689.295 - Prepaid contracts: Credit life insurance.

689.295  Prepaid contracts: Credit life insurance.  If the purchase price for a prepaid contract is to be paid in installments, the seller may make available to the buyer credit life insurance on a form and terms filed with and approved by the Commissioner. The buyer must be provided with a certificate of the credit insurance by the seller or as otherwise required by the Commissioner.

      (Added to NRS by 1971, 1398; A 1987, 1266)