NRS 706.305 Operators of taxicabs: Liability insurance required to be provided; amount of coverage; regulations.
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NRS 706.305 Operators of taxicabs: Liability insurance required to be provided; amount of coverage; regulations. The Authority shall adopt regulations requiring all operators of taxicabs subject to its regulation and supervision to maintain a contract of insurance against liability for injury to persons and damage to property for each taxicab. The amounts of coverage required by the regulations:
1. Must not exceed a total of:
(a)For bodily injury to or the death of one person in any one crash, $250,000;
(b)Subject to the limitations of paragraph (a), for bodily injury to or death of two or more persons in any one crash, $500,000; and
(c)For injury to or destruction of property in any one crash, $50,000; or
2. Must not exceed a combined single-limit for bodily injury to one or more persons and for injury to or destruction of property in any one crash, $500,000.