reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.270 - Insurer prohibited from requiring bundling of other credit insurance coverage with purchase of credit personal property insurance or using gross debt to determine premiums.

1. An insurer shall not:
(a) Require the bundling of other credit insurance coverage with the purchase of credit personal property insurance; and
(b) Use gross debt in any manner to determine the premiums for credit personal property insurance.
2. A debtor must have a choice to purchase credit personal property insurance separately from other credit insurance coverage.
(Added to NRS by 2005, 2108)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.280 - Required disclosures.

1. Before a debtor elects to purchase credit personal property insurance in connection with a credit transaction, the following information must be disclosed to the debtor in writing:
(a) That the purchase of credit personal property insurance from the creditor is not mandatory and is not a condition for obtaining credit approval;
(b) If more than one type of credit insurance is made available to the debtor, whether the debtor may purchase credit personal property insurance separately from any other credit insurance;
(c) The conditions of eligibility;
(d) That if the debtor has other insurance that covers the risk, the debtor may not want or need credit personal property 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, extensions, limitations, perils 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 credit personal property insurance; and
(g) If the premium or charge for the insurance is financed, 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 credit personal property 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 credit personal property 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 by the creditor to the debtor.
(Added to NRS by 2005, 2108)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.290 - Offer to extend coverage for open-end credit transaction.

An offer to extend coverage for an open-end credit transaction must include, at the time of the invitation to contract, a written disclosure or, if the solicitation is made by telephone and the written disclosure is mailed to the debtor not later than 10 days after enrollment, an oral summary of the written disclosure. The written disclosure must be in not smaller than 12-point type and be in substantially the following form:
This coverage may duplicate existing coverage if you have a residential property insurance policy. It applies to any item of covered property on which you owe a debt. This coverage is primary, so it is the first source to be used in the event of a loss on property it covers. You may cancel this coverage at any time by calling the insurer during business hours at the telephone number provided to you or by writing to the insurer. We are charging you a premium that may be based on subjects for which a claim cannot be made, such as services, meals or other consumables, entertainment, finance or service fees, loan interest, delivery charges or other insurance premiums.
(Added to NRS by 2005, 2109)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.300 - Individual policy or certificate of insurance: Required as proof of insurance; contents; required statement for insurance related to open-end credit.

1. All credit personal property insurance must be evidenced by an individual policy or a certificate of insurance that is delivered to the debtor.
2. The individual policy or certificate of insurance 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 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 or to repair or replace the property and that if the benefits exceed the unpaid debt, any excess benefit must be paid to the debtor;
(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; and
(g) If the policy is related to open-end credit, a statement that the debtor will, at least once each year, receive the statement as required pursuant to subsection 3.
3. For credit personal property insurance related to open-end credit, the creditor must provide to the debtor at least once each year with the account statement a statement in the following form in at least 12-point type:
You are paying a premium for credit personal property insurance based on the outstanding balance of this account. You may cancel this coverage at any time by calling the insurer during business hours at the telephone number provided to you or by writing to the insurer. You are being charged a premium that may be based on subjects for which a claim cannot be made, such as services, meals or other consumables, entertainment, finance or service fees, loan interest, delivery charges or other insurance premiums.
(Added to NRS by 2005, 2109)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.310 - Individual policy or certificate of insurance: Delivery.

1. Except as otherwise provided in subsection 2, the individual policy or certificate of insurance must be delivered to the debtor upon acceptance of the insurance by the insurer.
2. An individual policy or certificate of insurance made in connection with an open-end credit agreement or any credit personal property insurance requested by the debtor after the date the debt is incurred must be delivered to the debtor not more than 30 days after the debtor requested the insurance.
(Added to NRS by 2005, 2110)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.320 - Policies, forms and schedules: Filing; approval; withdrawal of approval.

1. Except as otherwise provided in NRS 691C.330 and 691C.340, 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 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, 2110)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.330 - Adoption of forms by regulation; election of use of forms by insurer.

1. The Commissioner may adopt by regulation forms for use in the issuance of credit personal property insurance, including applications, policies, forms for claims and any other forms required for the sale, issuance and administration of credit personal property 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 691C.320.
(Added to NRS by 2005, 2111)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.340 - Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations.

