The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the Association by the member insurer less any amounts returned to the member insurer by the Association, or less any premium tax credits allowed under this chapter, and such rates shall not be deemed excessive as a result of containing such recoupment allowances.
NRS 687A.140
Rates and premiums to include recoupment of amount paid by Association
Known as the Nevada Insurance Guaranty Association Act
The act spans §§ 687A.010 to 687A.160 (29 sections).
(Added to NRS by 1971, 1949)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.