AB 206
Repeals certain provisions which prohibit an insurer from issuing or renewing certain policies of liability insurance. (BDR 57-643)
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- Passed Assembly
- Passed Senate
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- Became Law
Bill overview
This bill repeals a section of Nevada law that currently restricts insurance companies from including certain provisions in liability insurance policies. Specifically, it removes the prohibition against reducing the policy’s liability limit by costs associated with claims, legal fees, or other expenses. This change would allow insurers more flexibility in structuring liability insurance policies. The bill aims to remove outdated restrictions on insurance policy terms.
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