No one policy or subscriber to such policy, shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any 1 calendar year, in excess of the amount provided for in the power of attorney or in the subscribers’ agreement, computed solely upon the premium earned on such policy during that year.
(Added to NRS by 1971, 1833)
Structure Nevada Revised Statutes
Chapter 694B - Reciprocal Insurers
NRS 694B.010 - "Reciprocal" insurance defined.
NRS 694B.030 - Powers of reciprocal insurers.
NRS 694B.060 - Organization of reciprocal insurer.
NRS 694B.070 - Certificate of authority; disciplinary action for noncompliance.
NRS 694B.080 - Power of attorney.
NRS 694B.100 - Attorney’s bond.
NRS 694B.110 - Deposit in lieu of bond.
NRS 694B.120 - Action on bond.
NRS 694B.130 - Service of process; judgment.
NRS 694B.140 - Contributions to insurer.
NRS 694B.150 - Financial condition: Method of determining.
NRS 694B.160 - Persons eligible to be subscribers.
NRS 694B.170 - Subscribers’ advisory committee.
NRS 694B.180 - Subscribers’ liability.
NRS 694B.190 - Subscribers’ liability on judgment.
NRS 694B.210 - Time limit for assessments.
NRS 694B.220 - Aggregate liability.
NRS 694B.230 - Nonassessable policies.
NRS 694B.240 - Subscribers’ share in assets upon liquidation.