# NV Bulletin 01-004: Credit Insurance

> Nevada · Agency guidance · In force

URL: https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_004

## Section

- **Citation:** NV Bulletin 01-004
- **Heading:** Credit Insurance
- **Jurisdiction:** Nevada
- **Kind:** Agency guidance
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Nevada Division of Insurance Bulletins / Credit Insurance

## Text

Bulletin 01-004 April 30, 2001

CREDIT INSURANCE

NRS 690A.015 defines credit insurance as credit life insurance, credit disability
insurance, credit involuntary unemployment insurance and any other similar form of
insurance. NRS 690A.030(2) establishes the authorized lines of credit insurance as credit
life insurance, credit disability insurance and credit involuntary unemployment insurance.
Other types of credit insurance are not authorized under NRS 690A. Credit property
insurance is not credit insurance within the meaning of NRS 690A.

Credit property insurance is defined in NAC 683A.089 as “insurance which
provides for payment of: (1) The outstanding balance of a loan if the property given as
security for the loan is destroyed; or (2) The cost of repairing the property given as
security for the loan up to the amount of the outstanding balance of the loan.” Insurance
that insures property up to its purchase price instead of according to the outstanding
balance of a loan is not credit property insurance within the meaning of NAC 683A.089
and, therefore, may not be issued as credit insurance or credit property insurance in the
state of Nevada.

The Division of Insurance will initiate disciplinary action against any insurer that
markets or issues “credit property insurance” that does not conform to the definition
established in NAC 683A.089.

____________________________________

ALICE A. MOLASKY-ARMAN

Commissioner of Insurance

H:\dept\bulletin\01-004creditpropertyins

## Nearby sections

- [NV Bulletin 00-001 Workers' Compensation Appeals Panel](https://www.frixlaw.com/law-library/statutes/NV_INS_B_00_001.md)
- [NV Bulletin 00-002 Workers' Compensation Issues](https://www.frixlaw.com/law-library/statutes/NV_INS_B_00_002.md)
- [NV Bulletin 00-003 Workers' Compensation Deductible Programs](https://www.frixlaw.com/law-library/statutes/NV_INS_B_00_003.md)
- [NV Bulletin 00-004 Balance Billing by Contracted Providers](https://www.frixlaw.com/law-library/statutes/NV_INS_B_00_004.md)
- [NV Bulletin 01-002 Unlawful Rebates in the Sale of Life or Health Insurance](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_002.md)
- [NV Bulletin 01-003 Groups Formed for the Purpose of Procuring Insurance](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_003.md)
- [NV Bulletin 01-004 Credit Insurance](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_004.md)
- [NV Bulletin 01-005 Marketing of Group Life and Health Insurance](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_005.md)
- [NV Bulletin 01-006 Life Insurance Policies with No Benefit for the First Two Years](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_006.md)
- [NV Bulletin 01-007 Accounting for Health Care Receivables Reporting Receivables on the Quarterly Statements](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_007.md)
- [NV Bulletin 01-009 Violent Crime Control and Law Enforcement Act of 1994](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_009.md)
- [NV Bulletin 01-010 Executive Order Blocking Property and Prohibiting Transactions with Persons who Permit, Threaten to Commit, or Support Terrorism](https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_010.md)
- [NV Bulletin 02-000 Voluntary Expedited Filing Procedures for Compliance with the Provision of the Terrorism Risk Insurance Act of 2002](https://www.frixlaw.com/law-library/statutes/NV_INS_B_02_000.md)
- [NV Bulletin 02-001 Risk Base Capital Instructions Pursuant to NAC 681B.430](https://www.frixlaw.com/law-library/statutes/NV_INS_B_02_001.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/NV_INS_B_01_004. Check the current official text before relying on it. Not legal advice.