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.
NRS 485.250
Authority of Department to reduce amount of security
Known as the Motor Vehicle Insurance and Financial Responsibility Act
The act spans §§ 485–485 (74 sections).
[Part 8:127:1949; 1943 NCL § 4439.08]—(NRS A 1961, 143; 1999, 3582; 2015, 1650)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.