As used in NRS 683A.181 to 683A.189, inclusive, unless the context otherwise requires, the words and terms defined in NRS 683A.1815 to 683A.1837, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2019, 1221)
“Facility” has the meaning ascribed to it in NRS 108.4733. (Added to NRS by 2019, 1221)
“Occupant” has the meaning ascribed to it in NRS 108.4735. (Added to NRS by 2019, 1221)
“Owner” has the meaning ascribed to it in NRS 108.474. (Added to NRS by 2019, 1221)
“Personal property” has the meaning ascribed to it in NRS 108.4743. (Added to NRS by 2019, 1221)
“Personal property storage insurance” means insurance coverage described in paragraphs (a) and (b) of subsection 1 of NRS 683A.1855. (Added to NRS by 2019, 1221)
“Rental agreement” has the meaning ascribed to it in NRS 108.4745. (Added to NRS by 2019, 1221)
“Storage space” has the meaning ascribed to it in NRS 108.4746. (Added to NRS by 2019, 1221)
“Supervising entity” means a business or entity that is an authorized insurer or producer of property and casualty insurance. (Added to NRS by 2019, 1221)
1. The Commissioner shall: (a) Prescribe the forms for an owner to apply initially for a license and to renew a license; and (b) Adopt such regulations as are necessary to carry out the provisions of NRS 683A.181 to 683A.189, inclusive. 2. The Commissioner may establish by regulation: (a) An initial application fee to be […]
1. The Commissioner may issue to an owner who is in compliance with the requirements of NRS 683A.181 to 683A.189, inclusive, and any regulations adopted pursuant thereto, a license to offer, sell, solicit or negotiate personal property storage insurance pursuant to NRS 683A.181 to 683A.189, inclusive, to occupants who have entered into a rental agreement […]
An applicant for, or holder of, a license issued pursuant to NRS 683A.1845 is not required to pass a written examination or meet any prelicensing education or continuing education requirements to receive or renew the license. (Added to NRS by 2019, 1222)
1. A licensee may offer, sell, solicit or negotiate personal property storage insurance only in connection with a rental agreement only as individual coverage for an individual occupant or group coverage for one or more occupants of the facility. A licensee is only authorized to provide to such occupants personal property storage insurance coverage for […]
A licensee shall not offer, sell, solicit or negotiate personal property storage insurance unless the licensee makes readily available to the occupant or prospective occupant written or electronic materials that contain: 1. The actual terms of the insurance coverage, or a summary of the terms of the insurance coverage, including, without limitation, the identity of […]
If insurance covering the losses described in paragraphs (a) and (b) of subsection 1 of NRS 683A.1855 is required as a condition of a rental agreement, that requirement may be satisfied by an occupant or a prospective occupant: 1. Purchasing personal property storage insurance from the licensee; or 2. Presenting to the owner of the […]
1. If a customer purchases personal property storage insurance from the licensee, the licensee may bill and collect the charges for the personal property storage insurance. 2. A licensee which bills and collects charges for personal property storage insurance coverage on behalf of an insurer is not required to maintain such money in a segregated […]
A licensee may authorize an employee or other authorized representative of the licensee to act individually on behalf of or under the supervision of the licensee who offers or disseminates information with respect to personal property storage insurance specified in NRS 683A.1855 to 683A.189, inclusive. (Added to NRS by 2019, 1223)
Each licensee shall provide a training program, which may be provided by a supervising entity, in which employees and authorized representatives of the licensee shall receive basic instruction about the requirements of NRS 683A.181 to 683A.189, inclusive, and the coverage to be offered for purchase by occupants or prospective occupants. (Added to NRS by 2019, […]
A licensee shall not advertise, represent or otherwise hold itself or any of its employees out as a licensed insurer. (Added to NRS by 2019, 1223)
The supervising entity designated by the insurer is responsible for the acts of each licensee and shall use every reasonable means to ensure compliance by the licensee, or employee or authorized representative of the licensee, with the provisions of NRS 683A.1855 to 683A.189, inclusive, and any regulations adopted pursuant thereto. (Added to NRS by 2019, […]
