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NRS 706.306

Operator of taxicab: Maintenance of security; affidavit required upon relinquishment of certificate of self-insurance

Known as the Interstate Highway User Fee Apportionment Act

The act spans §§ 706–706 (285 sections).

(Added to NRS by 1989, 1786)

1. Any security deposited pursuant to NRS 706.3054 or 706.3056 must be maintained for as long as the depositor holds a certificate of self-insurance or until all claims against the depositor which remain outstanding have reached final judgment and are paid, whichever is later.

2. At the time of relinquishing a certificate of self-insurance, an operator of a taxicab shall submit to the Department a properly executed affidavit indicating all claims against the operator which are outstanding. The affidavit must contain the name of each claimant and the amount of each claim.

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