Title 57

NRS 686C.2249 Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions. 1. Except as otherwise provided in NRS 686C.130 to 686C.226, inclusive, nothing in NRS 686C.224 to 686C.2249, inclusive, shall alter or modify the terms and conditions of…

NRS 686C.225 Termination of obligations: Replacement of coverage under policy or contract. The Association’s obligations with respect to coverage under any policy or contract of the impaired or insolvent insurer or under any reissued or alternative policy or contract ceases on th…

NRS 686C.226 Termination of obligations: Failure to pay premiums. Failure to pay premiums within 31 days after the date required pursuant to the terms of any guaranteed, assumed, alternative or reissued policy or contract or substitute coverage terminates the Association’s obliga…

NRS 686C.230 Imposition; classes. 1. To provide the money necessary to carry out the powers and duties of the Association, the Board of Directors shall assess the member insurers, separately for each account, at such times and for such amounts as the Board finds necessary. An ass…

NRS 686C.240 Computation; necessity; notification. 1. The Board of Directors of the Association shall determine the amount of each assessment in Class A and may, but need not, prorate it. If an assessment is prorated, the Board may provide that any surplus be credited against fut…

NRS 686C.250 Abatement or deferment; maximum amount; effect of insufficiency; allocation of funds among claims. 1. The Association may abate or defer, in whole or in part, the assessment of a member insurer if, in the opinion of the Board of Directors, payment of the assessment w…

NRS 686C.260 Refund to member insurers. The Board of Directors may, by an equitable method as established in the plan of operation, refund to member insurers, in proportion to the contribution of each member insurer to that account, the amount by which the assets of the account e…

NRS 686C.270 Rates and dividends may reflect assessments. It is proper for any member insurer, in determining its rates of premium and dividends to owners of policies or contracts as to any kind of insurance or coverage offered by a health maintenance organization within the scop…

NRS 686C.280 Issuance, effect and use of certificate of contribution; offset against liability for premium tax; recoupment of assessments; payment and deposit of refund. 1. The Association shall issue to each member insurer paying an assessment under this chapter, other than an a…

NRS 686C.285 Protest by member insurer: Procedure. 1. A member insurer that wishes to protest all or part of an assessment shall pay the full amount of the assessment when due, as set forth in the notice from the Association. The payment may be used to meet obligations of the Ass…

NRS 686C.290 Plan of operation: Submission; amendments; approval by Commissioner; compliance; contents; delegation of duties or powers. 1. The Association shall submit to the Commissioner a plan of operation and any amendments thereto necessary or suitable to ensure the fair, rea…

NRS 686C.300 Additional powers and duties of Commissioner; suspension or revocation of certificate of authority or levy of forfeiture; appeals to Commissioner; judicial review; notification of effect of chapter. 1. In addition to the duties and powers otherwise provided in this c…

NRS 686C.303 Action by Commissioner upon failure to act by Association. If the Association fails to act within a reasonable time with respect to an insolvent insurer, as provided in NRS 686C.150 to 686C.155, inclusive, the Commissioner may exercise the powers and perform the duti…

NRS 686C.306 Notice to other insurance commissioners of certain actions by Commissioner; reports by Commissioner of certain information to Board of Directors. 1. The Commissioner shall notify the commissioners of insurance of all the other states within 30 days after the Commissi…

NRS 686C.310 Provision of information and advice by Board of Directors relating to financial condition of insurers. 1. The Board of Directors may, upon majority vote, notify the Commissioner of any information indicating any member insurer may be impaired or insolvent. 2. The Boa…

NRS 686C.330 Impaired or insolvent insurers: Liability for unpaid assessments of insureds; maintenance and disclosure of records of Association; status of Association as creditor; distribution of ownership by court. 1. This chapter does not reduce the liability for unpaid assessm…

NRS 686C.333 Recovery of distributions made before petition for liquidation or rehabilitation of insurer. 1. If an order for liquidation or rehabilitation of a member insurer domiciled in this state has been entered, the receiver appointed under such order is entitled to recover …

NRS 686C.340 Impaired or insolvent insurers: Stay of proceedings; reopening of default judgments. All proceedings in which the impaired or insolvent insurer is a party in any court in this state must be stayed for 60 days from the date an order of liquidation, rehabilitation or c…

NRS 686C.350 Examination and regulation of Association by Commissioner; annual financial report. The Association is subject to examination and regulation by the Commissioner. The Board of Directors shall submit to the Commissioner, not later than 120 days after the end of its fis…

NRS 686C.360 Exemption of Association from payment of fees and taxes; exceptions. The Association is exempt from payment of all fees and all taxes levied by this state or any of its political subdivisions, except taxes on property and the commerce tax imposed pursuant to chapter …

NRS 686C.370 Immunity from liability. There is no liability on the part of and no cause of action of any nature arises against any member insurer or its agents or employees, the Association or its agents or employees, members of the Board or the Commissioner or the representative…

NRS 686C.380 Actions arising under chapter: Venue; appeal bond not required of Association. Venue in an action against the Association arising under this chapter lies in Washoe County. No appeal bond may be required of the Association in an appeal that relates to a cause of actio…

NRS 686C.390 Unlawful advertisement using existence of Association for sale, solicitation or inducement to purchase; exception. It is unlawful for a member insurer, agent or affiliate of a member insurer, or other person to make, publish, circulate or place before the public, or …