Nevada § 645H.490 Certificate of registration: Maintenance of insurance or acting as self-insurer; minimum limits of liability; proof

Nevada Statutes

§ 645H.490 — Certificate of registration: Maintenance of insurance or acting as self-insurer; minimum limits of liability; proof

Nevada § 645H.490

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645HAsset

CERTIFICATES OF REGISTRATION AND PERMITS

This text of Nevada § 645H.490 (Certificate of registration: Maintenance of insurance or acting as self-insurer; minimum limits of liability; proof) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 645H.490 (2026).

Text

1. Before issuing any certificate of registration or annual renewal thereof, the Division shall require satisfactory proof that the asset management company:

(a)Is covered by a policy of insurance written by an insurance company authorized to do business in this State which is sufficient to reimburse real property owners for, without limitation, any damage to real property in foreclosure, the wrongful disposal of property or wrongful eviction; or

(b)Possesses and will continue to possess sufficient means to act as a self-insurer against that liability. 2. Every asset management company shall maintain the policy of insurance or self-insurance required by this section. The registration of every such asset management company is automatically suspended 10 days after receipt by the asset mana

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1. Before issuing any certificate of registration or annual renewal thereof, the Division shall require satisfactory proof that the asset management company:
(a) Is covered by a policy of insurance written by an insurance company authorized to do business in this State which is sufficient to reimburse real property owners for, without limitation, any damage to real property in foreclosure, the wrongful disposal of property or wrongful eviction; or
(b) Possesses and will continue to possess sufficient means to act as a self-insurer against that liability.
2. Every asset management company shall maintain the policy of insurance or self-insurance required by this section. The registration of every such asset management company is automatically suspended 10 days after receipt by the asset management company of a notice from the Division that the required insurance is not in effect, unless satisfactory proof of insurance is provided to the Division within that period.
3. Proof of insurance or self-insurance must be in such a form as the Division may require.