Existing law establishes the Nevada Insurance Code which governs contracts of insurance. (Title 57 of NRS) This bill repeals provisions of existing law that prohibit an insurer from issuing or renewing 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.210)

Statutes affected:
As Introduced: 679A.210
BDR: 679A.210