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2023 Nevada Revised Statutes
Chapter 692A - Title Insurance
NRS 692A.041 - "Premium" defined.

Universal Citation:
NV Rev Stat § 692A.041 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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1. "Premium" means charges for:

(a) Assuming a risk;

(b) Abstracting, searching and examining title to determine insurability; and

(c) Any other activity associated with the assumption of risk.

2. "Premium" does not include charges for:

(a) Escrow;

(b) Settlement or closing; or

(c) Other special services not associated with the assumption of risk,

whether or not they are called premiums.

(Added to NRS by 1977, 977)

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