Nev. Rev. Stat. § 485.250
Authority of Department to reduce amount of security
Nevada · Nevada Revised Statutes Chapter 485 — Motor Vehicles: Insurance and Financial Responsibility · Status: effective
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- Citation
- Nev. Rev. Stat. § 485.250, Authority of Department to reduce amount of security, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2125204
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Full text
The Department may reduce the amount of security ordered in any case within 6 months after the date of the crash if, in its judgment, the amount ordered is excessive. In case the security originally ordered has been deposited, the excess deposited over the reduced amount ordered must be returned to the depositor or his or her personal representative forthwith, notwithstanding the provisions of NRS 485.270.