Nev. Rev. Stat. § 679A.NEW

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 679A.NEW - [Newly enacted section not yet numbered] [Prohibited limitation on coverage for costs of defense, legal costs and other expenses for claims]

Notwithstanding any other provision of law, an insurer, including, without limitation, an insurer listed in NRS 679A.160, shall not issue or renew a policy of liability insurance that contains a provision that:

1. Reduces the limit of liability stated in the policy by the costs of defense, legal costs and fees and other expenses for claims; or
2. Otherwise limits the availability of coverage for the costs of defense, legal costs and fees and other expenses for claims.

NRS 679A.NEW

Added by 2023, Ch. 191,§1, eff. 10/1/2023, app. to any renewal of contract for liability insurance existing on 10/1/2023, but not to any contract for liability insurance existing on 10/1/2023.