1. All forms for a prepaid contract offered or sold in this state must contain:
(a) The names and addresses of the seller, buyer, beneficiary and trustee and of each performer;
(b) A clear and unambiguous statement of the services and property to be supplied and by whom;
(c) The purchase price of each item of supply or service and how payable;
(d) The date and place of execution;
(e) Other reasonable and appropriate provisions as prescribed by the Commissioner by regulation;
(f) The full percentage of the sales commission to be retained by the seller;
(g) The seller’s or his or her agent’s signature on the original contract and his or her identification by name and title on any duplicate copy of the contract given to the buyer;
(h) A provision in 14-point type or larger, stating in substance that the buyer is permitted to return the contract within 10 days after its delivery to the buyer and to have the full purchase price or amount paid thereon refunded if the buyer is not satisfied with it for any reason;
(i) In print on its face sheet, in 14-point type or larger, a notice stating, "This is not an insurance contract."; and
(j) A provision for the return of the net purchase price at any time before the services are performed by the seller.
2. The written contract, when signed, constitutes the entire agreement between the parties relative to its subject matter.
3. If the buyer, pursuant to the provision required by paragraph (h) of subsection 1, returns the contract to the seller at the branch or home office of the seller or to the agent through whom it was purchased, the contract is void from the beginning and the parties return to the same position they occupied before the contract was entered into.
(Added to NRS by 1971, 1397; A 1987, 1265)
Structure Nevada Revised Statutes
Chapter 689 - Funeral and Burial Services
NRS 689.035 - "Agent" defined.
NRS 689.045 - "Buyer" defined.
NRS 689.065 - "Net purchase price" defined.
NRS 689.105 - "Purchase price" defined.
NRS 689.115 - "Sales commission" defined.
NRS 689.125 - "Seller" defined.
NRS 689.135 - "Trust fund" defined.
NRS 689.137 - "Trust liability" defined.
NRS 689.145 - "Trustee" defined.
NRS 689.155 - Unlawful acts; exception.
NRS 689.160 - Applicability of other provisions to agents and sellers.
NRS 689.175 - Certificate of authority: Application and supporting documents; fees.
NRS 689.195 - Certificate of authority: Issuance; denial.
NRS 689.205 - Certificate of authority: Expiration; renewal; fees for renewal.
NRS 689.215 - Certificate of authority: Revocation; suspension.
NRS 689.245 - Agent’s license: Issuance; denial.
NRS 689.265 - Agent’s license: Revocation; suspension.
NRS 689.275 - Prepaid contracts: Content; entire agreement; rescission.
NRS 689.285 - Prepaid contracts: Filing, approval and disapproval of forms; waiting period.
NRS 689.295 - Prepaid contracts: Credit life insurance.
NRS 689.305 - Prepaid contracts: Maximum sales commission.
NRS 689.315 - Prepaid contracts: Maintenance and administration of trust fund; exception.
NRS 689.375 - Records of seller; examination by Commissioner.
NRS 689.455 - "Burial merchandise" defined.
NRS 689.460 - "Burial services" defined.
NRS 689.465 - "Cemetery authority" defined.
NRS 689.470 - "Performer" defined.
NRS 689.475 - "Prepaid contract" defined.
NRS 689.480 - Unlawful acts; exception.
NRS 689.490 - Permit: Application and supporting documents; fees.
NRS 689.495 - Permit: Surety bond or deposit required; replacement bond; release of deposit; waiver.
NRS 689.500 - Permit: Issuance; denial.
NRS 689.505 - Permit: Period of validity; renewal; fees for renewal; expiration.
NRS 689.510 - Permit: Revocation; suspension.
NRS 689.525 - Agent’s license: Issuance; denial.
NRS 689.535 - Agent’s license: Revocation; suspension.
NRS 689.540 - Prepaid contracts: Content; entire agreement; rescission.
NRS 689.545 - Prepaid contracts: Filing and approval and disapproval of forms; waiting period.
NRS 689.550 - Prepaid contracts: Credit life insurance.
NRS 689.555 - Prepaid contracts: Maximum sales commission.
NRS 689.560 - Prepaid contracts: Maintenance and administration of trust fund; exception.
NRS 689.570 - Prepaid contracts: Distributions from corpus of trust fund.
NRS 689.585 - Records of seller; examination by Commissioner.
NRS 689.595 - Applicability of other provisions to agents and sellers.
NRS 689.700 - Money in trust fund exempt from attachment and other process in absence of fraud.