Nev. Rev. Stat. » NRS: CHAPTER 690A - CREDIT INSURANCE
Nevada Revised Statutes

Nev. Rev. Stat. § 690A.130 (2026)

Claims: Reporting to insured; maintenance by insurer; settlement; payment

✓ current as of July 2026
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NRS 690A.130  Claims: Reporting to insured; maintenance by insurer; settlement; payment.

      1.  All claims must be promptly reported to the insurer or its designated representative, and the insurer shall maintain adequate files on all reported claims. All claims must be settled as soon as practicable and in accordance with the terms of the insurance contract.

      2.  All claims must be paid by draft drawn upon the insurer, by electronic funds transfer or by check of the insurer to the order of:

      (a) The claimant to whom payment of the claim is due pursuant to the provisions of the policy; or

      (b) Any other person designated by the claimant to whom payment is due.

      3.  A plan or arrangement may not be used whereby a person other than the insurer or its designated claim representative is authorized to settle or adjust claims. The creditor may not be designated as the representative for the insurer in adjusting a claim, except that a group policyholder may, by arrangement with the group insurer, draw drafts, electronic transfers or checks in payment of claims due the group policyholder subject to the periodic audit by the insurer.

      (Added to NRS by 1971, 1776; A 1987, 2302; 2005, 2145)

     

Notes of Decisions
Cited in 1 case, 1973–1973 · leading case: Markoff v. New York Life Ins. Co., 369 F. Supp. 308 (D. Nev. 1973).
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Markoff v. New York Life Ins. Co., 369 F. Supp. 308 (D. Nev. 1973). · cites it 2× “130) and defendant’s failure to assert a lack of total disability under the waiver of premium clauses until its defense to this suit was submitted, that defendant should be equitably estopped from contesting whether plaintiff was disabled from June 1964 to the present.”
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