691C.270 - Insurer prohibited from requiring other credit insurance coverage with credit personal property insurance; using gross debt to determine premiums.
691C.270 Insurer prohibited from requiring other credit insurance coverage with credit personal property insurance; using gross debt to determine premiums.
1. An insurer shall not:
(a) Require the bundling of other credit insurance coverage with the purchase of credit personal property insurance; and
(b) Use gross debt in any manner to determine the premiums for credit personal property insurance.
2. A debtor must have a choice to purchase credit personal property insurance separately from other credit insurance coverage.
(Added to NRS by 2005, 2108)