Form SI-02 Application for Self-insurance - Nevada

What Is Form SI-02?

This is a legal form that was released by the Nevada Department of Motor Vehicles - a government authority operating within Nevada. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form SI-02?A: Form SI-02 is the Application for Self-insurance in Nevada.

Q: Who needs to use Form SI-02?A: Form SI-02 is used by entities in Nevada who wish to apply for self-insurance.

Q: What is self-insurance?A: Self-insurance is a program that allows an entity to provide their own insurance coverage for certain liabilities.

Q: What information is required on Form SI-02?A: Form SI-02 requires information about the entity, its financials, and the types of liabilities it wishes to self-insure.

Q: Can I apply for self-insurance if I have a history of insurance claims?A: Each application for self-insurance is evaluated on a case-by-case basis. Having a history of insurance claims does not automatically disqualify an entity from obtaining self-insurance.

Q: What are the benefits of self-insurance?A: The benefits of self-insurance include cost savings, more control over insurance coverage, and the ability to tailor coverage to specific needs.

Q: Can I cancel my self-insurance coverage?A: Yes, self-insurance coverage can be cancelled by submitting a notice to the Nevada Division of Insurance. However, there may be certain requirements and obligations that must be fulfilled before cancellation can take effect.