reglab/housing_qa huggingface dataset:
NV Rev Stat § 686C.175 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.175 - Receipt and disposition of deposit held pursuant to law or required by Commissioner for benefit of creditors. [Effective January 1, 2020.]

A deposit in this state, held pursuant to law or required by the Commissioner for the benefit of creditors, including, without limitation, policy or contract owners, certificate holders and enrollees, not turned over to the domiciliary receiver upon the entry of a final order of liquidation or order approving a plan of rehabilitation of a member insurer domiciled in this state or a reciprocal state pursuant to NRS 696B.290 or 696B.300 must be promptly paid to the Association. The Association is entitled to retain a portion of an amount so paid to it that is equal to the percentage determined by dividing the aggregate amount of claims by policy or contract owners, certificate holders and enrollees that are related to that insolvency for which the Association has provided statutory benefits by the aggregate amount of all claims by policy or contract owners, certificate holders and enrollees in this state related to that insolvency, and shall remit the remainder to the domiciliary receiver. The amount so remitted is a distribution of the assets of the member insurer for the purposes of chapter 696B of NRS.  (Added to NRS by 2001, 1027; A 2019, 1092, effective January 1, 2020)
NV Rev Stat § 686C.180 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.180 - Provision of assistance to Commissioner.

The Association may render assistance and advice to the Commissioner upon request by the Commissioner, concerning rehabilitation, payment of claims, continuation of coverage or the performance of other contractual obligations of an impaired or insolvent insurer.  (Added to NRS by 1973, 305; A 2001, 1038)
NV Rev Stat § 686C.190 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.190 - Legal standing. [Effective through December 31, 2019.]

The Association has standing:  1. To appear or intervene before a court or agency in this state which has jurisdiction over an impaired or insolvent insurer concerning which the Association is or may become obligated under this chapter or over any person or property against whom or which the Association may have rights through subrogation or otherwise. Its standing extends to all matters germane to the powers and duties of the Association, including proposals for reinsuring, modifying or guaranteeing the policies or contracts of the impaired or insolvent insurer and the determination of the policies or contracts and contractual obligations.  2. To appear or intervene before a court or agency in another state which has jurisdiction over an impaired or insolvent insurer for which the Association is or may become obligated, or over any person or property against whom or which the Association may have rights through subrogation or otherwise.  (Added to NRS by 1973, 305; A 1991, 873; 2001, 1038)
NV Rev Stat § 686C.190 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.190 - Legal standing. [Effective January 1, 2020.]

The Association has standing:  1. To appear or intervene before a court or agency in this state which has jurisdiction over an impaired or insolvent insurer concerning which the Association is or may become obligated under this chapter or over any person or property against whom or which the Association may have rights through subrogation or otherwise. Its standing extends to all matters germane to the powers and duties of the Association, including proposals for reinsuring, reissuing, modifying or guaranteeing the policies or contracts of the impaired or insolvent insurer and the determination of the policies or contracts and contractual obligations.  2. To appear or intervene before a court or agency in another state which has jurisdiction over an impaired or insolvent insurer for which the Association is or may become obligated, or over any person or property against whom or which the Association may have rights through subrogation or otherwise.  (Added to NRS by 1973, 305; A 1991, 873; 2001, 1038; 2019, 1092, effective January 1, 2020)
NV Rev Stat § 686C.200 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.200 - Subrogation. [Effective through December 31, 2019.]

  1. A person receiving benefits under this chapter shall be deemed to have assigned his or her rights under, and any causes of action against any person for losses arising under, resulting from or otherwise relating to, the covered policy or contract to the Association to the extent of the benefits received because of this chapter, whether the benefits are payments of or on account of contractual obligations, continuation of coverage or provision of substitute or alternative coverages. The Association may require an assignment to it of those rights and causes of action by any payee, owner of a policy or contract, beneficiary, insured or annuitant as a condition precedent to the receipt of any rights or benefits conferred by this chapter upon that person.  2. The rights of the Association to subrogation under this subsection have the same priority against the assets of the impaired or insolvent insurer as that possessed by the person entitled to receive benefits under this chapter.  3. In addition to the rights provided under subsections 1 and 2, the Association has all rights of subrogation at common law and any other equitable or legal remedy which would have been available to the impaired or insolvent insurer or the owner, beneficiary or payee of a policy or contract with respect to the policy or contract, including, in the case of a structured settlement annuity, any rights of the owner, beneficiary or payee of the annuity, to the extent of benefits received under this chapter, against a person originally or by succession responsible for the losses arising from the personal injury relating to the annuity or payment for it, except any such person responsible solely by reason of serving as an assignee under section 130 of the Internal Revenue Code, 26 U.S.C. § 130.  4. If the provisions of subsections 1, 2 and 3 are invalid or ineffective with respect to any person or any claim for any reason, the amount payable to the Association with respect to the related covered obligations is reduced by the amount realized by any other person with respect to the person or claim which is attributable to the policies or portions thereof covered by the Association.  5. If the Association has provided benefits with respect to a covered obligation and a person recovers amounts as to which the Association has rights under subsections 1 to 4, inclusive, the person shall pay to the Association the portion of the recovery attributable to the policies or portions thereof covered by the Association.  (Added to NRS by 1973, 305; A 1991, 873; 2001, 1039)
NV Rev Stat § 686C.200 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.200 - Subrogation. [Effective January 1, 2020.]

