Nevada § 116B.570 Insurance: Policies

Nevada Statutes

§ 116B.570 — Insurance: Policies

Nevada § 116B.570

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 116BCondominium

Liabilities, Insurance and Fiscal Affairs

This text of Nevada § 116B.570 (Insurance: Policies) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 116B.570 (2026).

Text

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 owner

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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.