NAC690B.350. Disclosure of limitations; statement.

     1. Except as otherwise provided in NAC 690B.360, an insurer that issues an operator’s policy of liability insurance which limits coverage for damages as set forth in NRS 485.186 shall disclose those limitations in the manner set forth in subsections 2 and 3.

     2. The insurer shall include a statement on the face of the operator’s policy of liability insurance that is written in English or in Spanish, as appropriate.

     3. The statement may be imprinted, stamped or imprinted on a sticker. The statement is deemed approved by the Commissioner if it is written as follows:

     This operator’s policy of liability insurance is a limited policy of liability insurance that provides coverage for the named insured when operating any motor vehicle or while the motor vehicle the named insured owns is not being operated by any person.

     This operator’s policy of liability insurance DOES NOT provide any coverage for damages incurred while the motor vehicle owned by the named insured is operated by another person, including, without limitation, bodily injury, damage to the motor vehicle owned by the named insured or any other property damage.

     Because subsection 4 of NRS 485.186 prohibits the named insured from allowing another person to operate the motor vehicle the named insured owns if he or she knows or should have known that the person does not have liability insurance to cover the operation of that motor vehicle, the named insured SHOULD NOT allow any person to operate the motor vehicle the named insured owns unless he or she knows that the person has liability insurance that will provide coverage when the person is operating that motor vehicle.

     This operator’s policy of liability insurance may not meet the requirements of the financial responsibility laws of other states, unless it is expressly indicated in the policy.

     4. An insurer may use a statement that is written substantially similar to the statement set forth in subsection 3 if:

     (a) The insurer has filed the statement with the Commissioner; and

     (b) The Commissioner has approved the statement.

     (Added to NAC by Comm’r of Insurance, by R115-00, 3-30-2001, eff. 7-1-2001)