NRS692A.041. “Premium” defined.

Latest version.

      1. “Premium” means charges for:

      (a) Assuming a risk;

      (b) Abstracting, searching and examining title to determine insurability; and

      (c) Any other activity associated with the assumption of risk.

      2. “Premium” does not include charges for:

      (a) Escrow;

      (b) Settlement or closing; or

      (c) Other special services not associated with the assumption of risk, whether or not they are called premiums.

(Added to NRS by 1977, 977)

                    
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