NRS 686C.020
Purpose of chapter.

The purpose of this chapter is to protect, within certain limits, the persons specified in subsections 1 and 2 of NRS 686C.030 against failure in the performance of contractual obligations under life and health insurance policies and contracts, and annuities, specified in subsection 4 of NRS 686C.030 because of the impairment or insolvency of a member insurer issuing such policies or contracts.

Source: Section 686C.020 — Purpose of chapter., https://www.leg.state.nv.us/NRS/NRS-686C.html#NRS686CSec020.

686C.010
Short title. 686C.020
Purpose of chapter. 686C.030
Scope of chapter: Coverage provided. 686C.035
Scope of chapter: Coverage not provided. 686C.038
Applicability of chapter to riders for long-term care. 686C.040
Definitions. 686C.045
“Account” defined. 686C.048
“Annuity” defined. 686C.050
“Association” defined. 686C.055
“Authorized assessment” defined. 686C.061
“Benefit plan” defined. 686C.065
“Called assessment” defined. 686C.070
“Contractual obligation” defined. 686C.080
“Covered policy or contract” defined. 686C.084
“Extra-contractual claim” defined. 686C.087
“Health maintenance organization” defined. 686C.090
“Impaired insurer” defined. 686C.095
“Insolvent insurer” defined. 686C.100
“Member insurer” defined. 686C.104
“Owner” defined. 686C.108
“Person” defined. 686C.110
“Premiums” defined. 686C.115
“Principal place of business” defined. 686C.120
“Resident” defined. 686C.123
“State” defined. 686C.124
“Structured settlement annuity” defined. 686C.125
“Supplemental contract” defined. 686C.127
“Unallocated annuity contract” defined. 686C.128
Document describing general purposes and current limitations of chapter: Preparation

Last Updated

Feb. 5, 2021

§ 686C.020’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_686c.020

Original Source: Section 686C.020 — Purpose of chapter., https://www.leg.state.nv.us/NRS/NRS-686C.html#NRS686CSec020 (last accessed Feb. 5, 2021).