Nevada Revised Statutes
Chapter 334 - Purchasing: Generally
NRS 334.060 - Purchase of insurance or establishment of self-insurance reserve or fund to protect public property.

The State and any political subdivision or other governmental entity in this state may insure its property against the risk of damage or destruction, by purchase of a policy of insurance or by establishing a self-insurance reserve or fund, or a combination thereof.
(Added to NRS by 1977, 391)