Strategies, Challenges, and Answers

Stacking

998524_tranquility_4 In Nevada, a valid anti-stacking provision must satisfy three prerequisites under NRS 687B.145(1) .

“First, the limiting provision must be expressed in clear language.”

“Second, the provision must be prominently displayed in the policy, binder or endorsement.”

“Finally, the insured must not have purchased separate coverage on the same risk nor paid a premium calculated for full reimbursement under that coverage.”

Accordingly, a limiting provision is void if it fails to comply with any of these three requirements.  See Nationwide Mut. Ins. Co. v. Coatney, 118 Nev. 180, 42 P.3d 265 (2002).

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