Nevada Revised Statutes 687B.015 – ‘Binder’ defined
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As used in this chapter, unless the context otherwise requires, ‘binder’ means an oral or written contract for temporary insurance which is used when a policy is not immediately issued to evidence that the coverage attaches at a specified time and continues until the policy is issued or the risk is declined.
Terms Used In Nevada Revised Statutes 687B.015
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.