reglab/housing_qa huggingface dataset:
NV Rev Stat § 690A.073 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.073 - Required disclosures.

  1. Before a debtor elects to purchase consumer credit insurance in connection with a credit transaction, the following information must be disclosed to the debtor in writing:  (a) That the purchase of consumer credit insurance from the creditor is not mandatory and is not a condition for obtaining credit approval;  (b) If more than one type of consumer credit insurance is made available to the debtor, whether the debtor may purchase each separately or only as a package;  (c) The conditions of eligibility;  (d) That if the debtor has other insurance that covers the risk, the debtor may not want or need consumer credit insurance;  (e) That the debtor may cancel the insurance at any time, or if evidence of insurance is required for the extension of credit, upon proof of insurance that is acceptable to the creditor, and obtain a refund of or credit for:  (1) If the cancellation is not more than 30 days after the debtor receives the individual policy or certificate of insurance, any premium paid by the debtor; or  (2) If the cancellation is more than 30 days after the debtor receives the individual policy or certificate of insurance, any unearned premium paid by the debtor;  (f) A brief description of the coverage, including a description of the amount, term, exceptions, limitations and exclusions, the insured event, any waiting or elimination period, any deductible, any applicable waiver of premium, the person who would receive any benefits, and the premium or premium rate for the consumer credit insurance; and  (g) If the premium or insurance charge is financed, that it will be subject to finance charges at the rate applicable to the credit transaction.  2. The disclosures required pursuant to subsection 1:  (a) If made in connection with consumer credit insurance offered at the same time as the extension of credit or offered through direct mail advertisements, must be made in writing and presented to the customer in a clear and conspicuous manner; or  (b) If made in connection with consumer credit insurance offered after the extension of credit other than through direct mail advertisements, may be provided orally or electronically if written disclosures are provided not later than the earlier of:  (1) Ten days after the debtor elects to accept the coverage; or  (2) The date any other written material is provided to the debtor.  (Added to NRS by 2005, 2140)
NV Rev Stat § 690A.075 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.075 - Acceptance of insurance by insurer other than named insurer; nonacceptance.

  1. If a named insurer does not accept the insurance and another insurer accepts the insurance, the insurer shall provide an individual policy or group certificate that includes the name and address of the home office of the insurer who accepted the insurance and the amount of the premium to be charged. If the premium is less than the premium paid by the debtor, the insurer shall provide a refund of the excess premium not more than 30 days after the date it was paid by the debtor.  2. If a named insurer does not accept the insurance and no other insurer accepts the insurance, a person who received any premium payment related to the insurance shall refund the payment not more than 30 days after the date it was paid by the debtor.  (Added to NRS by 2005, 2141)
NV Rev Stat § 690A.077 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.077 - Policies and certificates of insurance: Contents; delivery.

  1. All consumer credit insurance must be evidenced by an individual policy or a group certificate that is delivered to the debtor.  2. The individual policy or group certificate must, in addition to other requirements of law, include:  (a) The name and address of the home office of the insurer;  (b) The name of each debtor or, on a certificate of insurance, the identity by name or otherwise of each debtor;  (c) The amount of the premium or payment of the debtor stated separately for each type of coverage or as a package or, for open-end credit, the premium rate, basis of the calculation of premiums and balance to which the premium rate applies;  (d) A complete description of the coverage or coverages, including the amount, term and any exceptions, limitations and exclusions of coverage;  (e) A statement that all benefits must be paid to the creditor to reduce or extinguish the unpaid debt and that if the benefits exceed the unpaid debt, any excess benefit must be paid to the debtor, to a beneficiary, other than the creditor, named by the debtor or to the estate of the debtor; and  (f) If the scheduled term of the insurance is less than the scheduled term of the credit transaction, a statement indicating that fact set forth on the face of the individual policy or certificate of insurance in not less than 10-point bold type.  3. The insurer shall deliver the individual policy or group certificate to the debtor upon acceptance of insurance by the insurer and not more than 30 days after the debtor elects to purchase the insurance. An individual policy or group certificate related to open-end credit or consumer credit insurance that is requested by the debtor after the date of the credit transaction to which it is related shall be deemed to have been delivered at the time the debtor elected to purchase insurance if the actual delivery is made not more than 30 days after the date on which the insurer accepts the insurance.  (Added to NRS by 2005, 2140)
NV Rev Stat § 690A.083 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.083 - Delivery of application or notice of proposed insurance; contents; use of application or notice to meet certain requirements.

