1. An owner’s policy of liability insurance must:
(a) Designate by explicit description or by appropriate reference all motor vehicles with respect to which coverage is thereby to be granted; and
(b) Insure the person named therein and any other person, as insured, using any such motor vehicle with the express or implied permission of the named insured, against loss from the liability imposed by law for damages arising out of the ownership, maintenance or use of such motor vehicle within the United States of America or the Dominion of Canada, subject to limits exclusive of interest and costs, with respect to each such motor vehicle, as follows:
(1) Because of bodily injury to or death of one person in any one crash, $25,000;
(2) Subject to the limit for one person, because of bodily injury to or death of two or more persons in any one crash, $50,000; and
(3) Because of injury to or destruction of property of others in any one crash, $20,000.
2. An operator’s policy of liability insurance must insure the person named as insured therein against loss from the liability imposed upon the person by law for damages arising out of the person’s use of any motor vehicle within the same territorial limits and subject to the same limits of liability as are set forth in paragraph (b) of subsection 1.
3. A motor vehicle liability policy must state the name and address of the named insured, the coverage afforded by the policy, the premium charged therefor, the period of effectiveness and the limits of liability, and must contain an agreement or be endorsed that insurance is provided thereunder in accordance with the coverage defined in this chapter as respects bodily injury and death or property damage, or both, and is subject to all the provisions of this chapter.
4. A motor vehicle liability policy need not insure any liability under any workers’ compensation law nor any liability on account of bodily injury to or death of an employee of the insured while engaged in the employment, other than domestic, of the insured, or while engaged in the operation, maintenance or repair of any motor vehicle owned by the insured nor any liability for damage to property owned by, rented to, in charge of or transported by the insured.
5. Every motor vehicle liability policy is subject to the following provisions which need not be contained therein:
(a) The liability of the insurance carrier with respect to the insurance required by this chapter becomes absolute whenever injury or damage covered by the policy occurs. The policy may not be cancelled or annulled as to such liability by any agreement between the insurance carrier and the insured after the occurrence of the injury or damage. No statement made by the insured or on behalf of the insured and no violation of the policy defeats or voids the policy.
(b) The satisfaction by the insured of a judgment for injury or damage is not a condition precedent to the right or duty of the insurance carrier to make payment on account of the injury or damage.
(c) The insurance carrier may settle any claim covered by the policy, and if such a settlement is made in good faith, the amount thereof is deductible from the limits of liability specified in paragraph (b) of subsection 1.
(d) The policy, the written application therefor, if any, and any rider or endorsement which does not conflict with the provisions of this chapter constitute the entire contract between the parties.
6. Any policy which grants the coverage required for a motor vehicle liability policy may also grant any lawful coverage in excess of or in addition to the coverage specified for a motor vehicle liability policy, and the excess or additional coverage is not subject to the provisions of this chapter.
7. Any motor vehicle liability policy may provide for the prorating of the insurance thereunder with other valid and collectible insurance.
8. The requirements for a motor vehicle liability policy may be fulfilled by the policies of one or more insurance carriers, which policies together meet those requirements.
9. Any binder issued pending the issuance of a motor vehicle liability policy shall be deemed to fulfill the requirements for such a policy.
(Added to NRS by 1957, 726; A 1963, 222; 1967, 1203; 1969, 178; 1973, 837; 1979, 1516; 1981, 628; 1987, 1094; 2015, 1652; 2017, 1341)
Structure Nevada Revised Statutes
Chapter 485 - Motor Vehicles: Insurance and Financial Responsibility
NRS 485.028 - "Certificate of financial responsibility" defined.
NRS 485.0335 - "Dormant vehicle" defined.
NRS 485.034 - "Evidence of insurance" defined.
NRS 485.035 - "Judgment" defined.
NRS 485.037 - "Insurance" defined.
NRS 485.040 - "License" defined.
NRS 485.050 - "Motor vehicle" defined.
NRS 485.055 - "Motor vehicle liability policy" defined.
NRS 485.060 - "Nonresident" defined.
NRS 485.070 - "Nonresident’s operating privilege" defined.
NRS 485.080 - "Operator" defined.
NRS 485.090 - "Owner" defined.
NRS 485.105 - "Proof of financial responsibility" defined.
NRS 485.108 - "Registered owner" defined.
NRS 485.110 - "Registration" defined.
NRS 485.120 - "State" defined.
NRS 485.130 - General duties of Department.
NRS 485.137 - Department to publish and disseminate informational leaflet.
NRS 485.140 - Judicial review.
NRS 485.187 - Unlawful acts; fines and penalties; exceptions.
NRS 485.191 - Right to hearing; notice; request for hearing; waiver.
NRS 485.193 - Scope of hearing.
NRS 485.195 - Powers of officer conducting hearing.
NRS 485.197 - Enforcement of subpoenas issued by Director.
NRS 485.200 - Exceptions to requirements as to security and suspension of license and registration.
NRS 485.210 - Requirements as to policy or bond.
NRS 485.220 - Form and amount of security.
NRS 485.230 - Duration of suspension; requirements for reinstatement.
NRS 485.250 - Authority of Department to reduce amount of security.
NRS 485.260 - Custody of security.
NRS 485.270 - Disposition of security.
NRS 485.280 - Return of deposit.
NRS 485.300 - Matters not to be evidence in civil suits.
NRS 485.302 - Suspension for nonpayment of judgment; exceptions.
NRS 485.303 - Suspension to continue until judgments paid and proof given.
NRS 485.304 - Payments sufficient to satisfy requirements.
NRS 485.305 - Payment of judgment in installments; default.
NRS 485.307 - Alternate methods of giving proof; proof required before registration is restored.
NRS 485.309 - Certificate furnished by nonresident as proof.
NRS 485.3091 - Motor vehicle liability policy: Requirements.
NRS 485.3093 - Chapter not to affect other policies.
NRS 485.3098 - Other proof may be required.
NRS 485.316 - Confidentiality of information in system; exceptions; penalty.
NRS 485.318 - Immunity from liability for actions in good faith and without gross negligence.
NRS 485.326 - Suspension of license for failure to maintain insurance.
NRS 485.330 - Operating motor vehicle when license or registration suspended.
NRS 485.340 - Failure to return license, registration or license plate.
NRS 485.360 - Penalty for other violations.
NRS 485.385 - Department to take appropriate action after receipt of correct information.
NRS 485.390 - Chapter supplemental to laws regarding motor vehicles.
NRS 485.400 - Chapter not retroactive.