1. No policy or contract of title insurance may be completed or executed until the title insurer has or has caused to be:
(a) Conducted a reasonable search and examination of the title; and
(b) Determined the insurability of the title in accordance with its established underwriting practices.
2. Each title insurer shall maintain records and evidence of its search and examination and of its determination of insurability for a period of not less than 5 years after the date of the policy or contract.
(Added to NRS by 1977, 982; A 1989, 585)
Structure Nevada Revised Statutes
Chapter 692A - Title Insurance
NRS 692A.015 - "Abstract of title" defined.
NRS 692A.021 - "Applicant" defined.
NRS 692A.022 - "Business of title insurance" and "title insurance business" defined.
NRS 692A.023 - "Commitment to insure" and "preliminary report of title" defined.
NRS 692A.024 - "Escrow" defined.
NRS 692A.028 - "Escrow officer" defined.
NRS 692A.031 - "Net retained liability" defined.
NRS 692A.035 - "Policy of title insurance" and "title policy" defined.
NRS 692A.041 - "Premium" defined.
NRS 692A.050 - "Single risk" defined.
NRS 692A.060 - "Title agent" defined.
NRS 692A.070 - "Title insurer" defined.
NRS 692A.080 - "Title plant company" defined.
NRS 692A.105 - Disciplinary action against title agent or escrow officer or refusal to license.
NRS 692A.107 - Disciplinary action against title insurer or refusal to license.
NRS 692A.109 - Period to remedy deficit or unsafe condition; receivership.
NRS 692A.117 - Confidential records.
NRS 692A.150 - Reserve against unpaid losses and loss expenses.
NRS 692A.160 - Unearned premium reserve.
NRS 692A.200 - Division of rates and charges.