If the Association does not elect to assume a reinsurance contract by the election date under NRS 686C.224, the Association has no rights or obligations, in each case for periods both before and after the date of the order of liquidation, with respect to the reinsurance contract.
NRS 686C.2243
Assumption of reinsurance contracts: Contracts not assumed by Association
Known as the Nevada Life and Health Insurance Guaranty Association Act
The act spans §§ 686–686 (77 sections).
(Added to NRS by 2015, 3473)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.