The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 691C.320. In establishing such rates, the Commissioner shall consider and apply the following factors:
1. Actual and expected loss experience;
2. General and administrative expenses;
3. Loss settlement and adjustment expenses;
4. Reasonable creditor compensation;
5. The manner in which premiums are charged;
6. Other acquisition costs;
7. Reserves;
8. Taxes;
9. Regulatory license fees and fund assessments;
10. Reasonable insurer profit; and
11. Other relevant data consistent with generally accepted actuarial standards.
(Added to NRS by 2005, 2111; A 2017, 2383)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.350 - Approved rates: Period of effectiveness; timing of filing; filing of revised schedule of premium rates.

Except as otherwise provided in NRS 691C.340:
1. A rate that has been filed and approved pursuant to NRS 691C.320 is effective for a period not to exceed 3 years after the date of approval. The insurer shall file a rate for approval before the expiration of the 3-year period. The insurer may file a rate for approval at any time before the expiration of the 3-year period.
2. If an insurer revises its schedule of premium rates, the insurer shall file the revised schedule with the Commissioner pursuant to NRS 691C.320. An insurer shall not issue credit personal property insurance for which the premium rates exceed the rates determined by the schedule approved by the Commissioner.
(Added to NRS by 2005, 2111)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.360 - Open-end credit transactions: Rating plan required to address certain expected variance; requirements for accounts.

For open-end credit transactions, the rating plan of the insurer must address, by the grouping of similar accounts, the expected variance in the ratio of goods purchased that are covered under the credit personal property insurance and goods that are not covered by that insurance. Accounts must be separated into groups that have or are expected to have a similar ratio of goods purchased that are covered under the credit personal property insurance and goods that are not covered by that insurance.
(Added to NRS by 2005, 2111)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.370 - Report of credit personal property insurance by insurer: Filing; preparation.

Each year, not later than the date specified in the
Instructions to the Annual Statement
published by the National Association of Insurance Commissioners, an insurer doing business in this State shall file with the Commissioner and the National Association of Insurance Commissioners a report of credit personal property insurance written on the basis of a calendar year. The report must be prepared using the Credit Insurance Supplement-Annual Statement Blank approved by the National Association of Insurance Commissioners and must contain separate data for each state.
(Added to NRS by 2005, 2112)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.380 - Transfers to unauthorized insurer.

1. Except as otherwise provided in subsection 2, an authorized insurer issuing credit personal property insurance may not enter into any agreement whereby the authorized insurer transfers, by reinsurance or otherwise, to an unauthorized insurer, as they relate to credit personal property insurance written or issued in this State:
(a) A substantial portion of the risk of loss under the credit personal property insurance written by the authorized insurer in this State;
(b) All of one or more kinds, lines, types or classes of credit personal property insurance;
(c) All of the credit personal property insurance produced through one or more agents, agencies or creditors;
(d) All of the credit personal property insurance written or issued in a designated geographical area; or
(e) All of the credit personal property 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 credit personal property 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 2005, 2112)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.390 - Refund of unearned premiums upon cancellation; approval of refund formula.

1. Each individual policy or certificate of insurance must provide for a refund of unearned premiums if the credit personal property 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 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, 2113; A 2017, 2383)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.400 - Claims.

1. All claims must be promptly reported to the insurer or its designated claim 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.
(Added to NRS by 2005, 2113)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.410 - Settlement or adjustment of claims.

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 claims, except that a group policyholder may, by arrangement with the group insurer, draw drafts or checks in payment of claims due the group policyholder subject to the periodic audit by the insurer.
(Added to NRS by 2005, 2113)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.420 - Denial of claim because debtor ineligible for coverage or misrepresented material fact; refund.

A claim made pursuant to credit personal property insurance must not be denied more than 60 days after the initiation of coverage because the debtor was ineligible for coverage unless the debtor misrepresented a material fact. If a claim is denied within 60 days after the initiation of coverage because the debtor was ineligible for coverage or because the debtor misrepresented a material fact, the insurer shall refund to the debtor any premium paid and the creditor shall refund to the debtor any finance charge paid on the premium.
(Added to NRS by 2005, 2113)
2023 Nevada Revised Statutes › Chapter 691C - Credit Personal Property Insurance › NRS 691C.440 - Administrative fines; revocation, suspension or limitation of license or certificate of authority.

