An insurer may insure against legal liability for exemplary or punitive damages that do not arise from a wrongful act of the insured committed with the intent to cause injury to another.
NRS 681A.095
Insurance against legal liability for exemplary or punitive damages
Applied in 2 court decisions — leading case Fairfield Insurance Co. v. Stephens Martin Paving, LP (2008)
Most recently applied in Fairfield Insurance Co. v. Stephens Martin Paving, LP (February 2008)
(Added to NRS by 1995, 2671)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.