NRS 485.380
Self-insurers.
1.
Any person in whose name more than 10 motor vehicles are registered in the State of Nevada may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the Department as provided in subsection 2.2.
The Department may, upon the application of such a person, issue a certificate of self-insurance when:(a)
It is satisfied that the person possesses and will continue to possess the ability to pay judgments obtained against him or her; and(b)
The person provides security to satisfy judgments against him or her in an amount prescribed by regulation of the Department.3.
The certificate of self-insurance must include:(a)
The name and address of the self-insurer;(b)
The expiration date of the self-insurance; and(c)
The statements:(1)
“Self-insured”; and(2)
“This certificate of self-insurance or a photocopy thereof must be carried in the motor vehicle which is self-insured for production on demand.”4.
Upon not less than 5 days’ notice and a hearing pursuant to the notice, the Department may, upon reasonable grounds, cancel a certificate of self-insurance. Failure to pay any judgment within 30 days after it becomes final constitutes a reasonable ground for the cancellation of a certificate of self-insurance.5.
The Department shall adopt regulations which set forth the amount of security which must be provided by a self-insurer pursuant to subsection 2.
Source:
Section 485.380 — Self-insurers., https://www.leg.state.nv.us/NRS/NRS-485.html#NRS485Sec380.