687B.182 - Binders: Issuance; effective dates. - Nevada Statutes

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.

      (Added to NRS by 1983, 1120)