1. All claims must be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate files on all reported claims. All claims must be settled as soon as practicable and in accordance with the terms of the insurance contract.
2. All claims must be paid by draft drawn upon the insurer, by electronic funds transfer or by check of the insurer to the order of:
(a) The claimant to whom payment of the claim is due pursuant to the provisions of the policy; or
(b) Any other person designated by the claimant to whom payment is due.
(Added to NRS by 2005, 2113)
Structure Nevada Revised Statutes
Chapter 691C - Credit Personal Property Insurance
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.280 - Required disclosures.
NRS 691C.290 - Offer to extend coverage for open-end credit transaction.
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.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.