NRS686A.330. Definitions.

Latest version.

As used in NRS 686A.330 to 686A.520, inclusive, unless the context otherwise requires:

1. “Agreement” means a contract between a person and an insured or prospective insured under which the person agrees to pay a premium in advance on behalf of the insured or prospective insured in exchange for repayment of the amount advanced with interest or for some other consideration.

2. “Company” means a person engaged in the business of entering into agreements or purchasing agreements. The term does not include a person who finances a premium in connection with the sale of a motor vehicle upon which the person holds a lien.

(Added to NRS by 1985, 1153; A 1993, 2394; 1995, 1622)

                    
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