NRS 687A.040
Nevada Insurance Guaranty Association created.

There is hereby created a nonprofit unincorporated legal entity to be known as the Nevada Insurance Guaranty Association. All member insurers must be members of the Association as a condition of their authority to transact insurance in this state. The Association shall perform its functions under a plan of operation established and approved pursuant to NRS 687A.070 and shall exercise its powers through a Board of Directors established under NRS 687A.050.

Source: Section 687A.040 — Nevada Insurance Guaranty Association created., https://www.leg.state.nv.us/NRS/NRS-687A.html#NRS687ASec040 (accessed May 26, 2025).

687A.010
Short title. 687A.020
Applicability. 687A.030
Definitions. 687A.031
“Association” defined. 687A.032
“Assumed claims transaction” defined. 687A.033
“Covered claim” defined. 687A.035
“Insolvent insurer” defined. 687A.037
“Member insurer” defined. 687A.039
“Net direct written premiums” defined. 687A.040
Nevada Insurance Guaranty Association created. 687A.050
Board of Directors. 687A.060
Obligations, rights, powers and duties of Association. 687A.070
Plan of operation. 687A.080
Powers and duties of Commissioner. 687A.090
Subrogation 687A.095
Claim against person insured by insolvent insurer which is not covered claim. 687A.100
Exhaustion of remedies of insured. 687A.103
Reimbursement of Association by insolvent insurer. 687A.107
Hearing to determine whether insurer insolvent. 687A.110
Detection and prevention of insolvency: Powers and duties of Board of Directors. 687A.115
Detection and prevention of insolvency: Powers of Commissioner. 687A.120
Examination of Association 687A.130
Association tax exempt 687A.140
Rates and premiums to include recoupment of amount paid by Association. 687A.150
Immunity from liability. 687A.160
Proceedings involving insolvent insurer: Stay

May 26, 2025

§ 687A.040. Nev. Ins. Guaranty Ass’n created.'s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_687a.040

Original Source: Section 687A.040 — Nevada Insurance Guaranty Association created., https://www.leg.state.nv.us/NRS/NRS-687A.html#NRS687ASec040 (last accessed May 10, 2025).