Nevada Revised Statutes 692A.220 – Search and examination and determination of insurability of title required; retention of records
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1. No policy or contract of title insurance may be completed or executed until the title insurer has or has caused to be:
Terms Used In Nevada Revised Statutes 692A.220
- 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.
(a) Conducted a reasonable search and examination of the title; and
(b) Determined the insurability of the title in accordance with its established underwriting practices.
2. Each title insurer shall maintain records and evidence of its search and examination and of its determination of insurability for a period of not less than 5 years after the date of the policy or contract.