Nev. Rev. Stat. § 687B.182

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

Section 687B.182 - Binders: Issuance; period of effectiveness

1. A binder may be issued only by a resident or nonresident agent appointed by the insurer which is to issue the policy.

2. Except as provided in subsection 3, a binder must not be effective for more than 90 days.

3. The effective period of a binder may be extended 30 days at a time with the written approval of the Commissioner.

NRS 687B.182

Added to NRS by 1983, 1120

Added to NRS by 1983, 1120