Builders warranty defined.
Nev. Rev. Stat. § 40.607
in effectBuilders warranty means a warranty issued or purchased by or on behalf of a contractor for the protection of a claimant. The term:
1. Includes a warranty contract issued by or on behalf of a contractor whose liability pursuant to the warranty contract is subsequently insured by a risk retention group that operates in compliance with chapter 695E of NRS and insures all or any part of the liability of a contractor for the cost to repair a constructional defect in a residence.
2. Does not include a policy of insurance for home protection as defined in NRS 690B.100 or a service contract as defined in NRS 690C.080 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-040.htmlFetched: 10/4/2026