No. Most Key Insurance Company (“Key Insurance”) policies have already been cancelled or nonrenewed, and all remaining policies are in the process of being cancelled.

You need to get new auto insurance coverage right away because you do not have auto insurance. Auto insurance is required by law for all Nevada drivers.

Work with your agent or broker to help you get coverage. All agents and brokers authorized to sell Key Insurance have been notified that Key Insurance policies have been nonrenewed or are being cancelled.

You can learn more about Auto Insurance in Nevada on our website here - https://doi.nv.gov/Consumers/Automobile-Insurance/

Please note that the Division of Insurance is not involved in DMV matters.

Anyone who has a lapse in insurance coverage could be fined by the Nevada Department of Motor Vehicles (“DMV”).

The DMV is aware of the situation involving Key Insurance and is evaluating each lapse of coverage. To notify DMV that you have been affected by the Key Insurance receivership, policyholders should complete the DMV Smart Form using the following link: DMV Smart Form.  Once submitted, the DMV will verify records, assess the time frame of any coverage gap, and determine whether a fine is applicable. 

On March 3, 2025, Key Insurance was placed into receivership by a court in its domiciliary state of Kansas, and Key Insurance was no longer allowed to sell or renew insurance policies.

On March 31, 2025, the court ordered that Key Insurance be liquidated effective April 1, 2025, requiring Key Insurance to cancel all remaining policies.

No, it should not. However, if you experience an issue inform your broker or agent that the cancellation or nonrenewal is not your fault but is due to Key Insurance Company's insolvency.

The Division encourages you to work with trusted local agents or brokers to obtain new coverage. If you are unable to obtain coverage, you can contact the Western Association of Automobile Insurance Plan (“WAAIP”), which is available to identify coverage options for qualified individuals. WAAIP is a processing center where people who have trouble buying automobile insurance are put in touch with an insurance company that will insure them. Contact the Western Association of Automobile Insurance Plan at (800) 227-4659 for assistance.

For consumers unable to find coverage due to challenges from being nonrenewed or cancelled, contact the Nevada Division of Insurance for assistance by calling Toll-free: (888) 872-3234 or via Email: insinfo@doi.nv.gov

If you attempted to renew your insurance policy with an effective date on or after March 4, 2025, and paid a premium to Key Insurance, you should receive a refund. Refunds are being processed using the same payment method initially used, with no action required from policyholders.

“Receivership” is a court process, like bankruptcy, for insurance companies that do not have enough money to pay their debts. The court appoints a “receiver” to manage operations at the insurance company to determine the financial status of the company and to determine how best to protect policyholders and the public. Depending on the circumstances, the company may be rehabilitated (operations adjusted), liquidated (company closed), or returned to private management (no change).

The Kansas Insurance Commissioner determined that Key Insurance was insolvent—Key Insurance did not have enough money to cover its debts. As a result, liquidation became necessary to ensure the money Key Insurance has goes to policyholder claims before anyone else.

See What is the difference between a claim and a proof of claim? below.

Claims before policy cancellation. Claims for events that occurred while the insurance policy was in effect will be evaluated by the Nevada Insurance Guaranty Association according to Nevada law. The Association will decide whether the claim will be paid.

Claims after policy cancellation. If a claim occurs after the policy was cancelled and before you obtain new coverage, the claim will not be covered.

The Nevada Insurance Guaranty Association may cover the claims up to a certain limit set by Nevada law of Nevada policyholders whose auto insurance company goes into receivership. If a company becomes insolvent, claims are sent to the Association for determination on whether the claim will be paid and how much of the claim will be paid. This applies to those who had a claim prior to the nonrenewal or cancellation of their policies.

If you are a policyholder whose claim was rejected by the Nevada Insurance Guaranty Association, you may have to file a proof of claim.  Contact the Special Deputy Receiver.  All proofs of claim must be filed by April 1, 2026.

If you believe Key Insurance owes you money (unrelated to auto insurance coverage) and wish to pursue it, you must file a proof of claim by April 1, 2026, with the Special Deputy Receiver.  Your proof of claim will then be considered based on the priority classes set forth in Kansas law.

A "claim" against insurance coverage is not the same thing as a "proof of claim".

A claim is when a policyholder or other person involved in an incident seek coverage against the insurance policy. For example, if you were involved in an accident, you or the other person in the accident file a claim under the insurance policy.

A proof of claim is a form approved by a court that must be filed by any person who is or may be owed money by an insurance company for matters not covered by an insurance policy. For example, If you were hired by the insurance company to provide a service to the company (clean offices, tech support, etc.), you would need to file a proof of claim for moneys you claim are owed. If you have a court-ordered judgment against the insurance company, you may need to file a proof of claim.

Contact the Special Deputy Receiver for instruction.

The Key Insurance website will be updated with the latest information about the receivership. Please visit https://keyinsco.com/

If you have insurance - You are encouraged to reach out to your insurance company to submit a claim, and Key Insurance will transfer your claim against Key Insurance to the Nevada Insurance Guaranty Association. The Association will then contact you.

If you do not have insurance - You must wait until Key Insurance transfers your claim to the Nevada Insurance Guaranty Association. The Association will then contact you. 

Any producer who believes commissions are owed must file a proof of claim with the Special Deputy Receiver.

All judgments that have not been satisfied must file a proof of claim by April 1, 2026, with the Special Deputy Receiver. Your proof of claim will then be considered based on the priority classes set forth in Kansas law.

The Kansas Court ordered an injunction and stay of all actions against Key Insurance across the country. This means that all suits against Key Insurance must stop and as allowed by law, the existing suits are transferred to the Kansas Court.