NV | The Nevada Division of Insurance has issued Bulletin 24-001.
This bulletin reminds all insurers that hold certificates of authority to do business in Nevada that decisions or actions impacting consumers that are made or supported by advanced analytical and computational technologies, including artificial intelligence (“AI”) systems, must comply with all applicable insurance laws and regulations. This includes those laws that address unfair trade practices and unfair discrimination. This bulletin sets forth the Division’s expectations as to how insurers will govern the development/acquisition and use of certain AI technologies. This bulletin also advises insurers of the type of information and documentation that the Division may request during an investigation or examination of any insurer regarding its use of such technologies and AI systems.