Nevada § 686C.2249 Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions

Nevada Statutes

§ 686C.2249 — Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions

Nevada § 686C.2249

Title 57INSURANCE

Ch. 686CNevada

ORGANIZATION; POWERS AND DUTIES

This text of Nevada § 686C.2249 (Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions) 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.2249 (2026).

Text

1. Except as otherwise provided in NRS 686C.130 to 686C.226 , inclusive, nothing in NRS 686C.224 to 686C.2249 , inclusive, shall alter or modify the terms and conditions of any reinsurance contract. 2. Nothing in this section shall:

(a)Abrogate or limit any rights of any reinsurer to claim that it is entitled to rescind a reinsurance contract;

(b)Give a policy or contract owner, certificate holder, enrollee or beneficiary an independent cause of action against a reinsurer that is not otherwise set forth in the reinsurance contract;

(c)Limit or affect the Association’s rights as a creditor of the estate against the assets of the estate; or

(d)Apply to reinsurance agreements covering property or casualty risks.

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1. Except as otherwise provided in NRS 686C.130 to 686C.226 , inclusive, nothing in NRS 686C.224 to 686C.2249 , inclusive, shall alter or modify the terms and conditions of any reinsurance contract.
2. Nothing in this section shall:
(a) Abrogate or limit any rights of any reinsurer to claim that it is entitled to rescind a reinsurance contract;
(b) Give a policy or contract owner, certificate holder, enrollee or beneficiary an independent cause of action against a reinsurer that is not otherwise set forth in the reinsurance contract;
(c) Limit or affect the Association’s rights as a creditor of the estate against the assets of the estate; or
(d) Apply to reinsurance agreements covering property or casualty risks.