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Current as of January 01, 2025 | Updated by Findlaw Staff
“Reverse competition” means competition among insurers that regularly takes the form of insurers competing for the favor of a person who controls or may control the placement of insurance with insurers that tends to increase insurance premiums or prevents a decrease in insurance premiums in order to give greater compensation to a person who controls or may control the placement of insurance with insurers.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 691C.220. “Reverse competition” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-691c-220/
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