  1. A person receiving benefits under this chapter shall be deemed to have assigned his or her rights under, and any causes of action against any person for losses arising under, resulting from or otherwise relating to, the covered policy or contract to the Association to the extent of the benefits received because of this chapter, whether the benefits are payments of or on account of contractual obligations, continuation of coverage or provision of substitute or alternative coverages. The Association may require an assignment to it of those rights and causes of action by any payee, policy or contract owner, certificate holder, enrollee, beneficiary, insured or annuitant as a condition precedent to the receipt of any rights or benefits conferred by this chapter upon that person.  2. The rights of the Association to subrogation under this subsection have the same priority against the assets of the impaired or insolvent insurer as that possessed by the person entitled to receive benefits under this chapter.  3. In addition to the rights provided under subsections 1 and 2, the Association has all rights of subrogation at common law and any other equitable or legal remedy which would have been available to the impaired or insolvent insurer or the owner, beneficiary or payee of a policy or contract, a certificate holder or an enrollee with respect to the policy or contract, including, in the case of a structured settlement annuity, any rights of the owner, beneficiary or payee of the annuity, to the extent of benefits received under this chapter, against a person originally or by succession responsible for the losses arising from the personal injury relating to the annuity or payment for it, except any such person responsible solely by reason of serving as an assignee under section 130 of the Internal Revenue Code, 26 U.S.C. § 130.  4. If the provisions of subsections 1, 2 and 3 are invalid or ineffective with respect to any person or any claim for any reason, the amount payable to the Association with respect to the related covered obligations is reduced by the amount realized by any other person with respect to the person or claim which is attributable to the policies or contracts or portions thereof covered by the Association.  5. If the Association has provided benefits with respect to a covered obligation and a person recovers amounts as to which the Association has rights under subsections 1 to 4, inclusive, the person shall pay to the Association the portion of the recovery attributable to the policies or contracts or portions thereof covered by the Association.  (Added to NRS by 1973, 305; A 1991, 873; 2001, 1039; 2019, 1093, effective January 1, 2020)
NV Rev Stat § 686C.220 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.220 - General powers. [Effective through December 31, 2019.]

The Association may:  1. Enter into such contracts as are necessary or proper to carry out the provisions and purposes of this chapter.  2. Sue or be sued, including the taking of any legal action necessary or proper for recovery of any unpaid assessments under NRS 686C.230 or to settle claims or potential claims against it.  3. Borrow money to effect the purposes of this chapter. Any notes or other evidence of indebtedness of the Association not in default are legal investments for domestic insurers and may be carried as admitted assets.  4. Employ or retain such persons as are necessary or appropriate to handle the financial transactions of the Association, and to perform such other functions as become necessary or proper under this chapter.  5. Take such legal action as may be necessary or appropriate to avoid or recover payment of improper claims.  6. Exercise, for the purposes of this chapter and to the extent approved by the Commissioner, the powers of a domestic life or health insurer, but in no case may the Association issue insurance policies or annuities other than those issued to perform its contractual obligations under this chapter.  7. Join an organization of one or more other state associations having similar purposes, to further the purposes and administer the powers and duties of the Association.  8. Organize itself as a corporation or in other legal form permitted by the laws of this state.  9. Request information from a person seeking coverage from the Association to aid the Association in determining its obligations under this chapter with respect to the person, and the person shall promptly comply with the request.  10. Take other necessary or appropriate action to perform its duties and discharge its obligations under this chapter or to exercise its power under this chapter.  (Added to NRS by 1973, 306; A 1991, 874; 2001, 1040)
NV Rev Stat § 686C.220 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.220 - General powers. [Effective January 1, 2020.]

