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2019 Nevada Revised Statutes
Chapter 686C - Nevada Life and Health Insurance Guaranty Association
NRS 686C.260 - Refund to member insurers. [Effective January 1, 2020.]
Universal Citation: NV Rev Stat § 686C.260 (2019)
The Board of Directors may, by an equitable method as established in the plan of operation, refund to member insurers, in proportion to the contribution of each member insurer to that account, the amount by which the assets of the account exceed the amount the Board finds is necessary to carry out during the coming year the obligations of the Association with regard to that account, including assets accruing from assignment, subrogation, net realized gains and income from investments. A reasonable amount may be retained in any account to provide funds for the continuing expenses of the Association and for future claims.
(Added to NRS by 1973, 307; A 1991, 877; 2001, 1043; 2019, 1101, effective January 1, 2020)
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