Reno, Nev. (July 28, 2023) – On June 3, 2023, Nevada Governor Joe Lombardo signed into law Assembly Bill (AB) 398, which prohibits insurers from renewing or issuing insurance policies that include provisions that reduces the limit of liability by the costs of defense. AB 398 states:
Section 1. Chapter 679A of NRS is hereby amended by adding thereto a new section to read as follows:
Notwithstanding any other provision of law, an insurer, including, without limitation, an insurer listed in NRS 679A.160, shall not issue or renew a policy of liability insurance that contains a provision that:
Mr. Tacason may be contacted at Philip.Tacason@lewisbrisbois.com