  1. If the individual policy or group certificate is not delivered to the debtor at the time the debt is incurred or at such other time as the debtor purchases consumer credit insurance, a copy of the application or a notice of proposed insurance, signed by the debtor, must be delivered to the debtor. The application or notice of proposed insurance must include:  (a) The name and address of the home office of the insurer;  (b) The name of each debtor;  (c) The premium or amount of payment by the debtor for the insurance;  (d) The amount, term and a brief description of the coverage; and  (e) A statement that upon acceptance by the insurer, the insurance will become effective as described in NRS 690A.063.  2. The application or notice of insurance provided pursuant to subsection 1 must:  (a) Refer exclusively to consumer credit insurance; and  (b) Be separate from the loan, sale or other credit statement, instrument or agreement unless the information required pursuant to subsection 1 is prominently set forth in the statement, instrument or agreement.  3. The application or notice of insurance provided pursuant to subsection 1 may be used to meet the requirements of NRS 690A.073 and 690A.077 if it includes the information required by those sections.  (Added to NRS by 2005, 2141)
NV Rev Stat § 690A.085 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.085 - Policies, forms and schedules: Filing; approval; withdrawal of approval.

  1. Except as otherwise provided in NRS 690A.087 and 690A.093, all policies, certificates of insurance, applications for insurance, enrollment forms, endorsements and riders delivered or issued for delivery in this State and the schedules of premium rates related thereto must be filed with the Commissioner.  2. An item filed with the Commissioner pursuant to subsection 1 may not be issued or used until 60 days after it is filed with the Commissioner or until the written prior approval of the Commissioner is obtained.  3. The Commissioner shall, not more than 60 days after an item is submitted to the Commissioner pursuant to subsection 1, disapprove the item if the benefits are not reasonable in relation to the premium charged or if the item contains provisions that are unjust, unfair, inequitable, misleading or deceptive or encourage misrepresentation of the coverage or are contrary to any provision of the Code or any regulation adopted pursuant to the Code. If the Commissioner does not disapprove an item filed pursuant to subsection 1 in accordance with this subsection, the item shall be deemed to be approved.  4. If the Commissioner notifies an insurer that an item is disapproved pursuant to subsection 3, the insurer shall not use the item. The notice must include the reason for the disapproval and state that a hearing will be granted not more than 30 days after the insurer submits a written request for a hearing to the Commissioner, unless postponed by mutual consent or by order of the Commissioner.  5. The Commissioner may hold a hearing to withdraw approval of an item submitted pursuant to subsection 1 not less than 20 days after providing a written notice of the hearing to the insurer. The written notice must include one of the reasons described in subsection 3 for the proposed withdrawal of approval of the item. An insurer shall not use an item if approval of the item is withdrawn pursuant to this subsection.  (Added to NRS by 2005, 2142)
NV Rev Stat § 690A.087 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.087 - Adoption of forms by regulation; use of forms by insurer.

  1. The Commissioner may adopt by regulation forms for use in the issuance of consumer credit insurance, including applications, policies, forms for claims and any other forms required for the sale, issuance and administration of consumer credit insurance. An insurer may elect to use those forms in lieu of any other forms.  2. If an officer of the insurer submits, in the manner prescribed by the Commissioner, a written certification to the Commissioner that the forms used by the insurer are identical to those adopted by the Commissioner, the insurer is not required to file those forms with the Commissioner for approval pursuant to NRS 690A.085.  (Added to NRS by 2005, 2142)
NV Rev Stat § 690A.093 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.093 - Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner.

  1. The Commissioner shall, by regulation, establish reasonable rates as described in this chapter and in accordance with the standards established in NRS 686B.050 and 686B.060. The rates must be reasonable in relation to the benefits provided and must not be excessive, inadequate or unfairly discriminatory.  2. The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 690A.085. In establishing such rates, the Commissioner shall consider and apply the following factors:  (a) Actual and expected loss experience;  (b) General and administrative expenses;  (c) Loss settlement and adjustment expenses;  (d) Reasonable creditor compensation;  (e) The manner in which premiums are charged;  (f) Other acquisition costs;  (g) Reserves;  (h) Taxes;  (i) Regulatory license fees and fund assessments;  (j) Reasonable insurer profit; and  (k) Other relevant data consistent with generally accepted actuarial standards.  (Added to NRS by 2005, 2142)
NV Rev Stat § 690A.095 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.095 - Filing of revised schedule of premium rates.

Except as otherwise provided in NRS 690A.093, if an insurer revises its schedule of premium rates, the insurer shall file the revised schedule with the Commissioner pursuant to NRS 690A.085. An insurer shall not issue consumer credit insurance for which the premium rates differ from the rates determined by the schedule approved by the Commissioner.  (Added to NRS by 2005, 2143)
NV Rev Stat § 690A.097 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.097 - Refund of unearned premiums; regulations; approval of refund formula.

