2017 Nevada Revised Statutes
Chapter 690C - Service Contracts
NRS 690C.040 - “Contractual liability insurance policy” defined.

Universal Citation: NV Rev Stat § 690C.040 (2017)
“Contractual liability insurance policy” means a policy of insurance that is issued to a provider to either:

1. Reimburse the provider under the terms of a service contract issued or sold by the provider; or

2. If the provider does not satisfy his or her obligation under a service contract, pay on behalf of the provider any money the provider has an obligation to pay under the service contract.

(Added to NRS by 1999, 3335)

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