Nevada Revised Statutes
Chapter 691C - Credit Personal Property Insurance

NRS 691C.010 - Definitions. - As used in this chapter, unless the context otherwise requires,...

NRS 691C.020 - "Closed-end credit" defined. - "Closed-end credit" means a credit transaction that is not open-end...

NRS 691C.030 - "Collateral" defined. - "Collateral" means personal property in which a purchase money security...

NRS 691C.040 - "Compensation" defined. - "Compensation" means any valuable consideration, direct or indirect, paid by...

NRS 691C.050 - "Credit agreement" defined. - "Credit agreement" means the written document that sets forth the...

NRS 691C.060 - "Credit personal property insurance" defined. - "Credit personal property insurance" means a policy, endorsement, rider, binder,...

NRS 691C.070 - "Credit transaction" defined. - "Credit transaction" means any transaction for which the terms of...

NRS 691C.080 - "Creditor" defined. - "Creditor" means the lender of money or vendor or lessor...

NRS 691C.090 - "Creditor-placed insurance" defined. - "Creditor-placed insurance" means single-interest insurance or dual-interest insurance that is...

NRS 691C.100 - "Debtor" defined. - "Debtor" means a borrower of money or a purchaser or...

NRS 691C.110 - "Dual-interest insurance" defined. - "Dual-interest insurance" means credit personal property insurance covering the interest...

NRS 691C.120 - "Experience" defined. - "Experience" means earned premiums and incurred losses during the experience...

NRS 691C.130 - "Experience period" defined. - "Experience period" means the most recent period of time that...

NRS 691C.140 - "Finance charge" defined. - "Finance charge" means any charge payable directly or indirectly as...

NRS 691C.150 - "Gross debt" defined. - "Gross debt" means the sum of the remaining payments owed...

NRS 691C.160 - "Identifiable charge" defined. - "Identifiable charge" means a charge for credit personal property insurance...

NRS 691C.170 - "Incurred losses" defined. - "Incurred losses" means total claims and claim adjustment expenses paid...

NRS 691C.180 - "Loss ratio" defined. - "Loss ratio" means incurred losses divided by the sum of...

NRS 691C.190 - "Net debt" defined. - "Net debt" means the amount required to liquidate the remaining...

NRS 691C.200 - "Nonfiling insurance" defined. - "Nonfiling insurance" means insurance that indemnifies the creditor for loss...

NRS 691C.210 - "Open-end credit" defined. - "Open-end credit" means credit extended by a creditor under an...

NRS 691C.220 - "Reverse competition" defined. - "Reverse competition" means competition among insurers that regularly takes the...

NRS 691C.230 - "Single-interest insurance" defined. - "Single-interest insurance" means credit personal property insurance covering only the...

NRS 691C.240 - Scope. - All credit personal property insurance, including guaranteed asset protection insurance,...

NRS 691C.250 - Credit personal property insurance sold in conjunction with closed-end credit transaction: Insurer prohibited from issuing or selling certain insurance. - For credit personal property insurance sold in conjunction with a...

NRS 691C.260 - Coverage. - Credit personal property insurance must: 1. At a minimum, include...

NRS 691C.270 - Insurer prohibited from requiring bundling of other credit insurance coverage with purchase of credit personal property insurance or using gross debt to determine premiums. - 1. An insurer shall not: (a) Require the bundling of...

NRS 691C.280 - Required disclosures. - 1. Before a debtor elects to purchase credit personal property...

NRS 691C.290 - Offer to extend coverage for open-end credit transaction. - An offer to extend coverage for an open-end credit transaction...

NRS 691C.300 - Individual policy or certificate of insurance: Required as proof of insurance; contents; required statement for insurance related to open-end credit. - 1. All credit personal property insurance must be evidenced by...

NRS 691C.310 - Individual policy or certificate of insurance: Delivery. - 1. Except as otherwise provided in subsection 2, the individual...

NRS 691C.320 - Policies, forms and schedules: Filing; approval; withdrawal of approval. - 1. Except as otherwise provided in NRS 691C.330 and 691C.340,...

NRS 691C.330 - Adoption of forms by regulation; election of use of forms by insurer. - 1. The Commissioner may adopt by regulation forms for use...

NRS 691C.340 - Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations. - The Commissioner may, by regulation, establish rates that an insurer...

NRS 691C.350 - Approved rates: Period of effectiveness; timing of filing; filing of revised schedule of premium rates. - Except as otherwise provided in NRS 691C.340: 1. A rate...

NRS 691C.360 - Open-end credit transactions: Rating plan required to address certain expected variance; requirements for accounts. - For open-end credit transactions, the rating plan of the insurer...

NRS 691C.370 - Report of credit personal property insurance by insurer: Filing; preparation. - Each year, not later than the date specified in the...

NRS 691C.380 - Transfers to unauthorized insurer. - 1. Except as otherwise provided in subsection 2, an authorized...

NRS 691C.390 - Refund of unearned premiums upon cancellation; approval of refund formula. - 1. Each individual policy or certificate of insurance must provide...

NRS 691C.400 - Claims. - 1. All claims must be promptly reported to the insurer...

NRS 691C.410 - Settlement or adjustment of claims. - A plan or arrangement may not be used whereby a...

NRS 691C.420 - Denial of claim because debtor ineligible for coverage or misrepresented material fact; refund. - A claim made pursuant to credit personal property insurance must...

NRS 691C.430 - Regulations. - The Commissioner may adopt regulations to carry out the provisions...

NRS 691C.440 - Administrative fines; revocation, suspension or limitation of license or certificate of authority. - In addition to any other penalty provided by law, a...