2014 Nevada Revised Statutes
Chapter 691D - Portable Electronics Insurance
NRS 691D.300 - Policy of portable electronics insurance: Delivery; coverage; standards for coverage; supervising entity; training for employees and authorized representatives.
1. An authorized insurer may deliver or issue for delivery in this State a policy of portable electronics insurance as a group or master inland marine policy issued to a vendor. A vendor may provide coverage for portable electronics under the policy to customers who elect to enroll under the policy. The policy may be offered on a month-to-month or other periodic basis. Notwithstanding the provisions of any law to the contrary, each rate for a policy of portable electronics insurance must be filed with the Commissioner pursuant to chapter 686B of NRS.
2. An insurer that issues a group policy of portable electronics insurance to a vendor shall:
(a) Establish reasonable eligibility and underwriting standards for customers who elect to enroll under the vendor s policy of portable electronics insurance.
(b) Appoint a supervising entity to oversee the vendor s sales and enrollment activities under the vendor s policy of portable electronics insurance.
3. A supervising entity appointed pursuant to this section must develop and conduct a training program for the employees and authorized representatives of the vendor who sell or offer coverage under the vendor s policy of portable electronics insurance. The training program must include, without limitation, basic instruction concerning:
(a) The coverage that is available to customers who enroll under the vendor s policy of portable electronics insurance; and
(b) The disclosures required by NRS 691D.310.
4. The supervising entity may provide the basic instruction required by subsection 3 in electronic form if the supervising entity provides supplemental education that is conducted and overseen by a licensed employee of the supervising entity.
5. The supervising entity shall ensure that each employee and authorized representative of a vendor completes the training program required by subsection 3 before selling or offering to sell coverage under the vendor s policy of portable electronics insurance.
(Added to NRS by 2011, 2024)
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