Which statement about uninsured and underinsured motorists coverage in Nevada is NOT correct?

In Nevada, the law stipulates that insurers are not required to reoffer uninsured and underinsured motorist coverage (UM/UIM) specifically upon the replacement or reinstatement of a policy. When an insured first purchases a policy, the insurer must provide the option for this coverage. However, during the replacement or reinstatement process, the insured does not have to be re-offered the same coverage, making the statement regarding the requirement of re-offering at that stage inaccurate.

The first statement regarding the insurer offering the coverage on initial policy issuance is correct because insurers must present this option when a policy is first issued. Coverage must be included at all times in the sense that if the insured chooses it, then it must remain as part of the coverage during the life of the policy. Finally, the coverage limits may vary by policy as insurers offer different limits and tailored choices based on the needs of the insured, which aligns with standard insurance practices. Thus, the distinction made in the correct answer highlights the specific requirements set forth by Nevada law surrounding UM/UIM coverage.