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Current as of January 01, 2025 | Updated by Findlaw Staff
1. All written binders must be made on forms approved by the Commissioner.
2. A binder related to a policy of insurance which provides coverage of less than $1,000,000 must contain a statement printed in at least 10-point bold type that any person who refuses to accept the binder as proof of insurance pursuant to the provisions of NRS 687B.186 is subject to the penalties provided in that section.
3. If a binder is in writing, one copy must be delivered either in person or by mailing first class to:
(a) The insured; and
(b) The insurer providing coverage under the binder,
within 24 hours after the binder becomes effective.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 687B.183. Binders: Forms; required statement related to certain policies; delivery of copies - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-687b-183/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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