Nevada Administrative Code
Chapter 687B - Contracts of Insurance
CANCELLATION OF POLICIES
Section 687B.520 - Refunds to third parties

Universal Citation: NV Admin Code 687B.520

Current through February 27, 2024

1. All forms used by an agent broker, solicitor, company or any other person, partnership or corporation, for the purpose of obtaining authorization from an insured to cancel an existing insurance policy or policies, which authorize the payment of the unearned premium to anyone other than the insured, shall state in the heading or title of the form, in 14-point type or larger:

Authorization for Insurance Cancellation and Payment of Return Premium to a Third Party.

2. No form may be used for that purpose unless the title calls the attention of the insured to the fact that the insured is signing away his or her interest in the unearned premium to a third person.

Comm'r of Insurance, PC-15, eff. 9-23-72

NRS 679B.130

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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