2014 Nevada Revised Statutes
Chapter 691C - Credit Personal Property Insurance
NRS 691C.250 - Credit personal property insurance sold in conjunction with closed-end credit transaction; insurer prohibited from issuing or selling certain insurance.
For credit personal property insurance sold in conjunction with a closed-end credit transaction, an insurer shall not:
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.
(Added to NRS by 2005, 2108)
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