Except as otherwise provided in subsection 5 of NRS 695E.200, this chapter applies to all direct insurance, except:
1. Life, annuity, health or disability insurance;
2. Mortgage guaranty, financial guaranty or other forms of insurance offering protection against investment risks;
3. Fidelity or surety bonds or any other bonding obligations;
4. Credit insurance as defined in NRS 690A.015, vendors’ single interest insurance, collateral protection insurance or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor transaction;
5. Insurance of warranties or service contracts, including, without limitation, insurance that provides:
(a) For the repair, replacement or service of goods or property;
(b) Indemnification for the repair, replacement or service of goods or property;
(c) Indemnification for the operational or structural failure of goods or property due to a defect in materials, workmanship or normal wear and tear; or
(d) Reimbursement for the liability incurred by the issuer of agreements or service contracts which provide any benefits described in this subsection;
6. Title insurance;
7. Ocean marine insurance;
8. Any transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, which involves the transfer of investment or credit risk unaccompanied by the transfer of insurance risk; or
9. Any insurance provided by or guaranteed by a governmental entity.
(Added to NRS by 1971, 1943; A 1973, 312; 1977, 434; 1987, 1333; 1993, 1396; 1995, 1773, 2057; 1997, 579; 1999, 1833; 2021, 111)
Structure Nevada Revised Statutes
Chapter 687A - Nevada Insurance Guaranty Association
NRS 687A.031 - "Association" defined.
NRS 687A.032 - "Assumed claims transaction" defined.
NRS 687A.033 - "Covered claim" defined.
NRS 687A.035 - "Insolvent insurer" defined.
NRS 687A.037 - "Member insurer" defined.
NRS 687A.039 - "Net direct written premiums" defined.
NRS 687A.0393 - "Person" defined.
NRS 687A.0395 - "Self-insurer" defined.
NRS 687A.040 - Creation; membership; operation.
NRS 687A.050 - Board of Directors: Members; vacancies; reimbursement of expenses.
NRS 687A.060 - Obligations, rights, powers and duties of Association; actions involving Association.
NRS 687A.080 - Powers and duties of Commissioner.
NRS 687A.090 - Subrogation; exceptions.
NRS 687A.095 - Claim against person insured by insolvent insurer which is not covered claim.
NRS 687A.097 - Limitations on certain claims against person insured by insolvent insurer.
NRS 687A.100 - Exhaustion of remedies of insured.
NRS 687A.103 - Reimbursement of Association by insolvent insurer.
NRS 687A.110 - Detection and prevention of insolvency: Powers of Board of Directors.
NRS 687A.115 - Detection and prevention of insolvency: Powers of Commissioner.
NRS 687A.120 - Examination of Association; annual financial report.
NRS 687A.130 - Exemption of Association from payment of fees and taxes; exception.
NRS 687A.140 - Rates and premiums to include recoupment of amount paid by Association.