A provider shall not issue, sell or offer for sale service contracts in this state unless the provider has been issued a certificate of registration pursuant to the provisions of this chapter. (Added to NRS by 1999, 3336)
A person is a controlling person of a provider if the person: 1. Is an officer of the provider; or 2. Possesses the authority to set the policy and direct the management of the business entity in connection with its service contract business. (Added to NRS by 2017, 2379)
1. A provider who wishes to issue, sell or offer for sale service contracts in this state must submit to the Commissioner: (a) A registration application on a form prescribed by the Commissioner; (b) Proof that the provider has complied with the requirements for financial security set forth in NRS 690C.170; (c) A copy of […]
1. To be issued a certificate of registration, a provider must comply with one of the following to provide for financial security: (a) Purchase a contractual liability insurance policy which insures the obligations of each service contract the provider issues, sells or offers for sale. The contractual liability insurance policy must: (1) Be issued by […]
