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)