Nev. Admin. Code § 690A.107

Current through June 11, 2024

Section 690A.107 - Credit life insurance: Limitation on benefits if indebtedness is repayable in substantially equal installments

If any indebtedness is repayable in substantially equal installments, the amount of the benefit provided under a policy of credit life insurance for which the premium is charged on a single premium basis must not exceed the amount financed and the premium for the policy must be calculated in accordance with subsection 2 of NAC 690A.105.

Added to NAC by Comm'r of Insurance by R145-08, eff. 9-18-2008

NRS 679B.130, 690A.277