reglab/housing_qa huggingface dataset:
NV Rev Stat § 686C.300 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.300 - Powers and duties of Commissioner; appeals to Commissioner; notification of effect of chapter. [Effective through December 31, 2019.]

  1. In addition to the duties and powers otherwise provided in this chapter, the Commissioner:  (a) Shall, upon request of the Board of Directors, provide the Association with a statement of the premiums in this and any other appropriate states for each member insurer.  (b) Shall, when an impairment is declared and the amount of the impairment is determined, serve a demand upon the impaired insurer to make good the impairment within a reasonable time. Notice to the insurer is notice to its stockholders, if any. The failure of the insurer to comply with such demand promptly does not excuse the Association from the performance of its powers and duties under this chapter.  (c) Must, in any liquidation or rehabilitation involving a domestic insurer, be appointed as the liquidator or rehabilitator.  2. The Commissioner may suspend or revoke, after notice and hearing, the certificate of authority to transact insurance in this state of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative, the Commissioner may levy a forfeiture on any member insurer which fails to pay an assessment when due. The forfeiture may not exceed 5 percent of the unpaid assessment per month, but no forfeiture may be less than $100 per month.  3. A final action of the Board of Directors or the Association may be appealed to the Commissioner by any member insurer if the appeal is taken within 60 days after the insurer receives notice of the final action. A final action or order of the Commissioner is subject to judicial review in a court of competent jurisdiction pursuant to the procedure provided in chapter 233B of NRS for contested cases.  4. The liquidator, rehabilitator or conservator of any impaired insurer may notify all interested persons of the effect of this chapter.  (Added to NRS by 1973, 309; A 1991, 879; 2001, 1044)
NV Rev Stat § 686C.300 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.300 - Additional powers and duties of Commissioner; suspension or revocation of certificate of authority or levy of forfeiture; appeals to Commissioner; notification of effect of chapter. [Effective January 1, 2020.]

  1. In addition to the duties and powers otherwise provided in this chapter, the Commissioner:  (a) Shall, upon request of the Board of Directors, provide the Association with a statement of the premiums in this and any other appropriate states for each member insurer.  (b) Shall, when an impairment is declared and the amount of the impairment is determined, serve a demand upon the impaired insurer to make good the impairment within a reasonable time. Notice to the insurer is notice to its stockholders, if any. The failure of the insurer to comply with such demand promptly does not excuse the Association from the performance of its powers and duties under this chapter.  (c) Must, in any liquidation or rehabilitation involving a domestic member insurer, be appointed as the liquidator or rehabilitator.  2. The Commissioner may suspend or revoke, after notice and hearing, the certificate of authority to transact insurance or operate a health maintenance organization in this state, as applicable, of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative, the Commissioner may levy a forfeiture on any member insurer which fails to pay an assessment when due. The forfeiture may not exceed 5 percent of the unpaid assessment per month, but no forfeiture may be less than $100 per month.  3. A final action of the Board of Directors or the Association may be appealed to the Commissioner by any member insurer if the appeal is taken within 60 days after the insurer receives notice of the final action. A final action or order of the Commissioner is subject to judicial review in a court of competent jurisdiction pursuant to the procedure provided in chapter 233B of NRS for contested cases.  4. The liquidator, rehabilitator or conservator of any impaired insurer may notify all interested persons of the effect of this chapter.  (Added to NRS by 1973, 309; A 1991, 879; 2001, 1044; 2019, 1103, effective January 1, 2020)
NV Rev Stat § 686C.303 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.303 - Action by Commissioner upon default of Association.

If the Association fails to act within a reasonable time with respect to an insolvent insurer, as provided in NRS 686C.150 to 686C.155, inclusive, the Commissioner may exercise the powers and perform the duties of the Association under this chapter with respect to the insolvent insurer.  (Added to NRS by 1991, 867; A 2001, 1045)
NV Rev Stat § 686C.306 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.306 - Notice of certain actions by Commissioner; reports by Commissioner of certain information to Board of Directors. [Effective through December 31, 2019.]

