There is a newer version
of
this Statute
2019 Nevada Revised Statutes
Chapter 686C - Nevada Life and Health Insurance Guaranty Association
NRS 686C.152 - Duties regarding insolvent insurers. [Effective January 1, 2020.]
Universal Citation: NV Rev Stat § 686C.152 (2019)
If a member insurer is an insolvent insurer, the Association shall:
1. Guarantee, assume, reissue or reinsure, or cause to be guaranteed, assumed, reissued or reinsured, the policies or contracts of the insolvent insurer; or
2. Ensure payment of the contractual obligations of the insolvent insurer and:
(a) Provide such money, pledges, loans, notes, guarantees or other means as are reasonably necessary to discharge its duties; or
(b) Provide benefits and coverages in accordance with NRS 686C.153 and 686C.154.
(Added to NRS by 1991, 865; A 2001, 1036; 2019, 1090, effective January 1, 2020)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
