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2019 Nevada Revised Statutes
Chapter 694B - Reciprocal Insurers
NRS 694B.210 - Time limit for assessments.
Universal Citation: NV Rev Stat § 694B.210 (2019)
Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his or her share of any assessment, as computed and limited in accordance with this chapter, if:
1. While the policy of the subscriber is in force or within 1 year after its termination, the subscriber is notified by either the attorney or the Commissioner of his or her intentions to levy such assessment; or
2. If an order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his or her policy is in force or within 1 year after its termination.
(Added to NRS by 1971, 1833)
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