  1. Each individual policy or group certificate must provide for a refund of unearned premiums if the consumer credit insurance is cancelled before the scheduled date of termination of the insurance.  2. Except as otherwise provided in this section, any refund must be provided to the person to whom it is entitled as soon as practicable after the date of cancellation of the insurance.  3. The Commissioner shall, by regulation, establish the minimum amount of unearned premiums that must remain outstanding at the time of cancellation in order for a person to be entitled to a refund. If the amount of unearned premiums that remains outstanding at the time of cancellation is less than the minimum amount established by regulation, the person is not entitled to a refund.  4. The formula that an insurer uses to determine the amount of a refund must be submitted to and approved by the Commissioner before it is used.  (Added to NRS by 2005, 2143)
NV Rev Stat § 690A.103 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.103 - Payment for consumer credit insurance without issuance of individual policy or group certificate.

If a creditor requires a debtor to make a payment for consumer credit insurance and an individual policy or group certificate is not issued, the creditor shall immediately notify the debtor in writing and make an appropriate credit to the account of the debtor or issue a refund.  (Added to NRS by 2005, 2143)
NV Rev Stat § 690A.107 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.107 - Amount charged for consumer credit insurance.

The amount charged to a debtor for any consumer credit insurance must not exceed the amount of the premiums charged by the insurer as determined at the time that the contract was accepted by the debtor.  (Added to NRS by 2005, 2143)
NV Rev Stat § 690A.120 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.120 - Issuance of policies and certificates of consumer credit insurance.

All policies and certificates of consumer credit insurance may be delivered or issued for delivery in this State only by an insurer authorized to do an insurance business in this State, and may be issued only through holders of licenses or certificates of authority issued by the Commissioner.  (Added to NRS by 1971, 1776; A 1987, 2302; 2005, 2145)
NV Rev Stat § 690A.130 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.130 - Claims.

  1. All claims must be promptly reported to the insurer or its designated representative, and the insurer shall maintain adequate files on all reported claims. All claims must be settled as soon as practicable and in accordance with the terms of the insurance contract.  2. All claims must be paid by draft drawn upon the insurer, by electronic funds transfer or by check of the insurer to the order of:  (a) The claimant to whom payment of the claim is due pursuant to the provisions of the policy; or  (b) Any other person designated by the claimant to whom payment is due.  3. A plan or arrangement may not be used whereby a person other than the insurer or its designated claim representative is authorized to settle or adjust claims. The creditor may not be designated as the representative for the insurer in adjusting a claim, except that a group policyholder may, by arrangement with the group insurer, draw drafts, electronic transfers or checks in payment of claims due the group policyholder subject to the periodic audit by the insurer.  (Added to NRS by 1971, 1776; A 1987, 2302; 2005, 2145)
NV Rev Stat § 690A.140 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.140 - Existing insurance; choice of insurer.

When any form of consumer credit insurance is required as additional security for any debt, the debtor may furnish the required amount of insurance through existing policies of insurance owned or controlled by the debtor or procure or furnish the required coverage through any insurer authorized to transact the business of insurance in this State.  (Added to NRS by 1971, 1777; A 1987, 2303; 2005, 2146)
NV Rev Stat § 690A.260 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.260 - Transfers to unauthorized insurer.

  1. Except as otherwise provided in subsection 2, an authorized insurer issuing consumer credit insurance may not enter into any agreement whereby the authorized insurer transfers, by reinsurance or otherwise, to an unauthorized insurer, as they relate to consumer credit insurance written or issued in this State:  (a) A substantial portion of the risk of loss under the consumer credit insurance written by the authorized insurer in this State;  (b) All of one or more kinds, lines, types or classes of consumer credit insurance;  (c) All of the consumer credit insurance produced through one or more agents, agencies or creditors;  (d) All of the consumer credit insurance written or issued in a designated geographical area; or  (e) All of the consumer credit insurance under a policy of group insurance.  2. An authorized insurer may make the transfers listed in subsection 1 to an unauthorized insurer if the unauthorized insurer:  (a) Maintains security on deposit with the Commissioner in an amount which when added to the actual capital and surplus of the insurer is equal to the capital and surplus required of an authorized stock insurer pursuant to NRS 680A.120. The security may consist only of the following:  (1) Cash.  (2) General obligations of, or obligations guaranteed by, the Federal Government, this State or any of its political subdivisions. These obligations must be valued at the lower of market value or par value.  (3) Any other type of security that would be acceptable if posted by a domestic or foreign insurer.  (b) Files an annual statement with the Commissioner pursuant to NRS 680A.270.  (c) Maintains reserves on its consumer credit insurance business pursuant to NRS 681B.050.  (d) Values its assets and liabilities pursuant to NRS 681B.010 to 681B.040, inclusive.  (e) Agrees to examinations conducted by the Commissioner pursuant to NRS 679B.230.  (f) Complies with the standards adopted by the Commissioner pursuant to NRS 679A.150.  (g) Does not hold, issue or have an arrangement for holding or issuing any of its stock for which dividends are paid based on:  (1) The experience of a specific risk of all of one or more kinds, lines, types or classes of insurance;  (2) All of the business produced through one or more agents, agencies or creditors;  (3) All of the business written in a designated geographical area; or  (4) All of the business written for one or more forms of insurance.  (Added to NRS by 1987, 2294; A 2005, 2146)
NV Rev Stat § 690A.273 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.273 - Creditor as agent of insurer.