  1. The Commissioner shall notify the commissioners of insurance of all the other states within 30 days after the Commissioner takes any of the following actions against a member insurer:  (a) Revokes a member insurer’s license;  (b) Suspends a member insurer’s license; or  (c) Makes any formal order that a member insurer is to restrict its premium writing, obtain additional contributions to surplus, withdraw from the state, reinsure all or any part of its business, or increase capital, surplus, or any other account for the security of the owners of its policies or its creditors.  2. The Commissioner shall report to the Board of Directors when the Commissioner has taken any of the actions set forth in subsection 1, or has received a report from any other commissioner indicating that any such action has been taken in another state. The report to the Board must contain all significant details of the action taken or the report received from another commissioner.  3. The Commissioner shall report to the Board of Directors when the Commissioner has reasonable cause to believe from an examination of a member insurer, whether completed or in process, that the insurer may be impaired or insolvent.  4. The Commissioner shall furnish to the Board the ratios of the "Insurance Regulatory Information System" developed by the National Association of Insurance Commissioners and listings of companies not included in those ratios, and the Board may use the information contained therein in carrying out its duties and responsibilities under this chapter. Such reports and the information contained therein must be kept confidential by the Board until such time as made public by the Commissioner or other lawful authority.  (Added to NRS by 1991, 867; A 2001, 1045)
NV Rev Stat § 686C.306 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.306 - Notice of certain actions by Commissioner; reports by Commissioner of certain information to Board of Directors. [Effective January 1, 2020.]

  1. The Commissioner shall notify the commissioners of insurance of all the other states within 30 days after the Commissioner takes any of the following actions against a member insurer:  (a) Revokes a member insurer’s license;  (b) Suspends a member insurer’s license; or  (c) Makes any formal order that a member insurer is to restrict its premium writing, obtain additional contributions to surplus, withdraw from the state, reinsure all or any part of its business, or increase capital, surplus, or any other account for the security of the owners of its policies or contracts or its creditors.  2. The Commissioner shall report to the Board of Directors when the Commissioner has taken any of the actions set forth in subsection 1, or has received a report from any other commissioner indicating that any such action has been taken in another state. The report to the Board must contain all significant details of the action taken or the report received from another commissioner.  3. The Commissioner shall report to the Board of Directors when the Commissioner has reasonable cause to believe from an examination of a member insurer, whether completed or in process, that the insurer may be impaired or insolvent.  4. The Commissioner shall furnish to the Board the ratios of the "Insurance Regulatory Information System" developed by the National Association of Insurance Commissioners and listings of companies not included in those ratios, and the Board may use the information contained therein in carrying out its duties and responsibilities under this chapter. Such reports and the information contained therein must be kept confidential by the Board until such time as made public by the Commissioner or other lawful authority.  (Added to NRS by 1991, 867; A 2001, 1045; 2019, 1104, effective January 1, 2020)
NV Rev Stat § 686C.310 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.310 - Provision of information and advice relating to financial condition of insurers. [Effective through December 31, 2019.]

  1. The Board of Directors may, upon majority vote, notify the Commissioner of any information indicating any member insurer may be impaired or insolvent.  2. The Board may, upon majority vote, make reports and recommendations to the Commissioner upon any matter germane to the solvency, liquidation, rehabilitation or conservation of any member insurer or germane to the solvency of any person seeking admission to transact insurance in this state. These reports and recommendations are not open to public inspection.  3. The Commissioner may seek the advice and recommendations of the Board concerning any matter affecting the duties and responsibilities of the Commissioner regarding the financial condition of member insurers and of persons seeking admission to transact insurance in this state.  4. The Board may, upon majority vote, make recommendations to the Commissioner for the detection and prevention of the insolvency of insurers.  (Added to NRS by 1973, 310; A 1991, 880; 2001, 1046)
NV Rev Stat § 686C.310 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.310 - Provision of information and advice relating to financial condition of insurers. [Effective January 1, 2020.]

  1. The Board of Directors may, upon majority vote, notify the Commissioner of any information indicating any member insurer may be impaired or insolvent.  2. The Board may, upon majority vote, make reports and recommendations to the Commissioner upon any matter germane to the solvency, liquidation, rehabilitation or conservation of any member insurer or germane to the solvency of any person seeking admission to transact insurance or operate a health maintenance organization in this state. These reports and recommendations are not open to public inspection.  3. The Commissioner may seek the advice and recommendations of the Board concerning any matter affecting the duties and responsibilities of the Commissioner regarding the financial condition of member insurers and of persons seeking admission to transact insurance or operate a health maintenance organization in this state.  4. The Board may, upon majority vote, make recommendations to the Commissioner for the detection and prevention of the insolvency of member insurers.  (Added to NRS by 1973, 310; A 1991, 880; 2001, 1046; 2019, 1104, effective January 1, 2020)
NV Rev Stat § 686C.333 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.333 - Recovery of distributions made before petition for liquidation or rehabilitation of insurer. [Effective through December 31, 2019.]

