Nev. Rev. Stat. ch. 691C – Credit Personal Property Insurance | Midpage

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Nevada Revised Statutes

Chapter 691C

Nev. Rev. Stat. ch. 691C

Credit Personal Property Insurance

691C.010Definitions 691C.020“Closed-end credit” defined 691C.030“Collateral” defined 691C.040“Compensation” defined 691C.050“Credit agreement” defined 691C.060“Credit personal property insurance” defined 691C.070“Credit transaction” defined 691C.080“Creditor” defined 691C.090“Creditor-placed insurance” defined 691C.100“Debtor” defined 691C.110“Dual-interest insurance” defined 691C.120“Experience” defined 691C.130“Experience period” defined 691C.140“Finance charge” defined 691C.150“Gross debt” defined 691C.160“Identifiable charge” defined 691C.170“Incurred losses” defined 691C.200“Nonfiling insurance” defined 691C.210“Open-end credit” defined 691C.230“Single-interest insurance” defined 691C.240Scope 691C.250Credit personal property insurance sold in conjunction with closed-end credit transaction: Insurer prohibited from issuing or selling certain insurance 691C.260Coverage 691C.270Insurer prohibited from requiring bundling of other credit insurance coverage with purchase of credit personal property insurance or using gross debt to determine premiums 691C.280Required disclosures 691C.290Offer to extend coverage for open-end credit transaction 691C.300Individual policy or certificate of insurance: Required as proof of insurance; contents; required statement for insurance related to open-end credit 691C.310Individual policy or certificate of insurance: Delivery 691C.320Policies, forms and schedules: Filing; approval; withdrawal of approval 691C.330Adoption of forms by regulation; election of use of forms by insurer 691C.340Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations 691C.350Approved rates: Period of effectiveness; timing of filing; filing of revised schedule of premium rates 691C.360Open-end credit transactions: Rating plan required to address certain expected variance; requirements for accounts 691C.370Report of credit personal property insurance by insurer: Filing; preparation 691C.380Transfers to unauthorized insurer 691C.390Refund of unearned premiums upon cancellation; approval of refund formula 691C.400Claims 691C.410Settlement or adjustment of claims 691C.420Denial of claim because debtor ineligible for coverage or misrepresented material fact; refund 691C.430Regulations 691C.440Administrative fines; revocation, suspension or limitation of license or certificate of authority