Nevada § 690A.130 Claims: Reporting to insured; maintenance by insurer; settlement; payment

Nevada Statutes

§ 690A.130 — Claims: Reporting to insured; maintenance by insurer; settlement; payment

Nevada § 690A.130

Title 57INSURANCE

Ch. 690ACredit

This text of Nevada § 690A.130 (Claims: Reporting to insured; maintenance by insurer; settlement; payment) 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. § 690A.130 (2026).

Text

1. All claims must be promptly reported to the insurer or its designated representative, and the insurer shall maintain adequate files on all reported claims. All claims must be settled as soon as practicable and in accordance with the terms of the insurance contract. 2. All claims must be paid by draft drawn upon the insurer, by electronic funds transfer or by check of the insurer to the order of:

(a)The claimant to whom payment of the claim is due pursuant to the provisions of the policy; or

(b)Any other person designated by the claimant to whom payment is due. 3. A plan or arrangement may not be used whereby a person other than the insurer or its designated claim representative is authorized to settle or adjust claims. The creditor may not be designated as the representative for the i

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1. All claims must be promptly reported to the insurer or its designated representative, and the insurer shall maintain adequate files on all reported claims. All claims must be settled as soon as practicable and in accordance with the terms of the insurance contract.
2. All claims must be paid by draft drawn upon the insurer, by electronic funds transfer or by check of the insurer to the order of:
(a) The claimant to whom payment of the claim is due pursuant to the provisions of the policy; or
(b) Any other person designated by the claimant to whom payment is due.
3. A plan or arrangement may not be used whereby a person other than the insurer or its designated claim representative is authorized to settle or adjust claims. The creditor may not be designated as the representative for the insurer in adjusting a claim, except that a group policyholder may, by arrangement with the group insurer, draw drafts, electronic transfers or checks in payment of claims due the group policyholder subject to the periodic audit by the insurer.