Nevada § 687A.050 Board of Directors: Members; vacancies; reimbursement of expenses

Nevada Statutes

§ 687A.050 — Board of Directors: Members; vacancies; reimbursement of expenses

Nevada § 687A.050

Title 57INSURANCE

Ch. 687ANevada

This text of Nevada § 687A.050 (Board of Directors: Members; vacancies; reimbursement of expenses) 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. § 687A.050 (2026).

Text

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.

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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.