Nev. Rev. Stat. § 116B.570
Insurance: Policies
Nevada · Nevada Revised Statutes Chapter 116B — Condominium Hotel Act · Status: effective
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- Citation
- Nev. Rev. Stat. § 116B.570, Insurance: Policies, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2081444
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Full 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 owners’ policy, as applicable, provides primary insurance.