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Current as of January 01, 2025 | Updated by Findlaw Staff
1. In any third-party liability claim, an insurer shall not issue a check or draft or otherwise make payment of $5,000 or more in settlement of the claim to a representative of the claimant, including, without limitation, the lawyer for the claimant, unless the insurer, at the time of making the payment or as soon as practicable thereafter, mails written notice of the payment to the claimant at the last known address of the claimant.
2. The failure of an insurer to serve notice as required by subsection 1 or defective service of the notice does not:
(a) Create, and must not be construed to create, a cause of action for any natural person or entity other than the Commissioner.
(b) Establish, and must not be construed to establish, a defense for any party to any cause of action.
3. As used in this section, “third-party liability claim” means a claim brought under a liability insurance policy by a person other than the insured, where the claimant is a natural person.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 686A.325. Settlement of third-party liability claims: Written notice of payment to claimant required; effect of failure to serve notice - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-686a-325/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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