“Automated claims adjudication system” means a preprogrammed computer system which:
1. Is designed for the collection, data entry, calculation and final resolution of claims arising under an insurance contract for portable electronic insurance coverage;
2. Is used by a licensed adjuster, licensed agent or person supervised by a licensed adjuster or licensed agent; and
3. Complies with the requirements of this Code concerning the payment of claims.
(Added to NRS by 2011, 1017)