Section 485.304 - Payments sufficient to satisfy requirements Judgments must for the purpose of this chapter only, be deemed satisfied:
1. When $25,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one crash;2. When, subject to the limit of $25,000 because of bodily injury to or death of one person, the sum of $50,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of two or more persons as the result of any one crash; or3. When $20,000 has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one crash, but payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle crash must be credited in reduction of the amounts provided for in this section.
Added to NRS by 1957, 724; A 1963, 221; 1969, 177; 1981, 628; 2015, 1651; 2017, 1341Amended by 2017, Ch. 258,§4, eff. 7/1/2018.Amended by 2015, Ch. 317,§57, eff. 1/1/2016.Added to NRS by 1957, 724; A 1963, 221; 1969, 177; 1981, 628