Any consumer credit insurance issued in connection with loans or other credit transactions for personal, family or household use is subject to the provisions of this chapter except: 1. Insurance written in connection with a credit transaction that is: (a) Secured by a first mortgage or deed of trust; and (b) Made to finance the purchase of real property or the construction of a dwelling thereon, or to refinance a prior credit transaction made for that purpose; 2. Insurance that is sold as an isolated transaction on the part of the insurer and not related to an agreement or a plan for insuring debtors of the creditor; 3. Insurance for which no identifiable charge is made to the debtor; or 4. Insurance on accounts receivable. (Added to NRS by 1971, 1771; A 1987, 2296; 2005, 2144)
Nevada Legal Code