NAC690B.360. Disclosure of limitations; endorsement in lieu of statement.

     1. In lieu of complying with NAC 690B.350, an insurer may inform an insured of the limitations of an operator’s policy of liability insurance by providing the information set forth in NAC 690B.350 in the endorsement required by NRS 485.186 if that endorsement has been approved by the Commissioner.

     2. If an insurer complies with this section in lieu of complying with NAC 690B.350:

     (a) The endorsement must:

          (1) Be written in English or Spanish, as appropriate; and

          (2) Include an acknowledgment that:

               (I) States that the insured understands and accepts the limitations of the operator’s policy of liability insurance as set forth in the endorsement; and

               (II) Is signed and dated by the insured; and

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

     3. The statement may be imprinted, stamped or imprinted on a sticker and must be written substantially as follows:

     This operator’s policy of liability insurance is a limited policy of liability insurance. The specific limitations are set forth in the endorsement.

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