Except as otherwise prohibited by law, any duty imposed on an insurer pursuant to this chapter may be carried out by a creditor who is acting as an agent of the insurer.  (Added to NRS by 2005, 2143)
NV Rev Stat § 690A.277 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.277 - Regulations.

The Commissioner may adopt regulations to carry out the provisions of this chapter.  (Added to NRS by 2005, 2143)
NV Rev Stat § 690A.280 (2021)
2021 Nevada Revised Statutes|Chapter 690A - Credit Insurance|NRS 690A.280 - Administrative penalties; revocation or suspension of license or certificate of authority.

In addition to any other penalty provided by law, any person who violates any provision of this chapter or a regulation adopted or a final order of the Commissioner issued pursuant to this chapter shall, after notice and hearing, pay an administrative penalty:  1. In an amount not to exceed $5,000; or  2. If the violation is willful, in an amount not to exceed $10,000,  and the Commissioner may, after notice and a hearing, revoke or suspend the license or certificate of authority of that person.  (Added to NRS by 1987, 2296; A 2005, 2147)
NV Rev Stat § 690B.010 (2021)
2021 Nevada Revised Statutes|Chapter 690B - Casualty Insurance|NRS 690B.010 - Other applicable provisions.

All contracts of casualty insurance covering subjects resident, located or to be performed in this State are subject to the applicable provisions of chapter 687B of NRS (the insurance contract), and to other applicable provisions of this Code.  (Added to NRS by 1971, 1777)
NV Rev Stat § 690B.012 (2021)
2021 Nevada Revised Statutes|Chapter 690B - Casualty Insurance|NRS 690B.012 - Claims: Approval or denial; request for additional information; payment; interest on unpaid claim.

  1. Except as otherwise provided in subsections 2, 3 and 4, an insurer shall approve or deny a claim of its insured relating to a contract of casualty insurance within 30 days after the insurer receives the claim. If the claim is approved, the insurer shall pay the claim within 30 days after it is approved. If the approved claim is not paid within that period, the insurer shall pay interest on the claim at the rate of interest established pursuant to NRS 99.040. The interest must be calculated from the date the payment is due until the claim is paid.  2. If the insurer requires additional information or time to determine whether to approve or deny a claim, it shall notify the policyholder of its request for the additional information or time within 20 days after it receives the policyholder’s claim, and at least once every 30 days thereafter, until the claim is approved or denied. The notice must set forth the reason why the additional information or time is required.  3. The insurer shall approve or deny the claim within:  (a) Thirty days after it receives the additional information; or  (b) Thirty-one days after the last timely notice was provided pursuant to subsection 2,  whichever is later.  4. If the claim is approved, the insurer shall pay the claim within 30 days after it is approved. If the approved claim is not paid within that period, the insurer shall pay interest on the claim in the manner prescribed in subsection 1.  (Added to NRS by 1991, 1329)
NV Rev Stat § 690B.016 (2021)
2021 Nevada Revised Statutes|Chapter 690B - Casualty Insurance|NRS 690B.016 - Prohibition against knowing recommendation of unlicensed body shop or required patronization of particular body shop.

  1. An insured or a claimant under a policy of insurance may have repairs to a motor vehicle made at the licensed body shop of the insured’s or claimant’s choice. An insurer of motor vehicles shall notify the insured or the claimant of this right when the insurer is first contacted concerning a claim for damage to a motor vehicle.  2. An insurer of motor vehicles or a representative of the insurer shall not:  (a) Knowingly recommend to an insured or a claimant, or direct an insured or a claimant to, a body shop in this State which is not licensed pursuant to NRS 487.630;   (b) Require an insured or a claimant to patronize any licensed body shop in this State in preference to another such business.  3. The provisions of this section do not require an insurer to pay more than the reasonable rate required pursuant to a policy of insurance for repairs to a motor vehicle.  4. For the purposes of this section, an insurer is entitled to rely upon the validity of the license number included by the body shop on its estimates and invoices for repairs.  (Added to NRS by 1989, 1002; A 1989, 2045; 2003, 516; 2005, 927)
NV Rev Stat § 690B.017 (2021)
2021 Nevada Revised Statutes|Chapter 690B - Casualty Insurance|NRS 690B.017 - Provisions for arbitration not binding.

No provision for arbitration contained in an automobile liability or motor vehicle liability insurance policy delivered, issued for delivery or renewed in this State is binding upon the named insured or any other person who makes a claim under the policy.  (Added to NRS by 1979, 1517)