1.  The insurer of an osteopathic physician or physician assistant licensed under this chapter shall report to the Board:

Terms Used In Nevada Revised Statutes 633.526

  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • physician: means a person who engages in the practice of medicine, including osteopathy and homeopathy. See Nevada Revised Statutes 0.040
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Summons: Another word for subpoena used by the criminal justice system.

(a) Any action for malpractice against the osteopathic physician or physician assistant not later than 45 days after the osteopathic physician or physician assistant receives service of a summons and complaint for the action;

(b) Any claim for malpractice against the osteopathic physician or physician assistant that is submitted to arbitration or mediation not later than 45 days after the claim is submitted to arbitration or mediation; and

(c) Any settlement, award, judgment or other disposition of any action or claim described in paragraph (a) or (b) not later than 45 days after the settlement, award, judgment or other disposition.

2.  The Board shall report any failure to comply with subsection 1 by an insurer licensed in this State to the Division of Insurance of the Department of Business and Industry. If, after a hearing, the Division of Insurance determines that any such insurer failed to comply with the requirements of subsection 1, the Division may impose an administrative fine of not more than $10,000 against the insurer for each such failure to report. If the administrative fine is not paid when due, the fine must be recovered in a civil action brought by the Attorney General on behalf of the Division.