686A.330 - Definitions. - Nevada Statutes

686A.330  Definitions.  As used in NRS 686A.330 to 686A.520, inclusive, unless the context otherwise requires:

      1.  “Agreement” means a contract between a person and an insured or prospective insured under which the person agrees to pay a premium in advance on behalf of the insured or prospective insured in exchange for repayment of the amount advanced with interest or for some other consideration.

      2.  “Company” means a person engaged in the business of entering into agreements or purchasing agreements. The term does not include a person who finances a premium in connection with the sale of a motor vehicle upon which the person holds a lien.

      (Added to NRS by 1985, 1153; A 1993, 2394; 1995, 1622)