Nevada Revised Statutes
Chapter 691C - Credit Personal Property Insurance
NRS 691C.290 - Offer to extend coverage for open-end credit transaction.

An offer to extend coverage for an open-end credit transaction must include, at the time of the invitation to contract, a written disclosure or, if the solicitation is made by telephone and the written disclosure is mailed to the debtor not later than 10 days after enrollment, an oral summary of the written disclosure. The written disclosure must be in not smaller than 12-point type and be in substantially the following form:
This coverage may duplicate existing coverage if you have a residential property insurance policy. It applies to any item of covered property on which you owe a debt. This coverage is primary, so it is the first source to be used in the event of a loss on property it covers. You may cancel this coverage at any time by calling the insurer during business hours at the telephone number provided to you or by writing to the insurer. We are charging you a premium that may be based on subjects for which a claim cannot be made, such as services, meals or other consumables, entertainment, finance or service fees, loan interest, delivery charges or other insurance premiums.
(Added to NRS by 2005, 2109)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 691C - Credit Personal Property Insurance

NRS 691C.010 - Definitions.

NRS 691C.020 - "Closed-end credit" defined.

NRS 691C.030 - "Collateral" defined.

NRS 691C.040 - "Compensation" defined.

NRS 691C.050 - "Credit agreement" defined.

NRS 691C.060 - "Credit personal property insurance" defined.

NRS 691C.070 - "Credit transaction" defined.

NRS 691C.080 - "Creditor" defined.

NRS 691C.090 - "Creditor-placed insurance" defined.

NRS 691C.100 - "Debtor" defined.

NRS 691C.110 - "Dual-interest insurance" defined.

NRS 691C.120 - "Experience" defined.

NRS 691C.130 - "Experience period" defined.

NRS 691C.140 - "Finance charge" defined.

NRS 691C.150 - "Gross debt" defined.

NRS 691C.160 - "Identifiable charge" defined.

NRS 691C.170 - "Incurred losses" defined.

NRS 691C.180 - "Loss ratio" defined.

NRS 691C.190 - "Net debt" defined.

NRS 691C.200 - "Nonfiling insurance" defined.

NRS 691C.210 - "Open-end credit" defined.

NRS 691C.220 - "Reverse competition" defined.

NRS 691C.230 - "Single-interest insurance" defined.

NRS 691C.240 - Scope.

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

NRS 691C.260 - Coverage.

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.

NRS 691C.280 - Required disclosures.

NRS 691C.290 - Offer to extend coverage for 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.

NRS 691C.310 - Individual policy or certificate of insurance: Delivery.

NRS 691C.320 - Policies, forms and schedules: Filing; approval; withdrawal of approval.

NRS 691C.330 - Adoption of forms by regulation; election of use of forms by insurer.

NRS 691C.340 - Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations.

NRS 691C.350 - Approved rates: Period of effectiveness; timing of filing; filing of revised schedule of premium rates.

NRS 691C.360 - Open-end credit transactions: Rating plan required to address certain expected variance; requirements for accounts.

NRS 691C.370 - Report of credit personal property insurance by insurer: Filing; preparation.

NRS 691C.380 - Transfers to unauthorized insurer.

NRS 691C.390 - Refund of unearned premiums upon cancellation; approval of refund formula.

NRS 691C.400 - Claims.

NRS 691C.410 - Settlement or adjustment of claims.

NRS 691C.420 - Denial of claim because debtor ineligible for coverage or misrepresented material fact; refund.

NRS 691C.430 - Regulations.

NRS 691C.440 - Administrative fines; revocation, suspension or limitation of license or certificate of authority.