Nevada Code § 331.186

Factors for determining need for, form and amount of insurance coverages
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In determining the need
for, form and amount of insurance coverages, the State Risk Manager shall
consider:
1. Omission of insurance coverage on
property and risks for which insurance and claim adjustment costs would be
disproportionately high in relation to the amount of risk.
2. Economies possible through the use of
reasonable deductibles.
3. Use of comprehensive coverages and
blanket coverages insuring property of two or more state agencies.
4. Reliability and financial condition of
insurers, and the services which they provide.
5. Means whereby risks may be improved
through reduction in insurance losses and costs.

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