NRS686C.152. Duties regarding insolvent insurers.

Latest version.

If a member insurer is an insolvent insurer, the Association shall:

      1. Guarantee, assume or reinsure, or cause to be guaranteed, assumed 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)

                    
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