The Nevada Insurance Rate Reduction and Reform Act, also known as Question 4, was an initiated constitutional amendment on the November 2, 2004 election ballot in Nevada, where it was defeated.
| Question 4 (Insurance Rate Reduction and Reform)|
|Yes|| 274,752|| 34.7%|
Official results via: Nevada Legislative Counsel Bureau - Research Division
Text of measure
The language that appeared on the ballot:
- Shall the Nevada Constitution be amended to add provisions governing insurance rates and practices in Nevada?
The language that appeared in the voter's guide:
- The proposed amendment, if passed, would create a new Article of the Nevada Constitution. The amendment requires that: premiums charged for casualty insurance be rolled back to the amount charged on December 1, 2005, and reduced an additional 20%; insurers justify future rate increases to ensure rates are maintained at fair levels; insurers be subject to all laws applicable generally to other Nevada businesses, including consumer protection and antitrust; motor vehicle insurers provide a 20% good driver discount; any statute in effect on December 1, 2006 which limits compensation provided by juries to victims of medical negligence by certain health care providers are void unless insurance companies lower malpractice premiums as a result of such limitations; the Governor appoint an Insurance Commissioner for oversight and regulation of the industry, and; one or more persons be appointed to represent the interests of the Nevada public related to insurance.