Credit personal property insurance sold in conjunction with closed-end credit transaction: Insurer prohibited from issuing or selling certain insurance.
Nev. Rev. Stat. § 691C.250
in effectFor credit personal property insurance sold in conjunction with a closed-end credit transaction, an insurer shall not:
1. Issue credit personal property insurance unless the amount financed exceeds $300;
2. Issue credit personal property insurance in an amount that exceeds the amount of the underlying credit transaction; and
3. Sell credit personal property insurance with a term that exceeds the scheduled term of the underlying credit transaction.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-691C.htmlFetched: 10/4/2026