Nevada Revised Statutes 684B.010 – ‘Motor vehicle physical damage appraiser’ defined
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As used in this Code ‘motor vehicle physical damage appraiser’ means any person, partnership, association or corporation who, for a separate fee, practices as a business the appraising of damages to motor vehicles insured under automobile physical damage policies or on behalf of third-party claimants.
Terms Used In Nevada Revised Statutes 684B.010
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039