Nevada Revised Statutes 691C.250 – Credit personal property insurance sold in conjunction with closed-end credit transaction: Insurer prohibited from issuing or selling certain insurance
Current as of: 2023 | Check for updates
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For credit personal property insurance sold in conjunction with a closed-end credit transaction, an insurer shall not:
Terms Used In Nevada Revised Statutes 691C.250
- Personal property: All property that is not real property.
1. Issue credit personal property insurance unless the amount financed exceeds $300;
2. Issue credit personal property insurance in an amount that exceeds the amount of the underlying credit transaction; and
3. Sell credit personal property insurance with a term that exceeds the scheduled term of the underlying credit transaction.