In addition to any other penalty provided by law, a person who violates a provision of this chapter or a final order of or a regulation adopted by the Commissioner pursuant to this chapter, after notice and a hearing, upon order of the Commissioner is subject to:
1. The imposition of an administrative fine not to exceed $5,000 per violation, or $10,000 per violation if the Commissioner determines that the violation was willful; and
2. Revocation, suspension or limitation of the license or certificate of authority held by the person.
(Added to NRS by 2005, 2113)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.070 - "Portable electronics insurance" defined.

1. "Portable electronics insurance" means insurance which provides coverage for the repair or replacement of portable electronics and which may cover portable electronics against loss, theft, inoperability due to mechanical failure, malfunction, accidental damage or other similar perils in accordance with the terms of the policy.
2. The term does not include:
(a) A service contract governed by chapter 690C of NRS;
(b) A maintenance agreement;
(c) A warranty;
(d) A policy of homeowners’ insurance, renter’s insurance or motor vehicle insurance; or
(e) A policy of property or casualty insurance for business and commercial risks.
(Added to NRS by 2011, 2023)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.090 - "Vendor" defined.

"Vendor" means a person who, directly or indirectly, engages in the business of:
1. The sale or lease of portable electronics by the vendor to a customer; or
2. The sale of a service related to the use of portable electronics by the vendor to a customer.
(Added to NRS by 2011, 2023)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.100 - "Warranty" defined.

"Warranty" means a warranty provided solely by a manufacturer, importer or seller of goods for which the manufacturer, importer or seller did not receive separate consideration and that:
1. Is not negotiated or separated from the sale of the goods;
2. Is incidental to the sale of the goods; and
3. Guarantees to indemnify the consumer for defective parts, mechanical or electrical failure, labor or other remedial measures required to repair or replace the goods.
(Added to NRS by 2011, 2023)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.200 - License required to sell or offer portable electronics insurance; contents of application; maintenance of schedule of business locations by licensee required.

1. A vendor shall not sell or offer coverage under a policy of portable electronics insurance unless the vendor holds a license as a producer of insurance in portable electronics insurance as a limited line issued by the Commissioner pursuant to NRS 683A.261 or 683A.271.
2. In addition to the information required pursuant to NRS 683A.251, an application for a license as a producer of insurance in portable electronics insurance must include:
(a) A schedule which identifies each location at which the vendor does business; and
(b) The physical address of the home office of the vendor.
3. A natural person who is designated by a vendor pursuant to paragraph (b) of subsection 2 of NRS 683A.251 is not required to be a principal, officer or employee of the vendor.
4. A vendor who is licensed as a producer of insurance in portable electronics insurance shall maintain the schedule described in paragraph (a) of subsection 2 and make the schedule available for inspection by the Commissioner upon request.
(Added to NRS by 2011, 2023)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.210 - Issuance or renewal of license for nonresident: Conditions.

The Commissioner may issue or renew a license as a producer of insurance in portable electronics insurance as a limited line pursuant to NRS 683A.261 or 683A.271 to an applicant who is not a resident of Nevada, including, without limitation, a resident of Canada:
1. Before July 1, 2014, if:
(a) The jurisdiction in which the applicant resides or in which the applicant maintains his or her principal place of business does not provide for the issuance of a license as a producer of insurance in portable electronics insurance as a limited line; and
(b) The applicant meets all other requirements for licensure.
2. On or after July 1, 2014, if:
(a) The jurisdiction in which the applicant resides or in which the applicant maintains his or her principal place of business does not provide for the issuance of a license as a producer of insurance in portable electronics as a limited line;
(b) The applicant is issued a license as a producer of insurance for property and casualty insurance in this State pursuant to NRS 683A.261; and
(c) The applicant meets all other requirements for licensure.
(Added to NRS by 2011, 2023)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.220 - Employee or authorized representative of licensee authorized to sell or offer portable electronics insurance without license under certain circumstances; restrictions; compensation.

