Nevada § 686C.2241 Assumption of reinsurance contracts: Suspension of rights and obligations for period after order of liquidation

Nevada Statutes

§ 686C.2241 — Assumption of reinsurance contracts: Suspension of rights and obligations for period after order of liquidation

Nevada § 686C.2241

Title 57INSURANCE

Ch. 686CNevada

ORGANIZATION; POWERS AND DUTIES

This text of Nevada § 686C.2241 (Assumption of reinsurance contracts: Suspension of rights and obligations for period after order of liquidation) 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.2241 (2026).

Text

1. During the period after the date of an order of liquidation until the election date, or, if the election date does not occur, until 180 days after the date of the order of liquidation:

(a)Neither the Association nor the reinsurer shall have any rights or obligations under reinsurance contracts that the Association has the right to assume under NRS 686C.224 , whether for periods before or after the date of the order of liquidation.

(b)The reinsurer, the receiver and the Association shall, to the extent practicable, provide each other data and records as reasonably requested. 2. Once the Association has elected to assume a reinsurance contract, the parties’ rights and obligations are governed by the provisions of NRS 686C.224 .

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1. During the period after the date of an order of liquidation until the election date, or, if the election date does not occur, until 180 days after the date of the order of liquidation:
(a) Neither the Association nor the reinsurer shall have any rights or obligations under reinsurance contracts that the Association has the right to assume under NRS 686C.224 , whether for periods before or after the date of the order of liquidation.
(b) The reinsurer, the receiver and the Association shall, to the extent practicable, provide each other data and records as reasonably requested.
2. Once the Association has elected to assume a reinsurance contract, the parties’ rights and obligations are governed by the provisions of NRS 686C.224 .