Statute 690c 040

'Contractual liability insurance policy' means a policy of insurance that is issued to a provider to either: 1. Reimburse the provider under the terms of a service contract issued or sold by the provider; or 2. If the provider does not satisfy his or her obligation under a service contract, pay on behalf of the provider any money the provider has an obligation to pay under the service contract. (Added to NRS by 1999, 3335)