Nevada Administrative Code
Chapter 485 - Motor Vehicles: Insurance and Financial Responsibility
CERTIFICATE OF SELF-INSURANCE
Section 485.075 - Guarantee of indemnification
Universal Citation: NV Admin Code 485.075
Current through February 27, 2024
1. The Department may, before issuing a certificate of self-insurance to an applicant, require a guarantee of indemnification:
(a) From the
parent corporation, if the applicant is a subsidiary or affiliate of a
corporation;
(b) From any partner,
if the applicant is a partnership; or
(c) From the owner, if the applicant is a
sole proprietorship.
2. Entities making a joint application for a certificate of self-insurance pursuant to NAC 485.060 must enter into an indemnity agreement jointly and severally binding each entity for all liability arising from the operation of each motor vehicle that is self-insured pursuant to the certificate.
Added to NAC by Dep't of Motor Veh. by R164-03, eff. 10-31-2005
NRS 485.130, 485.380
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