Nevada § 687A.110 Detection and prevention of insolvency: Powers of Board of Directors

Nevada Statutes

§ 687A.110 — Detection and prevention of insolvency: Powers of Board of Directors

Nevada § 687A.110

Title 57INSURANCE

Ch. 687ANevada

This text of Nevada § 687A.110 (Detection and prevention of insolvency: Powers of Board of Directors) 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.110 (2026).

Text

To aid in the detection and prevention of insurer insolvencies:

1.The Board of Directors may, upon majority vote, make recommendations to the Commissioner upon any matter generally related to improving or enhancing regulation for solvency.

2.The Board of Directors may, upon majority vote, make recommendations to the Commissioner for the detection and prevention of insurer insolvencies.

3.The Board of Directors may, at the conclusion of any insolvency of a domestic insurer in which the Association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the Association, and submit such report to the Commissioner.

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To aid in the detection and prevention of insurer insolvencies:
1. The Board of Directors may, upon majority vote, make recommendations to the Commissioner upon any matter generally related to improving or enhancing regulation for solvency.
2. The Board of Directors may, upon majority vote, make recommendations to the Commissioner for the detection and prevention of insurer insolvencies.
3. The Board of Directors may, at the conclusion of any insolvency of a domestic insurer in which the Association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the Association, and submit such report to the Commissioner.