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NRS 485.304

Payments sufficient to satisfy requirements

Known as the Motor Vehicle Insurance and Financial Responsibility Act

The act spans §§ 485–485 (74 sections).

Applied in 1 court decision — leading case SIMMONS VS. BRIONES (2017)

Most recently applied in SIMMONS VS. BRIONES (March 2017)

(Added to NRS by 1957, 724; A 1963, 221; 1969, 177; 1981, 628; 2015, 1651; 2017, 1341)

Judgments must for the purpose of this chapter only, be deemed satisfied:

1. When $25,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one crash;

2. When, subject to the limit of $25,000 because of bodily injury to or death of one person, the sum of $50,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of two or more persons as the result of any one crash; or

3. When $20,000 has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one crash,

Ê but payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle crash must be credited in reduction of the amounts provided for in this section.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.