NRS 690A.083
Delivery of application or notice of proposed insurance

  • contents
  • use of application or notice to meet certain requirements.

1.

If the individual policy or group certificate is not delivered to the debtor at the time the debt is incurred or at such other time as the debtor purchases consumer credit insurance, a copy of the application or a notice of proposed insurance, signed by the debtor, must be delivered to the debtor. The application or notice of proposed insurance must include:

(a)

The name and address of the home office of the insurer;

(b)

The name of each debtor;

(c)

The premium or amount of payment by the debtor for the insurance;

(d)

The amount, term and a brief description of the coverage; and

(e)

A statement that upon acceptance by the insurer, the insurance will become effective as described in NRS 690A.063.

2.

The application or notice of insurance provided pursuant to subsection 1 must:

(a)

Refer exclusively to consumer credit insurance; and

(b)

Be separate from the loan, sale or other credit statement, instrument or agreement unless the information required pursuant to subsection 1 is prominently set forth in the statement, instrument or agreement.

3.

The application or notice of insurance provided pursuant to subsection 1 may be used to meet the requirements of NRS 690A.073 and 690A.077 if it includes the information required by those sections.

Source: Section 690A.083 — Delivery of application or notice of proposed insurance; contents; use of application or notice to meet certain requirements., https://www.­leg.­state.­nv.­us/NRS/NRS-690A.­html#NRS690ASec083.

690A.010
Scope. 690A.011
Definitions. 690A.012
“Compensation” defined. 690A.015
“Credit insurance” and “consumer credit insurance” defined. 690A.016
“Credit life insurance” defined. 690A.017
“Creditor” defined. 690A.018
“Debtor” defined. 690A.045
Amounts of credit life insurance. 690A.050
Amounts of credit accident and health insurance or credit unemployment insurance. 690A.055
Combinations of consumer credit insurance 690A.063
Commencement of consumer credit insurance 690A.067
Term and cancellation of consumer credit insurance. 690A.073
Required disclosures. 690A.075
Acceptance of insurance by insurer other than named insurer 690A.077
Policies and certificates of insurance: Contents 690A.083
Delivery of application or notice of proposed insurance 690A.085
Policies, forms and schedules: Filing 690A.087
Adoption of forms by regulation 690A.093
Establishment of reasonable rates by regulation 690A.095
Filing of revised schedule of premium rates. 690A.097
Refund of unearned premiums 690A.103
Payment for consumer credit insurance without issuance of individual policy or group certificate. 690A.107
Amount charged for consumer credit insurance. 690A.120
Issuance of policies and certificates of consumer credit insurance. 690A.130
Claims. 690A.0135
“Credit accident and health insurance” defined. 690A.140
Existing insurance 690A.0163
“Credit transaction” defined. 690A.0167
“Credit unemployment insurance” defined. 690A.0195
“Gross debt” defined. 690A.0205
“Identifiable charge” defined. 690A.0243
“Net debt” defined. 690A.0247
“Open-end credit” defined. 690A.260
Transfers to unauthorized insurer. 690A.273
Creditor as agent of insurer. 690A.277
Regulations. 690A.280
Administrative penalties
Last Updated

Feb. 5, 2021

§ 690A.083’s source at nv​.us