1. If the individual policy or group certificate is not delivered to the debtor at the time the debt is incurred or at such other time as the debtor purchases consumer credit insurance, a copy of the application or a notice of proposed insurance, signed by the debtor, must be delivered to the debtor. The application or notice of proposed insurance must include:
(a) The name and address of the home office of the insurer;
(b) The name of each debtor;
(c) The premium or amount of payment by the debtor for the insurance;
(d) The amount, term and a brief description of the coverage; and
(e) A statement that upon acceptance by the insurer, the insurance will become effective as described in NRS 690A.063.
2. The application or notice of insurance provided pursuant to subsection 1 must:
(a) Refer exclusively to consumer credit insurance; and
(b) Be separate from the loan, sale or other credit statement, instrument or agreement unless the information required pursuant to subsection 1 is prominently set forth in the statement, instrument or agreement.
3. The application or notice of insurance provided pursuant to subsection 1 may be used to meet the requirements of NRS 690A.073 and 690A.077 if it includes the information required by those sections.
(Added to NRS by 2005, 2141)
Structure Nevada Revised Statutes
Chapter 690A - Credit Insurance
NRS 690A.012 - "Compensation" defined.
NRS 690A.0135 - "Credit accident and health insurance" defined.
NRS 690A.015 - "Credit insurance" and "consumer credit insurance" defined.
NRS 690A.016 - "Credit life insurance" defined.
NRS 690A.0163 - "Credit transaction" defined.
NRS 690A.0167 - "Credit unemployment insurance" defined.
NRS 690A.017 - "Creditor" defined.
NRS 690A.018 - "Debtor" defined.
NRS 690A.0195 - "Gross debt" defined.
NRS 690A.0205 - "Identifiable charge" defined.
NRS 690A.0243 - "Net debt" defined.
NRS 690A.0247 - "Open-end credit" defined.
NRS 690A.045 - Amounts of credit life insurance.
NRS 690A.050 - Amounts of credit accident and health insurance or credit unemployment insurance.
NRS 690A.055 - Combinations of consumer credit insurance; prohibition or limitation by regulation.
NRS 690A.067 - Term and cancellation of consumer credit insurance.
NRS 690A.073 - Required disclosures.
NRS 690A.075 - Acceptance of insurance by insurer other than named insurer; nonacceptance.
NRS 690A.077 - Policies and certificates of insurance: Contents; delivery.
NRS 690A.087 - Adoption of forms by regulation; use of forms by insurer.
NRS 690A.095 - Filing of revised schedule of premium rates.
NRS 690A.107 - Limitation on amount charged for consumer credit insurance.
NRS 690A.130 - Claims: Reporting to insured; maintenance by insurer; settlement; payment.
NRS 690A.260 - Transfers to unauthorized insurer.
NRS 690A.273 - Authority for creditor as agent of insurer to carry out duty imposed on insurer.