EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

1-1 Section 1. NRS 687B.145 is hereby amended to read as follows:

1-2 687B.145 1. Any policy of insurance or endorsement providing

1-17 approved by the commissioner, uninsured and underinsured vehicle

2-1 coverage in an amount equal to the limits of coverage for bodily injury sold

2-2 to an insured under a policy of insurance covering the use of a passenger

2-3 car. The insurer is not required to reoffer the coverage to the insured in any

2-4 replacement, reinstatement, substitute or amended policy, but the insured

2-5 may purchase the coverage by requesting it in writing from the insurer.

2-6 Each renewal must include a copy of the form offering such coverage.

2-7 Uninsured and underinsured vehicle coverage must include a provision

2-8 which enables the insured to recover up to the limits of his own coverage

2-9 any amount of damages for bodily injury from his insurer which he is

2-10 legally entitled to recover from the owner or operator of the other vehicle to

2-11 the extent that those damages exceed the limits of the coverage for bodily

2-12 injury carried by that owner or operator.

2-13 3. An insurance company transacting motor vehicle insurance in this

2-14 state must offer an insured , under a policy covering the use of a passenger

2-15 car, the option of purchasing coverage in an amount of at least $1,000 for

2-16 the payment of reasonable and necessary medical expenses resulting from

2-17 an accident. The offer must be made on a form that:

2-18 (a) Is separate from the policy;

2-19 (b) Contains a space for the insured to indicate whether he accepts the

2-20 coverage; and

2-21 (c) Is approved by the commissioner. The insurer must obtain the

2-22 express written acceptance of the coverage from the insured before it

2-23 may charge the insured for the coverage.

2-24 The insurer is not required to reoffer the coverage to the insured in any

2-25 replacement, reinstatement, substitute or amended policy, but the insured

2-26 may purchase the coverage by requesting it in writing from the insurer.

2-27 Each renewal must include a copy of the form offering such coverage.

2-28 4. An insurer who makes a payment to an injured person on account of

2-29 underinsured vehicle coverage as described in subsection 2 is not entitled to

2-30 subrogation against the underinsured motorist who is liable for damages to

2-31 the injured payee. This subsection does not affect the right or remedy of an

2-32 insurer under subsection 5 of NRS 690B.020 with respect to uninsured

2-33 vehicle coverage. As used in this subsection, "damages" means the amount

2-34 for which the underinsured motorist is alleged to be liable to the claimant in

2-35 excess of the limits of bodily injury coverage set by the underinsured

2-36 motorist’s policy of casualty insurance.

2-37 5. An insurer need not offer, provide or make available uninsured or

2-38 underinsured vehicle coverage in connection with a general commercial

2-39 liability policy, an excess policy, an umbrella policy or other policy that

2-40 does not provide primary motor vehicle insurance for liabilities arising out

2-41 of the ownership, maintenance, operation or use of a specifically insured

2-42 motor vehicle.

3-1 6. As used in this section:

3-2 (a) "Excess policy" means a policy that protects a person against loss in

3-3 excess of a stated amount or in excess of coverage provided pursuant to

3-4 another insurance contract.

3-5 (b) "Passenger car" has the meaning ascribed to it in NRS 482.087.

3-6 (c) "Umbrella policy" means a policy that protects a person against

3-7 losses in excess of the underlying amount required to be covered by other

3-8 policies.