NRS 687A.050
Board of Directors.

1.

The Board of Directors of the Association shall consist of not fewer than five nor more than nine persons. The members of the Board shall be appointed by the Commissioner and shall serve at the discretion of the Commissioner. Vacancies on the Board shall be filled in the same manner as initial appointments.

2.

A majority of the members appointed shall be the designated representatives of member insurers. If practicable, one of the members appointed as a designated representative of the member insurers must be an officer of a domestic insurer. The Commissioner shall consider among other things whether all member insurers are fairly represented.

3.

Members of the Board may be reimbursed from the assets of the Association for expenses incurred by them as members of the Board of Directors.

Source: Section 687A.050 — Board of Directors., https://www.leg.state.nv.us/NRS/NRS-687A.html#NRS687ASec050.

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

Last Updated

Feb. 5, 2021

§ 687A.050’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_687a.050

Original Source: Section 687A.050 — Board of Directors., https://www.leg.state.nv.us/NRS/NRS-687A.html#NRS687ASec050 (last accessed Feb. 5, 2021).