Nevada Revised Statutes
Chapter 686C - Nevada Life and Health Insurance Guaranty Association
NRS 686C.030 - Scope of chapter: Coverage provided.

1. This chapter provides coverage for the life insurance, health insurance and annuity policies or contracts described in subsection 4 to persons who are:
(a) Owners of, enrollees in or certificate holders under such policies or contracts, other than structured settlement annuities, and who:
(1) Are residents of this state; or
(2) Are not residents, but only if:
(I) The member insurer that issued the policies or contracts is domiciled in this state;
(II) The states in which the persons reside have associations similar to the Association created by this chapter; and
(III) The persons are not eligible for coverage by an association in another state because the member insurer was not authorized in the other state at the time specified in that state’s law governing guaranty associations; and
(b) Regardless of where they reside, beneficiaries, assignees or payees of the persons covered under paragraph (a), including, without limitation, providers of health care rendering services covered under policies or certificates of health insurance, except for nonresident certificate holders under group policies or contracts.
2. For structured settlement annuities, except as otherwise provided in subsection 3, this chapter provides coverage to a payee under the annuity, or beneficiary of a payee if the payee is deceased, if the payee or beneficiary:
(a) Is a resident of this state, regardless of the residence of the owner of the annuity; or
(b) Is not a resident of this state, but:
(1) The owner of the annuity is a resident of this state, or the issuer of the annuity is domiciled in this state and the state in which the owner resides has an association similar to the Association created by this chapter; and
(2) Neither the payee or beneficiary nor the owner of the annuity is eligible for coverage by the association of the state in which the payee, beneficiary or owner resides.
3. This chapter does not provide coverage for a payee or beneficiary of a structured settlement annuity if the owner of the annuity is a resident of this state and the payee or beneficiary is afforded any coverage by the association of another state. In determining the application of the provisions of this chapter to a situation where a person could be covered by the association of more than one state, this chapter must be construed in conjunction with the laws of other states to result in coverage by only one association.
4. This chapter provides coverage to the persons described in subsections 1 and 2 for policies or contracts of direct, nongroup life insurance, health insurance and annuities, for certificates under direct group policies and contracts, and for supplemental contracts to any of these, in each case issued by member insurers, except as limited by this chapter.
(Added to NRS by 1973, 302; A 1991, 869; 2001, 1030; 2015, 3474; 2019, 1084)

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