The Association may:  1. Enter into such contracts as are necessary or proper to carry out the provisions and purposes of this chapter.  2. Sue or be sued, including the taking of any legal action necessary or proper for recovery of any unpaid assessments under NRS 686C.230 or to settle claims or potential claims against it.  3. Borrow money to effect the purposes of this chapter. Any notes or other evidence of indebtedness of the Association not in default are legal investments for domestic insurers and may be carried as admitted assets.  4. Employ or retain such persons as are necessary or appropriate to handle the financial transactions of the Association, and to perform such other functions as become necessary or proper under this chapter.  5. Take such legal action as may be necessary or appropriate to avoid or recover payment of improper claims.  6. Exercise, for the purposes of this chapter and to the extent approved by the Commissioner, the powers of a domestic life or health insurer or health maintenance organization, but in no case may the Association issue insurance policies or annuities other than those issued to perform its contractual obligations under this chapter.  7. Join an organization of one or more other state associations having similar purposes, to further the purposes and administer the powers and duties of the Association.  8. Organize itself as a corporation or in other legal form permitted by the laws of this state.  9. Request information from a person seeking coverage from the Association to aid the Association in determining its obligations under this chapter with respect to the person, and the person shall promptly comply with the request.  10. Except where otherwise provided by law, in accordance with the terms and conditions of the applicable policy or contract, file for actuarially justified rate or premium increases for any policy for which the Association provides coverage under the provisions of this chapter.  11. Take other necessary or appropriate action to perform its duties and discharge its obligations under this chapter or to exercise its power under this chapter.  (Added to NRS by 1973, 306; A 1991, 874; 2001, 1040; 2019, 1095, effective January 1, 2020)
NV Rev Stat § 686C.221 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.221 - Determination of means to provide benefits; limitation on entitlement to benefits.

  1. The Board of Directors of the Association may exercise reasonable business judgment to determine the means by which the Association is to provide the benefits of this chapter in an economical and efficient manner.  2. Where the Association has arranged or offered to provide the benefits of this chapter to a covered person under a plan or arrangement that satisfies the obligations of the Association under this chapter, the covered person is not entitled to benefits from the Association in addition to or other than those provided under the plan or arrangement.  (Added to NRS by 2001, 1029)
NV Rev Stat § 686C.222 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.222 - Requests for information from member insurers.

The Association may request information from member insurers to aid in the exercise of its powers under this chapter, and each member shall promptly comply with such a request.  (Added to NRS by 2001, 1030)
NV Rev Stat § 686C.2241 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.2241 - Assumption of reinsurance contracts: Suspension of rights and obligations after order of liquidation.

  1. During the period after the date of an order of liquidation until the election date, or, if the election date does not occur, until 180 days after the date of the order of liquidation:  (a) Neither the Association nor the reinsurer shall have any rights or obligations under reinsurance contracts that the Association has the right to assume under NRS 686C.224, whether for periods before or after the date of the order of liquidation.  (b) The reinsurer, the receiver and the Association shall, to the extent practicable, provide each other data and records as reasonably requested.  2. Once the Association has elected to assume a reinsurance contract, the parties’ rights and obligations are governed by the provisions of NRS 686C.224.  (Added to NRS by 2015, 3473)
NV Rev Stat § 686C.2243 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.2243 - Assumption of reinsurance contracts: Contracts not assumed by Association.

If the Association does not elect to assume a reinsurance contract by the election date under NRS 686C.224, the Association has no rights or obligations, in each case for periods both before and after the date of the order of liquidation, with respect to the reinsurance contract.  (Added to NRS by 2015, 3473)
NV Rev Stat § 686C.2245 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.2245 - Assumption of reinsurance contracts: Transfer of contracts by Association. [Effective through December 31, 2019.]

When policies or annuities, or covered obligations with respect thereto, are transferred to an assuming insurer, reinsurance on the policies or annuities may also be transferred by the Association, in the case of contracts assumed under NRS 686C.224, subject to the following:  1. Unless the reinsurer and the assuming insurer agree otherwise, the reinsurance contract transferred must not cover any new policies of insurance or annuities in addition to those transferred.  2. The obligations described in NRS 686C.224 no longer apply with respect to matters arising after the effective date of the transfer.  3. Notice must be given in writing, return receipt requested, by the transferring party to the affected reinsurer not less than 30 days before the effective date of the transfer.  (Added to NRS by 2015, 3473)
NV Rev Stat § 686C.2245 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.2245 - Assumption of reinsurance contracts: Transfer of contracts by Association. [Effective January 1, 2020.]

