690C.210 - Requirements of contractual liability insurance policy; holder authorized to apply to issuer of policy for performance in certain circumstances. - Nevada Statutes

690C.210  Requirements of contractual liability insurance policy; holder authorized to apply to issuer of policy for performance in certain circumstances.

      1.  A contractual liability insurance policy issued in this state must provide that the issuer of the policy shall:

      (a) Reimburse or pay on behalf of the provider any money the provider has a duty to pay under a service contract; or

      (b) Otherwise provide for the performance of the duties of the provider under a service contract.

      2.  If a provider fails to perform his or her duties under a service contract within 60 days after receiving notice from the holder that the goods described in the contract are defective, the holder may apply to the issuer of the contractual liability insurance policy for performance of the duties of the provider under the service contract.

      (Added to NRS by 1999, 3338)