Nev. Admin. Code § 687B.520 - Refunds to third parties

1. All forms used by an agent broker, solicitor, company or any other person, partnership or corporation, for the purpose of obtaining authorization from an insured to cancel an existing insurance policy or policies, which authorize the payment of the unearned premium to anyone other than the insured, shall state in the heading or title of the form, in 14-point type or larger:

Authorization for Insurance Cancellation and Payment of Return Premium to a Third Party.

2. No form may be used for that purpose unless the title calls the attention of the insured to the fact that the insured is signing away his or her interest in the unearned premium to a third person.

Notes

Nev. Admin. Code § 687B.520

Comm'r of Insurance, PC-15, eff. 9-23-72

NRS 679B.130