Nev. Rev. Stat. § 692A.041

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 692A.041 - "Premium" defined

1. "Premium" means charges for:

(a) Assuming a risk;

(b) Abstracting, searching and examining title to determine insurability; and

(c) Any other activity associated with the assumption of risk.

2. "Premium" does not include charges for:

(a) Escrow;

(b) Settlement or closing; or

(c) Other special services not associated with the assumption of risk,

whether or not they are called premiums.

NRS 692A.041

Added to NRS by 1977, 977

Added to NRS by 1977, Ch. 475, § 5, eff. 5/12/1977