Nevada Administrative Code
Chapter 683A - Persons Involved in Sale or Administration of Insurance
LICENSING OF BANKS
Section 683A.089 - "Credit property insurance" defined
Universal Citation: NV Admin Code 683A.089
Current through September 16, 2024
"Credit property insurance" means insurance which provides for payment of:
1. The outstanding balance of a loan if the property given as security for the loan is destroyed; or
2. The cost of repairing the property given as security for the loan up to the amount of the outstanding balance of the loan.
Added to NAC by Comm'r of Insurance, eff. 1-19-84
NRS 679B.130, 683A.231
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