Archives for June 2011

Our insurance company clients have asked the following question: “Where a first-party claim is involved, does the carrier have to immediately pay the claimant the amount at which the carrier values the claim?  Or can it in good faith refuse payment until the parties reach a resolution of the dispute as to value?”  The answer to that question always starts with a review of the regulations. Nevada Administrative Code 686A.675 reads as follows: 7.  Except for a claim involving health insurance, … [Read more...]