Nev. Rev. Stat. § 691C.360

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 691C.360 - Open-end credit transactions: Rating plan required to address certain expected variance; requirements for accounts

For open-end credit transactions, the rating plan of the insurer must address, by the grouping of similar accounts, the expected variance in the ratio of goods purchased that are covered under the credit personal property insurance and goods that are not covered by that insurance. Accounts must be separated into groups that have or are expected to have a similar ratio of goods purchased that are covered under the credit personal property insurance and goods that are not covered by that insurance.

NRS 691C.360

Added to NRS by 2005, 2111
Added to NRS by 2005, 2111