Credit personal property insurance sold in conjunction with closed-end credit transaction; insurer prohibited from issuing or selling certain insurance.

  1. Law
  2. Nevada Revised Statutes
  3. Credit Personal Property Insurance
  4. Credit personal property insurance sold in conjunction with closed-end credit transaction; insurer prohibited from issuing or selling certain insurance.

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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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