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Nevada Revised Statutes Title 57. Insurance § 686C.152. Duties regarding insolvent insurers

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 686C.152. Duties regarding insolvent insurers - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-686c-152/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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