Contact: Yeraldin Deavila, Public
Information Officer
Phone: (775) 687-0772
E-mail: ydeavila@doi.nv.gov
FOR IMMEDIATE RELEASE– April 29, 2020
Nevadans to
Receive Premium Relief Refunds for Auto Insurance Policies
Carson City, NV – 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.
Consumers whose insurance companies are
currently participating will be notified directly by their insurance company.
Consumers do not need to take any action to receive such relief.
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.
Consumers who 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 cscc@doi.nv.gov.
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, visit DOI.NV.GOV.
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