NRS 691C.240
Scope.

All credit personal property insurance, including guaranteed asset protection insurance, written in connection with credit transactions for personal, family or household purposes is subject to the provisions of this chapter, except:

1.

Credit transactions involving extensions of credit primarily for business or commercial purposes;

2.

Insurance written in connection with a credit transaction that is secured by a real estate mortgage or deed of trust;

3.

Creditor-placed insurance;

4.

Title insurance;

5.

Nonfiling insurance;

6.

Insurance purchased by a creditor after repossession or a similar event in which the creditor acquired possession of the property; and

7.

Insurance for which an identifiable charge is not made to or collected from the debtor.

Source: Section 691C.240 — Scope., https://www.­leg.­state.­nv.­us/NRS/NRS-691C.­html#NRS691CSec240.

691C.010
Definitions. 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.180
“Loss ratio” defined. 691C.190
“Net debt” defined. 691C.200
“Nonfiling insurance” defined. 691C.210
“Open-end credit” defined. 691C.220
“Reverse competition” defined. 691C.230
“Single-interest insurance” defined. 691C.240
Scope. 691C.250
Credit personal property insurance sold in conjunction with closed-end credit transaction 691C.260
Coverage. 691C.270
Insurer prohibited from requiring other credit insurance coverage with credit personal property insurance 691C.280
Required disclosures. 691C.290
Offer to extend coverage. 691C.300
Individual policy or certificate of insurance: Contents 691C.310
Delivery of individual policy or certificate of insurance. 691C.320
Policies, forms and schedules: Filing 691C.330
Adoption of forms by regulation 691C.340
Use of certain rates without filing rates with Commissioner 691C.350
Approved rates 691C.360
Open-end credit transactions. 691C.370
Report of credit personal property insurance. 691C.380
Transfers to unauthorized insurer. 691C.390
Refund of unearned premiums upon cancellation 691C.400
Claims. 691C.410
Settlement or adjustment of claims. 691C.420
Debtor ineligible for coverage 691C.430
Regulations. 691C.440
Administrative fines
Last Updated

Feb. 5, 2021

§ 691C.240’s source at nv​.us