“Premium” means the consideration for insurance, by whatever name called. The term includes any “assessment,” or any “membership,” “policy,” “survey,” “inspection,” “service” or similar fee or other charge assessed or collected by the insurer or an agent of the insurer in consideration for an insurance contract or its procurement.
NRS 679A.115
“Premium” defined
Known as the Nevada Insurance Code
The act spans §§ 679–679 (30 sections).
Applied in 2 court decisions — leading case Ferrell v. Allstate Insurance Co. (2007)
Most recently applied in Ferrell v. Allstate Insurance Co. (January 2007)
(Added to NRS by 1981, 1141)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.