BDR 57-797) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

No.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

Existing law requires an insurer who issues a policy of portable electronics insurance to provide certain notices that are required to be provided to an enrolled customer, vendor or other policyholder to be:

or (2) sent by electronic mail or other electronic means in accordance with regulations adopted by theto Commissionercease ofdelivering Insurance.any notice or other document by electronic means, and to use an alternative delivery method, if the insurer:

(NRS(1) 691D.330)attempts Existing law requires any insurer to ceasedeliver deliveringa any notice or other document by electronic means, and to use an document by electronic means and has a reasonable basis to believe that the noticethernotice or other document was not received by the party;

(NRS 680A.560) This bill eliminates the requirement that an insurer who issues a policy of portable electronics insurance and who sends certain notices by electronic mail or other electronic means do so in accordance with regulations adopted by the theCommissioner. circumstances under which an insurer is required to cease delivering a notice or document by electronic means applies to an insurer who issues a policy of portable electronics insurance.

-This *AB466*bill –additionally 2specifies –that THEthe PEOPLErequirements OFsetting THEforth STATEthe OFcircumstances NEVADA,under REPRESENTEDwhich INan SENATEinsurer ANDis ASSEMBLY,required DOto ENACTcease ASdelivering FOLLOWS:a notice or document by electronic means applies to an insurer who issues a policy of portable electronics insurance.

EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

2.- 83rd Session (2025) – 2 – portable electronics insurance, the insurer shall, not less than 30 days before the effective date of the change, provide:

If the insurer changes a term or condition of a policy of portable electronics insurance, the insurer shall, not less than 30 days before the effective date of the change, provide:

An insurer may terminate an enrolled customer’s coverage under a vendor’s policy of portable electronics insurance upon the discovery of fraud or material misrepresentation by the enrolled customer in obtaining the coverage or in presenting a claim thereunder if the insurer provides notice of the termination to the vendor and the enrolled customer within 10 days after discovery ofeof thethe4.rauAn fraudinsurer ormay materialimmediately misrepresentation.terminate an enrolled customer’s coverage under a vendor’s policy of portable electronics insurance if the enrolled customer:

4.

An insurer may immediately terminate an enrolled customer’s coverage under a vendor’s policy of portable electronics insurance if the enrolled customer:

If the insurer fails to provide timely notice as required by this paragraph, the enrolled customer’s coverage under the policy continues until the insurer provides notice - *AB466* – 3 – of termination to the enrolled customer notwithstanding the exhaustion of the aggregate limit of liability.

A vendor or other holder of a group policy of portable electronics insurance shall not terminate the policy unless, not less than 30 days before the effective date of the termination, the insurer provides notice to each enrolled customer of the termination of thetherer policy and the effective date of termination.

(a) Mailed or delivered to the enrolled customer, vendor or other policyholder at his or her last known address;

orer, vendor or other- (b)83rd [Sent]Session Except(2025) as– otherwise3 provided– in NRS 680A.560, sent by electronic mail or other electronic means [in accordance with regulations adopted by the Commissioner] to the enrolled customer, vendor or other policyholder at the electronic mail address of the enrolled customer, vendor or other policyholder last known by the insurer.

H~~~~~ 25 - *AB466*83rd Session (2025)