Nevada § 686C.152 Duties regarding insolvent insurers

Nevada Statutes

§ 686C.152 — Duties regarding insolvent insurers

Nevada § 686C.152

Title 57INSURANCE

Ch. 686CNevada

ORGANIZATION; POWERS AND DUTIES

This text of Nevada § 686C.152 (Duties regarding insolvent insurers) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 686C.152 (2026).

Text

If a member insurer is an insolvent insurer, the Association shall: 1. Guarantee, assume, reissue or reinsure, or cause to be guaranteed, assumed, reissued 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 .

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If a member insurer is an insolvent insurer, the Association shall:
1. Guarantee, assume, reissue or reinsure, or cause to be guaranteed, assumed, reissued 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 .