If an insurer is required to pay a claim, the insurer shall pay that claim with an instrument which is immediately negotiable. An insurer shall be deemed to have complied with the provisions of this section if the insurer enters into an agreement, with a bank located in this state, which provides that the bank will accept the insurer’s drafts in as timely a manner as it accepts the insurer’s checks.
NRS 687B.255
Insurer required to pay claim with negotiable instrument
(Added to NRS by 1989, 1799)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.