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 the date the policy or contract is replaced by another similar policy or contract by the policy or contract owner, certificate holder or enrollee or the Association.
NRS 686C.225
Termination of obligations: Replacement of coverage under policy or contract
Known as the Nevada Life and Health Insurance Guaranty Association Act
The act spans §§ 686–686 (77 sections).
(Added to NRS by 1991, 866; A 2019, 1099)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.