Nevada § 396.433 - Fidelity and other insurance
Full text of Nevada Nevada Revised Statutes § 396.433 — Fidelity and other insurance, with citation guidance and answers to common questions.
§ 396.433. Fidelity and other insurance
1. The Board of Regents may budget for and purchase fidelity insurance and insurance
against: (a) Any liability arising under NRS 41.031 . (b) Tort liability on the part of any of its employees resulting from an act or omission
in the scope of his or her employment. (c) The expense of defending a claim against itself whether or not liability exists
on such claim. 2. Such insurance shall be limited in amount according to the limitation of liability
imposed by NRS 41.035 and shall be purchased from companies authorized to do business in the State of Nevada. 3. Each contract of insurance shall be free of any condition of contingent liability
and shall contain a clause which provides that no assessment may be levied against
the insured over and above the premium fixed by such contract.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.433
What does Nevada Revised Statutes § 396.433 cover?
Section 396.433 ("Fidelity and other insurance") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 396.433?
A common citation format is "Nevada Revised Statutes § 396.433" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 396.433 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.