When policies or contracts, or covered obligations with respect thereto, are transferred to an assuming insurer, reinsurance on the policies or contracts may also be transferred by the Association, in the case of policies or contracts assumed under NRS 686C.224, subject to the following:  1. Unless the reinsurer and the assuming insurer agree otherwise, the reinsurance contract transferred must not cover any new policies or contracts in addition to those transferred.  2. The obligations described in NRS 686C.224 no longer apply with respect to matters arising after the effective date of the transfer.  3. Notice must be given in writing, return receipt requested, by the transferring party to the affected reinsurer not less than 30 days before the effective date of the transfer.  (Added to NRS by 2015, 3473; A 2019, 1098, effective January 1, 2020)
NV Rev Stat § 686C.2247 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.2247 - Assumption of reinsurance contracts: Applicability of other provisions.

The provisions of NRS 686C.224 to 686C.2249, inclusive, supersede the provisions of any state law or of any affected reinsurance contract that provides for or requires any payment of reinsurance proceeds, on account of losses or events that occur in periods after the date of an order of liquidation, to the receiver of the insolvent insurer or any other person. The receiver shall remain entitled to any amounts payable by the reinsurer pursuant to the reinsurance contracts with respect to losses or events that occur in periods before the date of the order of liquidation, subject to applicable set-off provisions.  (Added to NRS by 2015, 3473)
NV Rev Stat § 686C.2249 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.2249 - Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions. [Effective through December 31, 2019.]

  1. Except as otherwise provided in NRS 686C.130 to 686C.226, inclusive, nothing in NRS 686C.224 to 686C.2249, inclusive, shall alter or modify the terms and conditions of any reinsurance contract.   2. Nothing in this section shall:  (a) Abrogate or limit any rights of any reinsurer to claim that it is entitled to rescind a reinsurance contract;  (b) Give a policyholder or beneficiary an independent cause of action against a reinsurer that is not otherwise set forth in the reinsurance contract;  (c) Limit or affect the Association’s rights as a creditor of the estate against the assets of the estate; or  (d) Apply to reinsurance agreements covering property or casualty risks.  (Added to NRS by 2015, 3474)
NV Rev Stat § 686C.2249 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.2249 - Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions. [Effective January 1, 2020.]

  1. Except as otherwise provided in NRS 686C.130 to 686C.226, inclusive, nothing in NRS 686C.224 to 686C.2249, inclusive, shall alter or modify the terms and conditions of any reinsurance contract.   2. Nothing in this section shall:  (a) Abrogate or limit any rights of any reinsurer to claim that it is entitled to rescind a reinsurance contract;  (b) Give a policy or contract owner, certificate holder, enrollee or beneficiary an independent cause of action against a reinsurer that is not otherwise set forth in the reinsurance contract;  (c) Limit or affect the Association’s rights as a creditor of the estate against the assets of the estate; or  (d) Apply to reinsurance agreements covering property or casualty risks.  (Added to NRS by 2015, 3474; A 2019, 1099, effective January 1, 2020)
NV Rev Stat § 686C.225 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.225 - Termination of obligations: Replacement of coverage or policy. [Effective through December 31, 2019.]

The Association’s obligations with respect to coverage under any policy of the impaired or insolvent insurer or under any reissued or alternative policy ceases on the date the coverage or policy is replaced by another similar policy by the policyholder, the insured or the Association.  (Added to NRS by 1991, 866)
NV Rev Stat § 686C.225 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.225 - Termination of obligations: Replacement of coverage under policy or contract. [Effective January 1, 2020.]

The Association’s obligations with respect to coverage under any policy or contract of the impaired or insolvent insurer or under any reissued or alternative policy or contract ceases on the date the policy or contract is replaced by another similar policy or contract by the policy or contract owner, certificate holder or enrollee or the Association.  (Added to NRS by 1991, 866; A 2019, 1099, effective January 1, 2020)
NV Rev Stat § 686C.226 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.226 - Termination of obligations: Failure to pay premiums.

Failure to pay premiums within 31 days after the date required pursuant to the terms of any guaranteed, assumed, alternative or reissued policy or contract or substitute coverage terminates the Association’s obligations under the policy, contract or coverage, except with respect to any claims incurred or any net cash surrender value which may be due in accordance with the provisions of this chapter.  (Added to NRS by 1991, 866)