NRS 686B.210
Nevada Essential Insurance Association: Establishment

membership
plan of operation.

1.

If after a hearing the Commissioner determines that a voluntary or mandatory plan would, in the judgment of the Commissioner, fail for any reason to provide essential insurance coverage, the Commissioner may, by regulation, establish a nonprofit unincorporated legal entity to be known as the Nevada Essential Insurance Association. All insurers required to participate pursuant to subsection 3 of NRS 686B.180 shall become members of the Association as a condition of their authority to transact insurance in this state.

2.

The Association shall perform its functions under a plan of operation established by regulations promulgated by the Commissioner pursuant to subsection 1 of NRS 686B.180.

Source: Section 686B.210 — Nevada Essential Insurance Association: Establishment; membership; plan of operation., https://www.leg.state.nv.us/NRS/NRS-686B.html#NRS686BSec210.

686B.210
Nevada Essential Insurance Association: Establishment 686B.220
Nevada Essential Insurance Association: Board of Directors 686B.230
Nevada Essential Insurance Association: General powers. 686B.240
Nevada Essential Insurance Association: Powers of Commissioner and Association. 686B.250
Nevada Essential Insurance Association: Immunity from liability. 686B.260
Conversion into domestic stock insurer: “Insured” defined. 686B.270
Conversion into domestic stock insurer: Applicability of certain provisions governing nonprofit cooperative corporations. 686B.280
Conversion into domestic stock insurer: Filing and contents of notice of intent to qualify. 686B.290
Conversion into domestic stock insurer: Notice to insurers and insureds 686B.300
Conversion into domestic stock insurer: Determination of percentage of stock for each insured. 686B.310
Conversion into domestic stock insurer: Capitalization. 686B.320
Conversion into domestic stock insurer: Issuance of certificate of authority. 686B.330
Conversion into domestic mutual insurer or domestic reciprocal insurer: “Insured” defined. 686B.350
Conversion into domestic mutual insurer or domestic reciprocal insurer: Filing and contents of notice of intent to qualify. 686B.360
Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured 686B.370
Conversion into domestic mutual insurer or domestic reciprocal insurer: Issuance of certificate of authority.

Last Updated

Feb. 5, 2021

§ 686B.210’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_686b.210

Original Source: Section 686B.210 — Nevada Essential Insurance Association: Establishment; membership; plan of operation., https://www.leg.state.nv.us/NRS/NRS-686B.html#NRS686BSec210 (last accessed Feb. 5, 2021).