Nevada § 687B.186 Binders: Proof of insurance coverage; penalties for refusal to accept; exception

Nevada Statutes

§ 687B.186 — Binders: Proof of insurance coverage; penalties for refusal to accept; exception

Nevada § 687B.186

Title 57INSURANCE

Ch. 687BContracts

GENERAL PROVISIONS

This text of Nevada § 687B.186 (Binders: Proof of insurance coverage; penalties for refusal to accept; exception) 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. § 687B.186 (2026).

Text

1. A binder which is issued in accordance with NRS 687B.182 to 687B.187 , inclusive, shall be deemed a policy for the purpose of proving that a person has insurance coverage. 2. Any party to a contract or other agreement who refuses to accept such a binder as proof of insurance when that proof is required by that contract or agreement:

(a)Shall be fined not more than $500.

(b)Is liable to the party presenting the binder as proof of insurance for actual damages sustained therefrom. 3. The provisions of this section do not apply to a binder related to a policy of insurance which provides coverage of at least $1,000,000.

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1. A binder which is issued in accordance with NRS 687B.182 to 687B.187 , inclusive, shall be deemed a policy for the purpose of proving that a person has insurance coverage.
2. Any party to a contract or other agreement who refuses to accept such a binder as proof of insurance when that proof is required by that contract or agreement:
(a) Shall be fined not more than $500.
(b) Is liable to the party presenting the binder as proof of insurance for actual damages sustained therefrom.
3. The provisions of this section do not apply to a binder related to a policy of insurance which provides coverage of at least $1,000,000.