If the Association pays any claims on behalf of an insurer which is an insolvent insurer within the meaning of subsection 2 of NRS 687A.035, the insurer may not accept any new business in this state until it has reimbursed the Association for the payment of the claims, including the administrative expenses incurred by the Association in acting upon and paying the claims.
(Added to NRS by 1985, 1073)
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.