  1. If an order for liquidation or rehabilitation of an insurer domiciled in this state has been entered, the receiver appointed under such order is entitled to recover on behalf of the insurer, from any affiliate that controlled it, the amount of distributions, other than stock dividends paid by the insurer on its capital stock, made at any time during the 5 years preceding the petition for liquidation or rehabilitation, subject to the limitations of subsections 2, 3 and 4.  2. No distribution is recoverable if the insurer shows that when paid the distribution was lawful and reasonable, and that the insurer did not know and could not reasonably have known that the distribution might adversely affect the ability of the insurer to fulfill its contractual obligations.  3. Any person who was an affiliate that controlled the insurer at the time the distributions were paid is liable up to the amount of distributions the person received. Any person who was an affiliate that controlled the insurer at the time the distributions were declared, is liable up to the amount of distributions the person would have received if they had been paid immediately. If two or more persons are liable with respect to the same distributions, they are jointly and severally liable.  4. The maximum amount recoverable pursuant to this subsection is the amount needed in excess of all other available assets of the impaired or insolvent insurer to pay the contractual obligations of the impaired or insolvent insurer.  5. If any person liable under subsection 3 is insolvent, all its affiliates that controlled it at the time the dividend was paid are jointly and severally liable for any resulting deficiency in the amount recovered from the insolvent affiliate.  (Added to NRS by 1991, 868)
NV Rev Stat § 686C.333 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.333 - Recovery of distributions made before petition for liquidation or rehabilitation of insurer. [Effective January 1, 2020.]

  1. If an order for liquidation or rehabilitation of a member insurer domiciled in this state has been entered, the receiver appointed under such order is entitled to recover on behalf of the member insurer, from any affiliate that controlled it, the amount of distributions, other than stock dividends paid by the member insurer on its capital stock, made at any time during the 5 years preceding the petition for liquidation or rehabilitation, subject to the limitations of subsections 2, 3 and 4.  2. No distribution is recoverable if the member insurer shows that when paid the distribution was lawful and reasonable, and that the member insurer did not know and could not reasonably have known that the distribution might adversely affect the ability of the member insurer to fulfill its contractual obligations.  3. Any person who was an affiliate that controlled the member insurer at the time the distributions were paid is liable up to the amount of distributions the person received. Any person who was an affiliate that controlled the member insurer at the time the distributions were declared, is liable up to the amount of distributions the person would have received if they had been paid immediately. If two or more persons are liable with respect to the same distributions, they are jointly and severally liable.  4. The maximum amount recoverable pursuant to this subsection is the amount needed in excess of all other available assets of the impaired or insolvent insurer to pay the contractual obligations of the impaired or insolvent insurer.  5. If any person liable under subsection 3 is insolvent, all its affiliates that controlled it at the time the dividend was paid are jointly and severally liable for any resulting deficiency in the amount recovered from the insolvent affiliate.  (Added to NRS by 1991, 868; A 2019, 1106, effective January 1, 2020)
NV Rev Stat § 686C.340 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.340 - Impaired or insolvent insurers: Stay of proceedings; reopening of default judgments.

All proceedings in which the impaired or insolvent insurer is a party in any court in this state must be stayed for 60 days from the date an order of liquidation, rehabilitation or conservation is final to permit proper legal action by the Association on any matters germane to its powers or duties. If a judgment has been entered under any decision, order, verdict or finding based on default, the Association may apply to have the judgment set aside by the same court that entered the judgment and is entitled to defend against the suit on the merits.  (Added to NRS by 1973, 312; A 1991, 882)
NV Rev Stat § 686C.350 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.350 - Examination of Association; annual financial report.

The Association is subject to examination and regulation by the Commissioner. The Board of Directors shall submit to the Commissioner, not later than 120 days after the end of its fiscal year, a financial report in a form approved by the Commissioner and a report of its activities during the preceding fiscal year. Upon the request of a member insurer, the Association shall provide the insurer with a copy of the report.  (Added to NRS by 1973, 312; A 1991, 882; 2001, 1048)
NV Rev Stat § 686C.360 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.360 - Association tax exempt; exceptions.

The Association is exempt from payment of all fees and all taxes levied by this state or any of its political subdivisions, except taxes on property and the commerce tax imposed pursuant to chapter 363C of NRS.  (Added to NRS by 1973, 312; A 2015, 2950)
NV Rev Stat § 686C.370 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.370 - Immunity from liability.

There is no liability on the part of and no cause of action of any nature arises against any member insurer or its agents or employees, the Association or its agents or employees, members of the Board or the Commissioner or the representatives of the Commissioner for any act or omission by them in the performance of their powers and duties under this chapter. This immunity extends to participation in any organization of other state associations whose purposes are similar, and to any such organization and its agents or employees.  (Added to NRS by 1973, 312; A 1991, 882)
NV Rev Stat § 686C.380 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.380 - Actions arising under chapter: Venue; appeal bond.

