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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Not later than 1 year after the date of entry of an order appointing a receiver in delinquency proceedings for an insurer pursuant to this chapter, and at such intervals as may be agreed to between the receiver and a guaranty association but in no event less frequently than annually, each guaranty association which is affected by the delinquency proceedings shall comply with all applicable requirements for financial reporting as specified by the National Association of Insurance Commissioners.
2. In addition to satisfying any filing requirements established by the National Association of Insurance Commissioners, each guaranty association which is affected by the delinquency proceedings shall file the reports and other documents required by this section with:
(a) The court that has jurisdiction over the receivership;
(b) The Commissioner; and
(c) The receiver.
3. For good cause shown, the court may grant an extension or modification of time to comply with subsection 1 or such other relief as may be appropriate.
4. As used in this section, “guaranty association” means the Nevada Insurance Guaranty Association, the Nevada Life and Health Insurance Guaranty Association or a similar organization in another jurisdiction, as applicable.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 696B.334. Reporting and filing requirements of guaranty association; extension or modification of time - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-696b-334/
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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