Nev. Admin. Code § 683A.089

Current through October 11, 2024

Section 683A.089 - "Credit property insurance" defined

"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.

Nev. Admin. Code § 683A.089

Added to NAC by Comm'r of Insurance, eff. 1-19-84

NRS 679B.130, 683A.231