1. Notwithstanding any other provision of law, an employee or authorized representative of a vendor that holds a license as a producer of insurance in portable electronics insurance issued by the Commissioner pursuant to NRS 683A.261 or 683A.271 may, without a license issued by the Commissioner, sell or offer coverage under a policy of portable electronics insurance at any location at which the vendor does business if:
(a) The employee or authorized representative of the vendor sells or offers coverage under a policy of portable electronics insurance only on behalf of, and under the supervision of, the vendor; and
(b) Before the employee or authorized representative of the vendor sells or offers coverage under a policy of portable electronics insurance, he or she completes a program of training provided by the vendor pursuant to NRS 691D.300.
2. An employee or authorized representative of a vendor who sells or offers coverage under a policy of portable electronics insurance pursuant to this section shall not advertise, represent or otherwise hold himself or herself out as a licensed producer of insurance unless the person is licensed as a producer of insurance.
3. An employee or authorized representative of a vendor who offers to a customer coverage under a policy of portable electronics insurance pursuant to this section and enrolls the customer under the policy may receive from the vendor compensation that is:
(a) Incidental to the overall compensation received by the employee or authorized representative of the vendor; and
(b) Relating to the offering of the coverage and the enrolling of the customer under the policy of portable electronics insurance.
(Added to NRS by 2011, 2024; A 2017, 4005)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.300 - Policy of portable electronics insurance: Delivery; coverage; standards for coverage; supervising entity; training for employees and authorized representatives.

1. An authorized insurer may deliver or issue for delivery in this State a policy of portable electronics insurance as a group or master inland marine policy issued to a vendor. A vendor may provide coverage for portable electronics under the policy to customers who elect to enroll under the policy. The policy may be offered on a month-to-month or other periodic basis. Notwithstanding the provisions of any law to the contrary, each rate for a policy of portable electronics insurance must be filed with the Commissioner pursuant to chapter 686B of NRS.
2. An insurer that issues a group policy of portable electronics insurance to a vendor shall:
(a) Establish reasonable eligibility and underwriting standards for customers who elect to enroll under the vendor’s policy of portable electronics insurance.
(b) Appoint a supervising entity to oversee the vendor’s sales and enrollment activities under the vendor’s policy of portable electronics insurance.
3. A supervising entity appointed pursuant to this section must develop and conduct a training program for the employees and authorized representatives of the vendor who sell or offer coverage under the vendor’s policy of portable electronics insurance. The training program must include, without limitation, basic instruction concerning:
(a) The coverage that is available to customers who enroll under the vendor’s policy of portable electronics insurance; and
(b) The disclosures required by NRS 691D.310.
4. The supervising entity may provide the basic instruction required by subsection 3 in electronic form if the supervising entity provides supplemental education that is conducted and overseen by a licensed employee of the supervising entity.
5. The supervising entity shall ensure that each employee and authorized representative of a vendor completes the training program required by subsection 3 before selling or offering to sell coverage under the vendor’s policy of portable electronics insurance.
(Added to NRS by 2011, 2024)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.310 - Vendor required to provide written disclosures to prospective customers; vendor required to file policy form with Commissioner before use.

1. A vendor shall make available to a prospective customer, at each location where the vendor sells or offers coverage under a policy of portable electronics insurance, a printed brochure or other written material concerning the coverage available under the policy of portable electronics insurance. The written material must:
(a) Disclose that coverage under a policy of portable electronics insurance may duplicate coverage already provided to the customer by a policy of property insurance or other source of coverage;
(b) State that the customer is not required to enroll for coverage under the vendor’s policy of portable electronics insurance as a condition of the purchase or lease of any portable electronics or related services;
(c) Summarize the material terms of the coverage provided under the policy of portable electronics insurance, including:
(1) The identity of the insurer;
(2) The identity of the supervising entity;
(3) The amount of any applicable deductible and how it is to be paid;
(4) Benefits of the coverage; and
(5) Key terms and conditions of the coverage, including, without limitation, whether portable electronics may be repaired or replaced with a similar make and model that has been reconditioned or with nonoriginal manufacturer parts or equipment;
(d) Summarize the process for filing a claim, including a description of how to return portable electronics and the maximum fee applicable if the enrolled customer fails to comply with any equipment return requirements; and
(e) State that the enrolled customer may cancel his or her enrollment for coverage under the policy of portable electronics insurance at any time and, in the event of such cancellation, the person paying the premium for the coverage will receive a refund of any applicable unearned premium.
2. The printed brochure or other written material that a vendor is required to make available to a prospective customer in accordance with subsection 1 need not be:
(a) Filed with the Commissioner; or
(b) Approved by the Commissioner.
3. An insurer must file a portable electronics insurance policy form, including any certificate of coverage, with the Commissioner not later than 15 days before the use of the form by the insurer.
(Added to NRS by 2011, 2025; A 2013, 1263)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.320 - Billing and collection of charges by vendor authorized; itemization of charges in certain circumstances; disclosure to customer if coverage included with purchase or lease; accounting and status of money received by vendor; compensation of vendor for billing and collection services.

