Nev. Rev. Stat. § 691C.420
Denial of claim because debtor ineligible for coverage or misrepresented material fact; refund
Nevada · Nevada Revised Statutes Chapter 691C — Credit Personal Property Insurance · Status: effective
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- Citation
- Nev. Rev. Stat. § 691C.420, Denial of claim because debtor ineligible for coverage or misrepresented material fact; refund, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2148491
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Full text
A claim made pursuant to credit personal property insurance must not be denied more than 60 days after the initiation of coverage because the debtor was ineligible for coverage unless the debtor misrepresented a material fact. If a claim is denied within 60 days after the initiation of coverage because the debtor was ineligible for coverage or because the debtor misrepresented a material fact, the insurer shall refund to the debtor any premium paid and the creditor shall refund to the debtor any finance charge paid on the premium.