Insurer prohibited from joining or contributing to or receiving benefit for claims from assigned risk pool or insurance insolvency guaranty fund.

NRS 694C.380 Insurer prohibited from joining or contributing to or receiving benefit for claims from assigned risk pool or insurance insolvency guaranty fund. A captive insurer shall not join or contribute financially to an assigned risk pool or insurance insolvency guaranty fund in this State. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a pool or fund for claims arising out of the operations of the captive insurer. (Added to NRS by 1999, 3215; A 2017, 73)