1. It constitutes an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to:
(a) Offer or sell a policy of travel insurance that could never result in payment of any claims for any insured under the policy; or
(b) Market blanket travel insurance as free.
2. As used in this section:
(a) “Blanket travel insurance” has the meaning ascribed to it in NRS 691E.030.
(b) “Travel insurance” has the meaning ascribed to it in NRS 691E.160.