Nevada Revised Statutes Title 57. Insurance § 691C.090. “Creditor-placed insurance” defined

1. According to the terms of the credit agreement as a result of the debtor's failing to provide required insurance, the cost for which is charged to the debtor; and

2. For coverage against loss, expense or damage to personal property used as collateral as a result of fire, theft, collision or other risk of loss that would impair the interest of the creditor or adversely affect the value of the collateral.