Venue in an action against the Association arising under this chapter lies in Washoe County. No appeal bond may be required of the Association in an appeal that relates to a cause of action arising under this chapter.  (Added to NRS by 2001, 1029)
NV Rev Stat § 686C.390 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.390 - Unlawful advertisement regarding existence of Association. [Effective through December 31, 2019.]

It is unlawful for an insurer, agent or affiliate of an insurer, or other person to make, publish, circulate or place before the public, or cause any other person to do so, in any publication, notice, circular, letter or poster, or over any radio or television station, any advertisement or statement, written or oral, which uses the existence of the Association for the sale, solicitation or inducement to purchase any form of insurance covered by the Association. This section does not apply to the association or any other person that does not sell or solicit insurance.  (Added to NRS by 2001, 1030)
NV Rev Stat § 686C.390 (2021)
2021 Nevada Revised Statutes|Chapter 686C - Nevada Life and Health Insurance Guaranty Association|NRS 686C.390 - Unlawful advertisement using existence of Association for sale, solicitation or inducement to purchase; exception. [Effective January 1, 2020.]

It is unlawful for a member insurer, agent or affiliate of a member insurer, or other person to make, publish, circulate or place before the public, or cause any other person to do so, in any publication, notice, circular, letter or poster, or over any radio or television station, any advertisement or statement, written or oral, which uses the existence of the Association for the sale, solicitation or inducement to purchase any form of insurance or coverage offered by a health maintenance organization that is covered by the Association. This section does not apply to the association or any other person that does not sell or solicit insurance or coverage offered by a health maintenance organization.  (Added to NRS by 2001, 1030; A 2019, 1106, effective January 1, 2020)
NV Rev Stat § 687A.010 (2021)
2021 Nevada Revised Statutes|Chapter 687A - Insurance Guaranty Association|NRS 687A.010 - Short title.

This chapter shall be known and may be cited as the Nevada Insurance Guaranty Association Act.  (Added to NRS by 1971, 1943)
NV Rev Stat § 687A.020 (2021)
2021 Nevada Revised Statutes|Chapter 687A - Insurance Guaranty Association|NRS 687A.020 - Applicability.

Except as otherwise provided in subsection 5 of NRS 695E.200, this chapter applies to all direct insurance, except:  1. Life, annuity, health or disability insurance;  2. Mortgage guaranty, financial guaranty or other forms of insurance offering protection against investment risks;  3. Fidelity or surety bonds or any other bonding obligations;  4. Credit insurance as defined in NRS 690A.015;  5. Insurance of warranties or service contracts;  6. Title insurance;  7. Ocean marine insurance;  8. Any transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, which involves the transfer of investment or credit risk unaccompanied by the transfer of insurance risk; or  9. Any insurance provided by or guaranteed by a governmental entity.  (Added to NRS by 1971, 1943; A 1973, 312; 1977, 434; 1987, 1333; 1993, 1396; 1995, 1773, 2057; 1997, 579; 1999, 1833)
NV Rev Stat § 687A.030 (2021)
2021 Nevada Revised Statutes|Chapter 687A - Insurance Guaranty Association|NRS 687A.030 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 687A.031 to 687A.039, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1971, 1943; A 1977, 434; 1985, 537, 1073; 2015, 3476)
NV Rev Stat § 687A.031 (2021)
2021 Nevada Revised Statutes|Chapter 687A - Insurance Guaranty Association|NRS 687A.031 - "Association" defined.

Association means the Nevada Insurance Guaranty Association created pursuant to NRS 687A.040.  (Added to NRS by 1985, 1072)
NV Rev Stat § 687A.032 (2021)
2021 Nevada Revised Statutes|Chapter 687A - Insurance Guaranty Association|NRS 687A.032 - "Assumed claims transaction" defined.

Assumed claims transaction includes:  1. A policy obligation that has been assumed by an insolvent insurer, before the entry of a final order of liquidation, through a merger between the insolvent insurer and another entity obligated under the policy.  2. An assumption reinsurance transaction in which:  (a) The insolvent insurer assumed, before the entry of a final order of liquidation, the claim or policy obligations of another insurer or entity obligated under a claim or policy;  (b) The assumption of the claim or policy obligations has been approved by the Commissioner, if such approval is required; and  (c) As a result of the assumption, the claim or policy obligation became the direct obligation of the insolvent insurer through a novation of the claim or policy.  (Added to NRS by 2015, 3476)