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 duties of the Association under this chapter with respect to the insolvent insurer.
NRS 686C.303
Action by Commissioner upon failure to act by Association
Known as the Nevada Life and Health Insurance Guaranty Association Act
The act spans §§ 686–686 (77 sections).
(Added to NRS by 1991, 867; A 2001, 1045)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.