Nev. Rev. Stat. § 683A.186

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 683A.186 - Licensee required to make certain written or electronic materials available to occupant or prospective occupant

A licensee shall not offer, sell, solicit or negotiate personal property storage insurance unless the licensee makes readily available to the occupant or prospective occupant written or electronic materials that contain:

1. The actual terms of the insurance coverage, or a summary of the terms of the insurance coverage, including, without limitation, the identity of the supervising entity.
2. A conspicuous disclosure that the insurance may provide a duplication of coverage already provided by an existing policy of insurance.
3. A description of the process for filing a claim in the event the occupant elects to purchase coverage and experiences a covered loss.
4. Information regarding the price, deductible, benefits, exclusions, conditions and any other limitations of the insurance.
5. A statement that the purchase by the occupant of personal property storage insurance from the licensee is not required to rent storage space.
6. A statement that the licensee is not authorized to evaluate the adequacy of any existing insurance coverage of the occupant, unless the licensee is otherwise licensed to perform such an evaluation.
7. A statement that the occupant may cancel the insurance at any time, and any unearned premium must be refunded in accordance with applicable law.

NRS 683A.186

Added to NRS by 2019, 1222
Added by 2019, Ch. 220,§15, eff. 7/1/2020.