Purchase of annuity by insurer to ensure payment of claim; adoption of regulations by Commissioner
(Added to NRS by 1997, 1425)
1. An insurer may purchase an annuity to ensure the payment of a claim filed with the insurer pursuant to chapters 616A to 616D, inclusive, or chapter 617 of NRS.
2. The Commissioner shall adopt such regulations as are necessary to carry out the provisions of this section.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.