1. A contractual liability insurance policy issued in this state must provide that the issuer of the policy shall:
(a) Reimburse or pay on behalf of the provider any money the provider has a duty to pay under a service contract; or
(b) Otherwise provide for the performance of the duties of the provider under a service contract.
2. If a provider fails to perform his or her duties under a service contract within 60 days after receiving notice from the holder that the goods described in the contract are defective, the holder may apply to the issuer of the contractual liability insurance policy for performance of the duties of the provider under the service contract.
(Added to NRS by 1999, 3338)
Structure Nevada Revised Statutes
Chapter 690C - Service Contracts
NRS 690C.020 - "Administrator" defined.
NRS 690C.030 - "Consumer" defined.
NRS 690C.040 - "Contractual liability insurance policy" defined.
NRS 690C.045 - "Controlling person" defined.
NRS 690C.050 - "Goods" defined.
NRS 690C.060 - "Holder" defined.
NRS 690C.070 - "Provider" defined.
NRS 690C.080 - "Service contract" defined.
NRS 690C.100 - Applicability of chapter.
NRS 690C.110 - General tax on premiums not applicable.
NRS 690C.120 - Applicability of other provisions.
NRS 690C.150 - Required to issue, sell or offer for sale service contracts.
NRS 690C.155 - Determination of controlling person of provider.
NRS 690C.160 - Application; fees; period of validity; renewal.
NRS 690C.200 - Name of provider.
NRS 690C.215 - Transfer of liability without approval of Commissioner prohibited; exception.
NRS 690C.240 - Provider ceasing to do business: Notification; effect.
NRS 690C.270 - Cancellation: Grounds; effective date.
NRS 690C.310 - Retention of records by provider.
NRS 690C.320 - Examinations by Commissioner.
NRS 690C.330 - Civil penalty for violation of chapter or order or regulation of Commissioner.