1. If a customer purchases a policy of portable electronics insurance from a vendor or elects to enroll in coverage under the vendor’s policy of portable electronics insurance, the vendor may bill and collect the charges for the portable electronics insurance coverage.
2. Any charge to the customer for portable electronics insurance coverage that is not included in the cost associated with the purchase or lease of portable electronics or related services must be separately itemized on the customer’s bill.
3. If portable electronics insurance coverage is included with the purchase or lease of portable electronics or related services, the vendor must clearly and conspicuously disclose to the customer that the portable electronics insurance coverage is included with the purchase of the portable electronics or related services.
4. A vendor which bills and collects charges for portable electronics insurance coverage on behalf of an insurer is not required to maintain such money in a segregated account if the vendor:
(a) Is authorized by the insurer to hold such money in an alternative manner; and
(b) Remits such amounts to the supervising entity within 60 days after receipt.
All money collected by a vendor from an enrolled customer for the sale of portable electronics insurance shall be deemed to be held in trust by the vendor in a fiduciary capacity for the benefit of the insurer, and the insurer shall be deemed to have received the premium from the enrolled customer upon payment of the premium by the enrolled customer to the vendor. A vendor is entitled to receive compensation for billing and collection services.
(Added to NRS by 2011, 2026; A 2013, 1263)
2023 Nevada Revised Statutes › Chapter 691D - Portable Electronics Insurance › NRS 691D.510 - Administrative fines; suspension of privilege of vendor, employee or authorized representative to sell or offer portable electronics insurance; suspension or revocation of license.

If a vendor or an employee or authorized representative of a vendor violates any provision of this chapter or an order or regulation of the Commissioner issued or adopted pursuant thereto, the Commissioner may, after notice and an opportunity for a hearing:
1. Impose an administrative fine pursuant to NRS 683A.461 for each violation, which must not exceed $50,000 in the aggregate;
2. Suspend a vendor’s privilege of engaging in the sale or offering of coverage under a policy of portable electronics insurance at a particular location where the vendor does business;
3. Suspend or revoke the privilege of an employee or authorized representative of a vendor to sell or offer coverage under a policy of portable electronics insurance; or
4. Suspend or revoke the license issued by the Commissioner to the vendor as a licensed producer of insurance.
(Added to NRS by 2011, 2027)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.020 - "Aggregator site" defined.

"Aggregator site" means an Internet website that provides access to information regarding insurance products from more than one insurer, including, without limitation, information about the insurance products and the insurers offering the insurance products, for use in comparison shopping.
(Added to NRS by 2023, 3270)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.030 - "Blanket travel insurance" defined.

"Blanket travel insurance" means a policy of group travel insurance issued to an eligible group that provides coverage for all members of the eligible group or for specific classes within the eligible group defined in the policy with coverage provided to all members of the eligible group or specific class without a separate charge to any individual member of the eligible group or specific class.
(Added to NRS by 2023, 3270)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.040 - "Cancellation fee waiver" defined.

"Cancellation fee waiver" means a contractual arrangement between a supplier of travel services and a purchaser of such services to waive any provision of the underlying contract for travel services which imposes a nonrefundable cancellation fee, with or without regard to the reason for the cancellation or the form of reimbursement.
(Added to NRS by 2023, 3270)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.060 - "Fulfillment materials" defined.

"Fulfillment materials" means documentation provided or sent to the purchaser of a travel protection plan that confirms the purchase of the plan and provides information regarding the travel insurance coverage, travel assistance services and cancellation fee waivers, as applicable.
(Added to NRS by 2023, 3271)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.140 - "Travel administrator" defined.

1. "Travel administrator" means a person who directly or indirectly underwrites, collects charges, collateral or premiums from or adjusts or settles claims of, residents of this State in connection with travel insurance.
2. The term does not include:
(a) A person working for a travel administrator to the extent that the activities of the person are subject to the supervision and control of the travel administrator.
(b) A licensed producer of insurance selling insurance or engaged in administrative activities and activities relating to claims that are within the scope of his or her license.
(c) A travel retailer who is listed on the register maintained by a producer of limited lines travel insurance pursuant to NRS 691E.220 and who offers and disseminates travel insurance under the license of a producer of limited lines travel insurance in accordance with the provisions of this chapter.
(d) A person adjusting or settling claims in the normal course of his or her practice or employment as an attorney who does not collect charges or premiums in connection with travel insurance coverage.
(e) A person who is affiliated with a licensed insurer while acting as a travel administrator for the direct and assumed insurance business of the insurer.
(Added to NRS by 2023, 3272)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.150 - "Travel assistance services" defined.

