AB439A

Nevada AB439A revises insurance contract arbitration provisions, making them non-binding for insured claimants.

Nevada AB439A amends the Nevada Insurance Code to modify arbitration provisions in various insurance contracts. It specifies that arbitration clauses in health insurance, benefit contracts, and other insurance policies are not binding on insured individuals who file claims. If an insurance policy includes an arbitration clause, it must also include a statement clarifying that the arbitration provision does not bind the insured claimant. The changes apply to new or renewed policies but do not affect existing contracts.