Fund for Insurance Premiums: Deposit of money received from insurance companies in payment of losses incurred on state buildings or property; exception.

  1. Law
  2. Nevada Revised Statutes
  3. Administration and Control of State Buildings, Grounds and Properties
  4. Fund for Insurance Premiums: Deposit of money received from insurance companies in payment of losses incurred on state buildings or property; exception.

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1. Except as otherwise provided in subsection 2, all money received from insurance companies in payment of losses incurred upon buildings and other property belonging to the State must be deposited in the Fund for Insurance Premiums.

2. Money received from insurance companies under first-party coverage in payment of losses incurred upon buildings and other property controlled and administered by the Department of Transportation must be deposited in the State Highway Fund.

(Added to NRS by 1979, 628; A 1985, 545; 1989, 312; 1997, 916)


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