Nevada Insurance Sec. § 687B.182 Binders: Issuance; effective dates. 1.A binder may be issued only by a resident or nonresident agent appointed by the insurer which is to issue the policy. 2.Except as provided in subsection 3, a binder must not be effective for more than 90 days. 3.The effective period of a binder may be extended 30 days at a time with the written approval of the Commissioner.