1. "Travel assistance services" means services that are furnished in connection with planned travel, the provision of which does not result in the transfer or shifting of risk that would constitute the business of insurance, and for which the purchaser is not indemnified based on a fortuitous event.
2. The term includes, without limitation, security advisories, destination information, vaccination and immunization information services, travel reservation services, entertainment, activity and event planning, translation assistance, emergency messaging, international legal and medical referrals, medical case monitoring, coordination of transportation arrangements, emergency cash transfer assistance, medical prescription replacement assistance, passport and travel document replacement assistance, lost luggage assistance, concierge services and any other service furnished in connection with planned travel that meets the conditions set forth in subsection 1.
(Added to NRS by 2023, 3272)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.160 - "Travel insurance" defined.

1. "Travel insurance" means insurance coverage for personal risks incident to planned travel, including, without limitation:
(a) Interruption or cancellation of a trip or event;
(b) Loss of baggage or personal effects;
(c) Damages to accommodations or rental vehicles;
(d) Sickness, accident, disability or death occurring during travel;
(e) Emergency evacuation;
(f) Repatriation of remains; or
(g) Any other contractual obligation to indemnify or pay a specified amount to the traveler upon determinable contingencies related to travel that is approved by the Commissioner.
2. The term does not include:
(a) Travel assistance services;
(b) A cancellation fee waiver;
(c) A major medical plan that provides comprehensive medical protection for a traveler on a trip lasting longer than 6 months, including, without limitation, a traveler who is working or residing overseas as an expatriate; or
(d) Any other product that a person is prohibited from selling, soliciting or negotiating unless the person holds a specific license as a producer of insurance.
(Added to NRS by 2023, 3272)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.170 - "Travel protection plan" defined.

"Travel protection plan" means a product that provides:
1. Travel insurance;
2. Travel assistance services;
3. A cancellation fee waiver; or
4. Any combination of the items described in subsections 1, 2 and 3.
(Added to NRS by 2023, 3273)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.180 - "Travel retailer" defined.

"Travel retailer" means a person that makes, arranges or offers travel services and, as a service to the customers of the person, may offer and disseminate travel insurance on behalf of, and under the direction of, a producer of limited lines travel insurance.
(Added to NRS by 2023, 3273)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.190 - Applicability of chapter.

1. The provisions of this chapter apply to:
(a) Travel insurance that covers any resident of this State and is sold, solicited, negotiated or offered in this State; and
(b) Policies and certificates of travel insurance that are delivered or issued for delivery in this State.
2. A cancellation fee waiver or travel assistance services do not constitute insurance and, except as otherwise expressly provided in this chapter, the provisions of this chapter do not apply to a cancellation fee waiver or travel assistance services.
(Added to NRS by 2023, 3273)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.200 - Acting as producer of limited lines travel insurance without license prohibited; exception; issuance of license.

1. Except as otherwise provided in NRS 691E.210, a person shall not act as a producer of limited lines travel insurance unless the person is licensed pursuant to this section.
2. In accordance with the provisions of NRS 683A.201 to 683A.370, inclusive, the Commissioner may issue a license as a producer of limited lines travel insurance to a person who has filed an application with the Commissioner.
3. A license issued pursuant to this section authorizes the holder of the license to sell, solicit or negotiate travel insurance on behalf of a licensed insurer.
(Added to NRS by 2023, 3273)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.210 - Producer of insurance licensed for certain lines of authority not required to obtain license or be appointed by insurer to act as producer of limited lines travel insurance.

1. A producer of insurance who is licensed for a line of authority specified in paragraphs (a) to (e), inclusive, or (g) of subsection 1 of NRS 683A.261 may act as a producer of limited lines travel insurance and sell, solicit or negotiate travel insurance pursuant to this chapter without obtaining a license as a producer of limited lines travel insurance issued pursuant to NRS 691E.200.
2. A producer of insurance who is licensed for the lines of authority specified in paragraphs (c) and (d) of subsection 1 of NRS 683A.261 is not required to be appointed by an insurer to act as a producer of limited lines travel insurance and sell, solicit or negotiate travel insurance pursuant to this chapter.
(Added to NRS by 2023, 3275)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.220 - Producer of limited lines travel insurance required to establish, maintain and update register of travel retailers; submission of copy of register to Commissioner; required certification.

