Nevada Revised Statutes
Chapter 686C - Nevada Life and Health Insurance Guaranty Association
NRS 686C.360 - Exemption of Association from payment of fees and taxes; exceptions.

The Association is exempt from payment of all fees and all taxes levied by this state or any of its political subdivisions, except taxes on property and the commerce tax imposed pursuant to chapter 363C of NRS.
(Added to NRS by 1973, 312; A 2015, 2950)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 686C - Nevada Life and Health Insurance Guaranty Association

NRS 686C.010 - Short title.

NRS 686C.020 - Purpose of chapter.

NRS 686C.030 - Scope of chapter: Coverage provided.

NRS 686C.035 - Scope of chapter: Coverage not provided.

NRS 686C.038 - Applicability of chapter to riders for long-term care.

NRS 686C.040 - Definitions.

NRS 686C.045 - "Account" defined.

NRS 686C.048 - "Annuity" defined.

NRS 686C.050 - "Association" defined.

NRS 686C.055 - "Authorized assessment" defined.

NRS 686C.061 - "Benefit plan" defined.

NRS 686C.065 - "Called assessment" defined.

NRS 686C.070 - "Contractual obligation" defined.

NRS 686C.080 - "Covered policy or contract" defined.

NRS 686C.084 - "Extra-contractual claim" defined.

NRS 686C.087 - "Health maintenance organization" defined.

NRS 686C.090 - "Impaired insurer" defined.

NRS 686C.095 - "Insolvent insurer" defined.

NRS 686C.100 - "Member insurer" defined.

NRS 686C.104 - "Owner" defined.

NRS 686C.108 - "Person" defined.

NRS 686C.110 - "Premiums" defined.

NRS 686C.115 - "Principal place of business" defined.

NRS 686C.120 - "Resident" defined.

NRS 686C.123 - "State" defined.

NRS 686C.124 - "Structured settlement annuity" defined.

NRS 686C.125 - "Supplemental contract" defined.

NRS 686C.127 - "Unallocated annuity contract" defined.

NRS 686C.128 - Document describing general purposes and current limitations of chapter: Preparation; distribution and revision; disclaimer; related duties by member insurer.

NRS 686C.130 - Creation of Association; membership; operation; accounts; supervision by Commissioner.

NRS 686C.140 - Board of Directors: Members; vacancies; initial selection; reimbursement of expenses.

NRS 686C.150 - Powers regarding impaired insurers.

NRS 686C.152 - Duties regarding insolvent insurers.

NRS 686C.153 - Provision of substitute benefits and coverage with respect to covered policies or contracts.

NRS 686C.154 - Alternative policies or contracts: Adoption; approval; contents; premium; coverage.

NRS 686C.155 - Ensuring of payment or credit of guaranteed minimum interest rate.

NRS 686C.156 - Issuance of substitute coverage for policy or contract that uses external reference for calculating returns or changes in value.

NRS 686C.158 - Payment of premiums; liability for unearned premiums.

NRS 686C.160 - Imposition of restraints on insurers.

NRS 686C.170 - Liability for guaranty provided by laws of another state or jurisdiction.

NRS 686C.175 - Receipt and disposition of deposit held pursuant to law or required by Commissioner for benefit of creditors.

NRS 686C.180 - Provision of assistance to Commissioner.

NRS 686C.190 - Legal standing.

NRS 686C.200 - Subrogation.

NRS 686C.210 - Limitations on obligations.

NRS 686C.220 - General powers.

NRS 686C.221 - Determination of means to provide benefits; limitation on entitlement to benefits.

NRS 686C.222 - Requests for information from member insurers.

NRS 686C.223 - Election to succeed to rights and obligations of member insurer; transfer of obligations to another insurer.

NRS 686C.224 - Assumption of reinsurance contracts: Authority; duties and responsibilities of ceding member insurers and Association.

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

NRS 686C.2243 - Assumption of reinsurance contracts: Contracts not assumed by Association.

NRS 686C.2245 - Assumption of reinsurance contracts: Transfer of contracts by Association.

NRS 686C.2247 - Assumption of reinsurance contracts: Applicability of other provisions.

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

NRS 686C.225 - Termination of obligations: Replacement of coverage under policy or contract.

NRS 686C.226 - Termination of obligations: Failure to pay premiums.

NRS 686C.230 - Imposition; classes.

NRS 686C.240 - Computation; necessity; notification.

NRS 686C.250 - Abatement or deferment; maximum amount; effect of insufficiency; allocation of funds among claims.

NRS 686C.260 - Refund to member insurers.

NRS 686C.270 - Rates and dividends may reflect assessments.

NRS 686C.280 - Issuance, effect and use of certificate of contribution; offset against liability for premium tax; recoupment of assessments; payment and deposit of refund.

NRS 686C.285 - Protest by member insurer: Procedure.

NRS 686C.290 - Plan of operation: Submission; amendments; approval by Commissioner; compliance; contents; delegation of duties or powers.

NRS 686C.300 - Additional powers and duties of Commissioner; suspension or revocation of certificate of authority or levy of forfeiture; appeals to Commissioner; judicial review; notification of effect of chapter.

NRS 686C.303 - Action by Commissioner upon failure to act by Association.

NRS 686C.306 - Notice to other insurance commissioners of certain actions by Commissioner; reports by Commissioner of certain information to Board of Directors.

NRS 686C.310 - Provision of information and advice by Board of Directors relating to financial condition of insurers.

NRS 686C.330 - Impaired or insolvent insurers: Liability for unpaid assessments of insureds; maintenance and disclosure of records of Association; status of Association as creditor; distribution of ownership by court.

NRS 686C.333 - Recovery of distributions made before petition for liquidation or rehabilitation of insurer.

NRS 686C.340 - Impaired or insolvent insurers: Stay of proceedings; reopening of default judgments.

NRS 686C.350 - Examination and regulation of Association by Commissioner; annual financial report.

NRS 686C.360 - Exemption of Association from payment of fees and taxes; exceptions.

NRS 686C.370 - Immunity from liability.

NRS 686C.380 - Actions arising under chapter: Venue; appeal bond not required of Association.

NRS 686C.390 - Unlawful advertisement using existence of Association for sale, solicitation or inducement to purchase; exception.