Any insurer which executes any surety contract as surety shall be estopped, in any proceeding to enforce the liability which it has assumed to incur, to deny its power to execute such contract or assume such liability.
NRS 691B.030
Estoppel of insurer which executes surety contract to deny power to execute contract in proceeding to enforce liability
Applied in 1 court decision — leading case Great American Insurance v. General Builders, Inc. (1997)
Most recently applied in Great American Insurance v. General Builders, Inc. (March 1997)
(Added to NRS by 1971, 1780)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.