The State and any political subdivision or other governmental entity in this state may insure its property against the risk of damage or destruction, by purchase of a policy of insurance or by establishing a self-insurance reserve or fund, or a combination thereof.
NRS 334.060
Purchase of insurance or establishment of self-insurance reserve or fund to protect public property
(Added to NRS by 1977, 391)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.