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Current as of January 01, 2025 | Updated by Findlaw Staff
1. An insurer offering an umbrella policy to an individual shall obtain a signed disclosure statement from the individual indicating whether the umbrella policy includes uninsured or underinsured vehicle coverage.
2. The disclosure statement for an umbrella policy that includes uninsured or underinsured vehicle coverage must be on a form provided by the Commissioner or in substantially the following form:
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☐ Your Umbrella Policy coverage in excess of the limits of the uninsured/underinsured vehicle coverage in your auto insurance only if the requirements for the uninsured/underinsured vehicle coverage in your underlying auto insurance are maintained. Your uninsured/underinsured vehicle coverage provided by this umbrella policy is limited to $_________. |
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I understand and acknowledge the above disclosure. |
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____________________ |
____________ |
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Insured |
Date |
3. The disclosure statement for an umbrella policy that does not include uninsured or underinsured vehicle coverage must be on a form provided by the commissioner or in substantially the following form:
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☐ Your Umbrella Liability Policy any uninsured/underinsured vehicle coverage. |
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I understand and acknowledge the above disclosure. |
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____________________ |
____________ |
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Insured |
Date |
4. As used in this section, “umbrella policy” means a policy that protects a person against losses in excess of the underlying amount required to be covered by other policies.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 687B.440. Umbrella policies: Requirement of signed disclosure statement from individual indicating whether policy includes uninsured or underinsured motorist coverage; form - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-687b-440/
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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