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NV AB206
Bill
AI Summary
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Repeals NRS 679A.210, which currently prohibits insurers from issuing or renewing liability insurance policies that reduce coverage limits by defense costs, legal fees, and other claim expenses
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Allows insurers to offer "burning limits" or "eroding limits" policies where defense costs count against and reduce the total policy limit available for claims
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Removes the existing prohibition on policy provisions that otherwise limit coverage availability for defense costs, legal fees, and claim-related expenses
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No fiscal impact on state or local government
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Prefiled February 3, 2025 by Assemblymember Cole and referred to the Committee on Commerce and Labor
Legislative Description
Repeals certain provisions which prohibit an insurer from issuing or renewing certain policies of liability insurance. (BDR 57-643)
Last Action
(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
4/12/2025