NRS 690D.150
Restrictions on business name of creditor

  • exception.

1.

Except as otherwise provided in this section, a creditor who sells or offers for sale guaranteed asset protection waivers shall not include in the name of the business of the creditor:

(a)

The words “insurance,” “casualty,” “surety,” “mutual” or any other word or term that implies that the creditor is engaged in the business of transacting insurance or is a surety company; or

(b)

A name that is deceptively similar to the name or description of an insurer or surety company.

2.

A creditor may include the word “guaranty” or a similar word in the name of the business of the creditor.

3.

This section does not apply to a creditor who, before January 1, 2016, includes in the name of the business of the creditor a name that does not comply with the provisions of subsection 1. Such a creditor shall include in each guaranteed asset protection waiver the creditor sells or offers for sale a statement that the guaranteed asset protection waiver is not a contract of insurance.

Source: Section 690D.150 — Restrictions on business name of creditor; exception., https://www.­leg.­state.­nv.­us/NRS/NRS-690D.­html#NRS690DSec150.

Last Updated

Jun. 24, 2021

§ 690D.150’s source at nv​.us