Nevada § 690C.250 Conditions under which service contract void and refund required; right of original purchaser; provision stating right required; requirements for refund; penalty

Nevada Statutes

§ 690C.250 — Conditions under which service contract void and refund required; right of original purchaser; provision stating right required; requirements for refund; penalty

Nevada § 690C.250

Title 57INSURANCE

Ch. 690CService

PROVISIONS OF CONTRACT

This text of Nevada § 690C.250 (Conditions under which service contract void and refund required; right of original purchaser; provision stating right required; requirements for refund; penalty) 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. § 690C.250 (2026).

Text

1. A service contract is void and a provider shall refund to the holder the purchase price of the service contract if the holder has not made a claim under the service contract and the holder returns the service contract to the provider:

(a)Within 20 days after the date the provider mails a copy of the service contract to the holder;

(b)Within 10 days after the purchaser receives a copy of the service contract if the provider furnishes the holder with the copy at the time the contract is purchased; or

(c)Within a longer period specified in the service contract. 2. The right of a holder to return a service contract pursuant to this section applies only to the original purchaser of the service contract. 3. A service contract must include a provision that clearly states the right of a hold

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1. A service contract is void and a provider shall refund to the holder the purchase price of the service contract if the holder has not made a claim under the service contract and the holder returns the service contract to the provider:
(a) Within 20 days after the date the provider mails a copy of the service contract to the holder;
(b) Within 10 days after the purchaser receives a copy of the service contract if the provider furnishes the holder with the copy at the time the contract is purchased; or
(c) Within a longer period specified in the service contract.
2. The right of a holder to return a service contract pursuant to this section applies only to the original purchaser of the service contract.
3. A service contract must include a provision that clearly states the right of a holder to return a service contract pursuant to this section.
4. The provider shall refund to the holder the purchase price of the service contract within 45 days after a service contract is returned pursuant to subsection 1. If the provider fails to refund the purchase price within that time, the provider shall pay the holder a penalty of 10 percent of the purchase price for each 30-day period or portion thereof that the refund and any accrued penalties remain unpaid.