NRS 690B.031
Reduction in premium of certain policies of insurance required if motor vehicle is equipped with air bag and other safety device

calculation
approval of Commissioner.

1.

A policy of insurance providing coverage arising out of the ownership, maintenance or use of a motor vehicle which is delivered or issued for delivery in this State and includes coverage for the payment of reasonable and necessary medical expenses or uninsured and underinsured motorists coverage, or both, must contain a provision for the reduction in the premium for such coverage if the motor vehicle:

(a)

Is equipped with an air bag on the driver’s side of the front seat or air bags on the driver’s side and passenger’s side of the front seat; and

(b)

Contains any other safety device, other than safety belts, which substantially enhances the safety of the occupants of the motor vehicle.

2.

The reduction in premiums required by subsection 1 must be based upon the actuarial and loss experience data available to each insurer and must be approved by the Commissioner. The insurer may offer additional reductions in premiums pursuant to the requirements set forth in subsection 1 if they are approved by the Commissioner. Each reduction must be calculated based on the amount of the premium before any reduction in that premium is made pursuant to this section, and not on the amount of the premium once it has been reduced.

3.

The Commissioner shall review and approve or disapprove each policy of insurance that offers a reduction in the premiums provided for in this section. An insurer must receive the written approval of the Commissioner before delivering or issuing for delivery a policy that provides for such a reduction.

Source: Section 690B.031 — Reduction in premium of certain policies of insurance required if motor vehicle is equipped with air bag and other safety device; calculation; approval of Commissioner., https://www.leg.state.nv.us/NRS/NRS-690B.html#NRS690BSec031.

690B.016
Prohibition against knowing recommendation of unlicensed body shop or required patronization of particular body shop. 690B.017
Provisions for arbitration not binding. 690B.020
Uninsured or hit-and-run vehicles 690B.023
Insurer to provide evidence of insurance 690B.024
Obligations of claimant or attorney to provide certain information relating to claim for compensation under policy of motor vehicle insurance. 690B.025
Primary and excess coverage 690B.028
Insurer prohibited from taking adverse action because of violation of speed limit in certain cases. 690B.029
Mandatory provision for reduction of premiums for certain persons 55 years of age or older. 690B.031
Reduction in premium of certain policies of insurance required if motor vehicle is equipped with air bag and other safety device 690B.035
Policy covering damage to one or more of operator’s vehicles. 690B.037
Owner or authorized agent may give consent for towing and storage of damaged motor vehicle. 690B.040
Policy providing certain automobile coverage in Mexico.

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

NRS 690B.031 Reduction in premium of certain policies of insurance required if motor vehicle is equipped with air bag and other safety device

1.

(a)

(b)

2.

3.

NRS 690B.031
Reduction in premium of certain policies of insurance required if motor vehicle is equipped with air bag and other safety device