Nevada § 40.607 “Builder’s warranty” defined

Nevada Statutes

§ 40.607 — “Builder’s warranty” defined

Nevada·Title 3 REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS·Ch. 40 Actions· General Provisions

“Builder’s warranty” means a warranty issued or purchased by or on behalf of a contractor for the protection of a claimant. The term:

1.Includes a warranty contract issued by or on behalf of a contractor whose liability pursuant to the warranty contract is subsequently insured by a risk retention group that operates in compliance with chapter 695E of NRS and insures all or any part of the liability of a contractor for the cost to repair a constructional defect in a residence.

2.Does not include a policy of insurance for home protection as defined in NRS 690B.100 or a service contract as defined in NRS 690C.080 .

Free access — add to your briefcase to read the full text and ask questions with AI

“Builder’s warranty” means a warranty issued or purchased by or on behalf of a contractor for the protection of a claimant. The term:
1. Includes a warranty contract issued by or on behalf of a contractor whose liability pursuant to the warranty contract is subsequently insured by a risk retention group that operates in compliance with chapter 695E of NRS and insures all or any part of the liability of a contractor for the cost to repair a constructional defect in a residence.
2. Does not include a policy of insurance for home protection as defined in NRS 690B.100 or a service contract as defined in NRS 690C.080 .

Nevada § 40.607 (“Builder’s warranty” defined) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.