690C.040  “Contractual liability insurance policy” defined.  “Contractual liability insurance policy” means a policy of insurance that is issued to a provider to either:

1.  Reimburse the provider under the terms of a service contract issued or sold by the provider; or

2.  If the provider does not satisfy his or her obligation under a service contract, pay on behalf of the provider any money the provider has an obligation to pay under the service contract.

(Added to NRS by 1999, 3335)