Carson City, NV April 29, 2020
There is good
news for Nevada drivers as many will receive premium refunds for their auto
insurance policies as a result of less claims being paid as Nevadans continue
to “Stay Home for Nevada”.
“There are fewer
cars on the road here in Nevada and many insurance carriers have reported
significant decreases in claims. Fewer claims saves money which the carriers
are now providing back to their consumers. This means money will be going
back to consumers’ pockets in a time when relief is needed the most.” said
Insurance Commissioner Barbara Richardson.
The Division of
Insurance (“Division”) has reviewed and approved recent requests from auto
insurance companies to provide premium refund credits, checks, dividends,
and similar measures in response to the stay at home orders and other
disruptions brought about by the COVID-19 pandemic.
insurance companies are currently participating will be notified directly by
their insurance company. Consumers do not need to take any action to receive
The Division is
encouraging more insurance companies to consider taking this step to help
Nevadans during this difficult time. The Division will promptly review all
filings and will approve all reasonable proposals for consumer relief.
have questions about premium relief refunds are encouraged to contact their
insurance company first. If they have additional questions, they may contact
the Division by emailing email@example.com.
About the Nevada Division of Insurance
The State of
Nevada Division of Insurance, a Division of the Nevada Department of Business
and Industry, protects the rights of Nevada consumers and regulates Nevada’s
$14 billion insurance industry. The Division of Insurance has offices in Carson
City and Las Vegas. In 2019, the Division investigated more than 2,750 consumer
complaints, answered over 10,700 inquiries, and recovered over $6.3 million on
behalf of consumers. For more information about the Division of Insurance,
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