691C.250 - Credit personal property insurance sold in conjunction with closed-end credit transaction; insurer prohibited from issuing or selling certain insurance. - Nevada Statutes

691C.250  Credit personal property insurance sold in conjunction with closed-end credit transaction; insurer prohibited from issuing or selling certain insurance.  For credit personal property insurance sold in conjunction with a closed-end credit transaction, an insurer shall not:

      1.  Issue credit personal property insurance unless the amount financed exceeds $300;

      2.  Issue credit personal property insurance in an amount that exceeds the amount of the underlying credit transaction; and

      3.  Sell credit personal property insurance with a term that exceeds the scheduled term of the underlying credit transaction.

      (Added to NRS by 2005, 2108)