Insurer prohibited from requiring other credit insurance coverage with credit personal property insurance; using gross debt to determine premiums.

  1. Law
  2. Nevada Revised Statutes
  3. Credit Personal Property Insurance
  4. Insurer prohibited from requiring other credit insurance coverage with credit personal property insurance; using gross debt to determine premiums.

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1. An insurer shall not:

(a) Require the bundling of other credit insurance coverage with the purchase of credit personal property insurance; and

(b) Use gross debt in any manner to determine the premiums for credit personal property insurance.

2. A debtor must have a choice to purchase credit personal property insurance separately from other credit insurance coverage.

(Added to NRS by 2005, 2108)


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