NRS 687A.107 – Hearing to determine whether insurer is insolvent: Notice; conduct; determination; regulations.
1. The Commissioner may conduct a hearing to determine whether an insurer is an insolvent insurer within the meaning of subsection 2 of NRS 687A.035. The Commissioner shall notify the insurer which is the subject of the hearing not less than 3 days before the hearing. The Commissioner may consider any evidence at the hearing […]
NRS 687A.110 – Detection and prevention of insolvency: Powers of Board of Directors.
To aid in the detection and prevention of insurer insolvencies: 1. The Board of Directors may, upon majority vote, make recommendations to the Commissioner upon any matter generally related to improving or enhancing regulation for solvency. 2. The Board of Directors may, upon majority vote, make recommendations to the Commissioner for the detection and prevention […]
NRS 687A.115 – Detection and prevention of insolvency: Powers of Commissioner.
To aid in the detection and prevention of insurer insolvencies: 1. The Commissioner may: (a) Notify the insurance commissioners of the other states and territories of the United States and of the District of Columbia when the Commissioner revokes or suspends a license, or when the Commissioner makes any formal order that a company restrict […]
NRS 687A.120 – Examination of Association; annual financial report.
The Association is subject to examination and regulation by the Commissioner. The Board of Directors shall submit, not later than March 30 of each year, a financial report for the preceding calendar year in a form approved by the Commissioner. (Added to NRS by 1971, 1949)
NRS 687A.130 – Exemption of Association from payment of fees and taxes; exception.
The Association is exempt from payment of all fees and all taxes levied by this State or any of its subdivisions, except taxes: 1. Levied on real or personal property; or 2. Imposed pursuant to the provisions of chapter 363A, 363B or 363C of NRS. (Added to NRS by 1971, 1949; A 2003, 20th Special […]
NRS 687A.140 – Rates and premiums to include recoupment of amount paid by Association.
The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the Association by the member insurer less any amounts returned to the member insurer by the Association, or less any premium tax credits allowed under this chapter, and […]
NRS 687A.150 – Immunity from liability.
There is no liability, and no cause of action of any nature shall arise against any member insurer, the Association, its agents or employees, the Board of Directors, the Commissioner or the representatives of the Commissioner, for any reasonable action taken, or any failure to act, by them in the performance of their duties and […]
NRS 687A.160 – Proceedings involving insolvent insurer: Stay; access by Association to records of insurer.
1. Subject to waiver by the Association in specific cases involving covered claims, all proceedings in which the insolvent insurer is a party, or is obligated to defend a party, in any court in this State must be stayed until the last day fixed by the court for the filing of claims and for such […]
NRS 687A.097 – Limitations on certain claims against person insured by insolvent insurer.
With regard to a claim for an amount described in paragraph (d) of subsection 2 of NRS 687A.033, no such claim for any amount due any reinsurer, insurer, insurance pool, underwriting association, health maintenance organization, hospital plan corporation, professional health service corporation or self-insurer may be asserted against a person insured under a policy issued […]
NRS 687A.100 – Exhaustion of remedies of insured.
1. Any person having a claim under an insurance policy, whether or not the insurance policy is a policy issued by a member insurer, and the claim under such other policy arises from the same facts, injury or loss that gave rise to the covered claim against the Association, is required first to exhaust all […]