1. Each producer of limited lines travel insurance shall, at the time of licensure, establish and maintain a register, on a form and in a manner prescribed by the Commissioner, which includes a list of each travel retailer that offers and disseminates travel insurance on behalf of the producer of limited lines travel insurance. The register must include, without limitation:
(a) The name, address and contact information of the travel retailer;
(b) The name, address and contact information of an officer or person who directs or controls the operations of the travel retailer; and
(c) The federal tax identification number of the travel retailer.
2. The producer of limited lines travel insurance shall:
(a) Maintain and regularly update the register; and
(b) Submit a copy of the register to the Commissioner upon reasonable request.
3. A producer of limited lines travel insurance shall certify that each travel retailer listed on the register complies with the provisions of 18 U.S.C. § 1033.
(Added to NRS by 2023, 3274)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.230 - Acting as travel retailer without being listed on register of producer of limited lines travel insurance prohibited; conditions under which travel retailer authorized to offer and disseminate travel insurance.

1. A person shall not act as a travel retailer unless the person is listed on the register maintained by a producer of limited lines travel insurance pursuant to NRS 691E.220.
2. A travel retailer may offer and disseminate travel insurance under the license of a producer of limited lines travel insurance issued pursuant to NRS 691E.200 if the following conditions are met:
(a) The producer of limited lines travel insurance or travel retailer provides to each purchaser of travel insurance:
(1) A description of the material terms, or the actual material terms, of the travel insurance coverage;
(2) A description of the process for filing a claim;
(3) A description of the review or cancellation process for the policy of travel insurance; and
(4) The identity and contact information of the insurer and the producer of limited lines travel insurance;
(b) The travel retailer is listed on the register maintained by the producer of limited lines travel insurance pursuant to NRS 691E.220;
(c) The producer of limited lines travel insurance has designated a natural person who is employed by the producer of limited lines travel insurance and who is a licensed producer of insurance to be responsible for the compliance of the producer of limited lines travel insurance with the provisions of this title and any rules and regulations adopted pursuant thereto;
(d) The person designated pursuant to paragraph (c), the officers of the producer of limited lines travel insurance and any other person who directs or controls the insurance operations of the producer of limited lines travel insurance have complied with any requirements relating to fingerprinting which are applicable to producers of insurance in the home state of the producer of limited lines travel insurance;
(e) The producer of limited lines travel insurance has paid all licensing fees applicable to a producer of insurance pursuant to chapter 683A of NRS; and
(f) The producer of limited lines travel insurance requires each employee and authorized representative of the travel retailer whose duties include offering and disseminating travel insurance to receive a program of instruction or training.
3. A program of instruction or training described in paragraph (f) of subsection 2 is subject to review and approval by the Commissioner. The training materials provided as part of such a program must, at a minimum, contain adequate instructions on the types of travel insurance offered, ethical sales practices and required disclosures to prospective purchasers.
(Added to NRS by 2023, 3273)
2023 Nevada Revised Statutes › Chapter 691E - Travel Insurance › NRS 691E.240 - License or registration required to act as travel administrator; responsibilities and duties of insurer with respect to travel administrator; travel administrator required to make certain books and records available to Commissioner.

1. Notwithstanding any other provision of this title, a person shall not act or represent himself or herself as a travel administrator in this State unless the person holds a:
(a) License as a producer of insurance issued by the Commissioner pursuant to NRS 683A.261 or 683A.271 for a line of authority specified in paragraph (c) or (d) of subsection 1 of NRS 683A.261;
(b) License as a managing general agent issued by the Commissioner pursuant to NRS 683A.160; or
(c) Certificate of registration as an administrator issued by the Commissioner pursuant to NRS 683A.08524.
2. An insurer is responsible for:
(a) The acts of a travel administrator administering travel insurance underwritten by the insurer; and
(b) Ensuring that the travel administrator maintains all books and records relevant to the insurer.
3. A travel administrator shall make available to the Commissioner upon request the books and records described in paragraph (b) of subsection 2.
(Added to NRS by 2023, 3277)