Except as otherwise provided in subsection 5 of NRS 695E.200, this chapter applies to all direct insurance, except:

Terms Used In Nevada Revised Statutes 687A.020

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • 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

1.  Life, annuity, health or disability insurance;

2.  Mortgage guaranty, financial guaranty or other forms of insurance offering protection against investment risks;

3.  Fidelity or surety bonds or any other bonding obligations;

4.  Credit insurance as defined in NRS 690A.015, vendors’ single interest insurance, collateral protection insurance or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor transaction;

5.  Insurance of warranties or service contracts, including, without limitation, insurance that provides:

(a) For the repair, replacement or service of goods or property;

(b) Indemnification for the repair, replacement or service of goods or property;

(c) Indemnification for the operational or structural failure of goods or property due to a defect in materials, workmanship or normal wear and tear; or

(d) Reimbursement for the liability incurred by the issuer of agreements or service contracts which provide any benefits described in this subsection;

6.  Title insurance;

7.  Ocean marine insurance;

8.  Any transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, which involves the transfer of investment or credit risk unaccompanied by the transfer of insurance risk; or

9.  Any insurance provided by or guaranteed by a governmental entity.

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