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NRS 686C.152 - Duties regarding insolvent insurers. [Effective January 1, 2020.]

NV Rev Stat § 686C.152 (2019) (N/A)
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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)

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NRS 686C.152 - Duties regarding insolvent insurers. [Effective through December 31, 2019.]
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NRS 686C.153 - Provision of substitute benefits and coverage with respect to life and health insurance policies and annuities. [Effective through December 31, 2019.]