If the Association pays any claims on behalf of an insurer which is an insolvent insurer within the meaning of subsection 2 of NRS 687A.035, the insurer may not accept any new business in this state until it has reimbursed the Association for the payment of the claims, including the administrative expenses incurred by the Association in acting upon and paying the claims.
NRS 687A.103
Reimbursement of Association by insolvent insurer
Known as the Nevada Insurance Guaranty Association Act
The act spans §§ 687–687 (29 sections).
(Added to NRS by 1985, 1073)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.