Nevada § 331.186 Factors for determining need for, form and amount of insurance coverages

Nevada Statutes

§ 331.186 — Factors for determining need for, form and amount of insurance coverages

Nevada § 331.186

Title 27PUBLIC PROPERTY AND PURCHASING

Ch. 331Administration

RISK MANAGEMENT DIVISION

This text of Nevada § 331.186 (Factors for determining need for, form and amount of insurance coverages) 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. § 331.186 (2026).

Text

In determining the need for, form and amount of insurance coverages, the State Risk Manager shall consider:

1.Omission of insurance coverage on property and risks for which insurance and claim adjustment costs would be disproportionately high in relation to the amount of risk.

2.Economies possible through the use of reasonable deductibles.

3.Use of comprehensive coverages and blanket coverages insuring property of two or more state agencies.

4.Reliability and financial condition of insurers, and the services which they provide.

5.Means whereby risks may be improved through reduction in insurance losses and costs.

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In determining the need for, form and amount of insurance coverages, the State Risk Manager shall consider:
1. Omission of insurance coverage on property and risks for which insurance and claim adjustment costs would be disproportionately high in relation to the amount of risk.
2. Economies possible through the use of reasonable deductibles.
3. Use of comprehensive coverages and blanket coverages insuring property of two or more state agencies.
4. Reliability and financial condition of insurers, and the services which they provide.
5. Means whereby risks may be improved through reduction in insurance losses and costs.