What is the maximum amount of basic, medical, and surgical insurance or major medical insurance guaranteed?

The maximum amount of basic, medical, and surgical insurance or major medical insurance that is guaranteed under Nevada law is $500,000. This limit is established to ensure a certain level of coverage for individuals while also balancing the affordability of insurance premiums. This figure reflects the regulatory framework within which insurance companies operate, ensuring that policyholders have access to a substantial amount of medical coverage in the event of significant health issues, surgeries, or hospital stays.

Choosing $500,000 as the maximum reflects a standard that helps to protect consumers by providing them with enough coverage to manage serious health concerns, while also delineating the boundaries of insurance products to maintain a sustainable insurance market.