Provides for the establishment of the Fair Access to Insurance Requirements Plan. (BDR 57-103)

AB 437 establishes Nevada's Fair Access to Insurance Requirements (FAIR) Plan to provide property and commercial property insurance coverage for fire or similar risks when private insurers won't offer it. It directly affects all Nevada-based insurers selling property or commercial property insurance, requiring them to join the nonprofit FAIR Plan Association as a condition of doing business. The plan is managed by a Board of Directors (including insurer representatives, consumer advocates, and fire chiefs) that sets coverage rules, assesses fees, and ensures financial stability. Homeowners and businesses in areas where private insurance is unavailable will gain access to this backup coverage through the FAIR Plan.