Bill > SB180

This bill revises insurance requirements for motor carriers in Nevada, specifically targeting fully regulated carriers that transport freight and other common, contract, and private carriers transporting intrastate freight using vehicles with a gross vehicle weight rating of 26,000 pounds or more. The bill mandates a progressive increase in the minimum liability insurance or surety amounts: starting at $1,000,000 on January 1, 2026, increasing to $1,250,000 on January 1, 2028, and reaching $1,500,000 on January 1, 2030. These requirements are aimed at ensuring that motor carriers have sufficient financial protection to cover potential damages or injuries resulting from their operations. The Nevada Transportation Authority and the Department of Motor Vehicles will be responsible for implementing and enforcing these new insurance requirements, with the flexibility to jointly prescribe specific regulations regarding the amounts and forms of insurance. The bill becomes effective upon passage for administrative preparations and will fully take effect on October 1, 2025, giving carriers time to adjust to the new insurance mandates.