NRS116B.570. Insurance: Policies.

  Insurance policies carried pursuant to this chapter must provide to the extent reasonably available that:

      1.  Each unit’s owner is an insured person under the policy with respect to liability arising out of his or her interest in the common elements or membership in the association;

      2.  The insurer waives its right to subrogation under the policy against any unit’s owner or member of his or her household;

      3.  No act or omission by any unit’s owner, unless acting within the scope of his or her authority on behalf of the association, will void the policy or be a condition to recovery under the policy; and

      4.  If, at the time of a loss under the policy, there is other insurance in the name of a unit’s owner covering the same risk covered by the policy, the association’s policy or the hotel unit owners’ policy, as applicable, provides primary insurance.

      (Added to NRS by 2007, 2233)