NRS 116B.570
Insurance: Policies.

Insurance policies carried pursuant to this chapter must provide to the extent reasonably available that:

1.

Each unit’s owner is an insured person under the policy with respect to liability arising out of his or her interest in the common elements or membership in the association;

2.

The insurer waives its right to subrogation under the policy against any unit’s owner or member of his or her household;

3.

No act or omission by any unit’s owner, unless acting within the scope of his or her authority on behalf of the association, voids the policy or is a condition to recovery under the policy; and

4.

If, at the time of a loss under the policy, there is other insurance in the name of a unit’s owner covering the same risk covered by the policy, the association’s policy or the hotel unit owners’ policy, as applicable, provides primary insurance.

Source: Section 116B.570 — Insurance: Policies., https://www.­leg.­state.­nv.­us/NRS/NRS-116B.­html#NRS116BSec570.

Last Updated

Jun. 24, 2021

§ 116B.570’s source at nv​.us