Nev. Rev. Stat. § 687A.020

Applicability

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NRS 687A.020  Applicability.  Except as otherwise provided in subsection 5 of NRS 695E.200, this chapter applies to all direct insurance, except:

      1.  Life, annuity, health or disability insurance;

      2.  Mortgage guaranty, financial guaranty or other forms of insurance offering protection against investment risks;

      3.  Fidelity or surety bonds or any other bonding obligations;

      4.  Credit insurance as defined in NRS 690A.015, vendors’ single interest insurance, collateral protection insurance or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor transaction;

      5.  Insurance of warranties or service contracts, including, without limitation, insurance that provides:

      (a) For the repair, replacement or service of goods or property;

      (b) Indemnification for the repair, replacement or service of goods or property;

      (c) Indemnification for the operational or structural failure of goods or property due to a defect in materials, workmanship or normal wear and tear; or

      (d) Reimbursement for the liability incurred by the issuer of agreements or service contracts which provide any benefits described in this subsection;

      6.  Title insurance;

      7.  Ocean marine insurance;

      8.  Any transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, which involves the transfer of investment or credit risk unaccompanied by the transfer of insurance risk; or

      9.  Any insurance provided by or guaranteed by a governmental entity.

      (Added to NRS by 1971, 1943; A 1973, 312; 1977, 434; 1987, 1333; 1993, 1396; 1995, 1773, 2057; 1997, 579; 1999, 1833; 2021, 111)

     

Notes of Decisions
Cited in 1 case, 2009–2009 · leading case: MGM Mirage v. Nevada Insurance Guaranty Ass'n
MGM Mirage v. Nevada Insurance Guaranty Ass'n (2009) nev “See NRS 687A.020. The NIGA Act created the Nevada Insurance Guaranty Association (NIGA).”
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