Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER691C. Credit Personal Property Insurance |
NRS691C.170. “Incurred losses” defined.
Latest version.
- “Incurred losses” means total claims and claim adjustment expenses paid during the experience period plus any change in claim and claim adjustment expense reserves.
(Added to NRS by 2005, 2107)