There is hereby created a nonprofit unincorporated legal entity to be known as the Nevada Insurance Guaranty Association. All member insurers must be members of the Association as a condition of their authority to transact insurance in this state. The Association shall perform its functions under a plan of operation established and approved pursuant to NRS 687A.070 and shall exercise its powers through a Board of Directors established under NRS 687A.050.
NRS 687A.040
Creation; membership; operation
Known as the Nevada Insurance Guaranty Association Act
The act spans §§ 687A.010 to 687A.160 (29 sections).
Applied in 1 court decision — leading case MGM Mirage v. Nevada Insurance Guaranty Ass'n (2009)
Most recently applied in MGM Mirage v. Nevada Insurance Guaranty Ass'n (June 2009)
(Added to NRS by 1971, 1944; A 1985, 1074)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.