Nevada Revised Statutes Title 57. Insurance § 687B.186. Binders: Proof of insurance coverage; penalties for refusal to accept; exception

1. A binder which is issued in accordance with NRS 687B.182 to 687B.187, inclusive, shall be deemed a policy for the purpose of proving that a person has insurance coverage.

2. Any party to a contract or other agreement who refuses to accept such a binder as proof of insurance when that proof is required by that contract or agreement:

3. The provisions of this section do not apply to a binder related to a policy of insurance which provides coverage of at least $1,000,000.