1. A provider shall maintain records of the transactions governed by this chapter. The records of a provider must include:
(a) A copy of each type of service contract that the provider issues, sells or offers for sale;
(b) The name and address of each holder who possesses a service contract under which the provider has a duty to perform, to the extent that the provider knows the name and address of each holder;
(c) A list that includes each location where the provider issues, sells or offers for sale service contracts; and
(d) The date and a description of each claim made by a holder under a service contract.
2. Except as otherwise provided in this subsection, a provider shall retain all records relating to a service contract for at least 1 year after the contract has expired. A provider who intends to discontinue doing business in this state shall provide the Commissioner with satisfactory proof that the provider has discharged his or her duties to the holders in this state and shall not destroy his or her records without the prior approval of the Commissioner.
3. The records required to be maintained pursuant to this section may be stored on a computer disc or other storage device for a computer from which the records can be readily printed.
(Added to NRS by 1999, 3341)
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.