Nevada Revised Statutes 687B.874 – ‘Policy of stop-loss insurance’ defined
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‘Policy of stop-loss insurance’ means a policy or contract of insurance, which provides coverage for the losses of an insured above an attachment point which is stated in the policy or contract, including, without limitation, a policy of insurance which includes stop-loss coverage or excess loss coverage.
Terms Used In Nevada Revised Statutes 687B.874
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.