Nevada Revised Statutes 485.314 – Insurer to maintain record of each contract of insurance and provide Department access to any such record; Department to notify Commissioner of Insurance of noncompliance or receipt of false, incomplete or misleading…
Current as of: 2023 | Check for updates
|
Other versions
1. Each insurer that has executed a contract of insurance for a motor vehicle liability policy which may be used to meet the requirements of NRS 485.185 shall maintain a record of each such policy in a format approved by the Department and provide the Department with access to the record.
Terms Used In Nevada Revised Statutes 485.314
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the Department of Motor Vehicles. See Nevada Revised Statutes 481.015
2. The Department shall notify the Commissioner of Insurance if an insurer:
(a) Fails to comply with subsection 1; or
(b) In complying with subsection 1, provides to the Department information that is false, incomplete or misleading.