An insurance policy runs for a set period. Nevada law limits three things an insurer might want to do with that policy. It limits ending the policy early, declining to continue it, and continuing it on different terms. Nevada law also controls binders, which are short-term coverage that can exist before the actual policy is issued.
About 30 minutes
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Recommended first: Policy endings, empty buildings and coverage territory, From application to renewal: a producer's licensing lifecycle. Suggestions, not required steps.
Open lesson →This lesson answers two practical questions.
About 30 minutes
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Recommended first: Insurers: identity, domicile, authority and transactions, From application to renewal: a producer's licensing lifecycle. Suggestions, not required steps.
Open lesson →When a car is damaged and repaired, two practical questions come up. First, once the repair shop finishes and sends its bill, how quickly must the insurer pay, and whose name goes on the check? Second, when someone inspects the car and prices the damage, does that person need a special Nevada license?
About 19 minutes
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Recommended first: After a loss: notice, protection, proof and insurer response, Who needs which Nevada insurance license?. Suggestions, not required steps.
Open lesson →Nevada's insurance law sorts insurance into named kinds. It also adds a few protections that apply to property policies. A statute is a written law passed by the Legislature. NRS (Nevada Revised Statutes) is Nevada's collection of those laws.
About 25 minutes
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Recommended first: Inland marine: match valuable or mobile property to the right floater, Mobile homes, boats and farms: separate the property interests, Insurers: identity, domicile, authority and transactions. Suggestions, not required steps.
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