A claim made pursuant to credit personal property insurance must not be denied more than 60 days after the initiation of coverage because the debtor was ineligible for coverage unless the debtor misrepresented a material fact. If a claim is denied within 60 days after the initiation of coverage because the debtor was ineligible for coverage or because the debtor misrepresented a material fact, the insurer shall refund to the debtor any premium paid and the creditor shall refund to the debtor any finance charge paid on the premium.
(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.