NRS 692A.041 “Premium” defined.
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/nv/chapter-692a-title-insurance/692a-041·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 692A.041 “Premium” defined.
1. “Premium” means charges for:
(a)Assuming a risk;
(b)Abstracting, searching and examining title to determine insurability; and
(c)Any other activity associated with the assumption of risk.
2. “Premium” does not include charges for:
(a)Escrow;
(b)Settlement or closing; or
(c)Other special services not associated with the assumption of risk,
Ê whether or not they are called premiums.