Nevada Insurance Guaranty Association

What this document is

Nevada Revised Statutes Chapter 687A - Nevada Insurance Guaranty Association is a state statute published by Nevada Legislature (leg.state.nv.us). It is one of the Nevada documents that insurance license exam questions are written from, including nevada property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• NRS § 687A.100(4) (Exhaustion of remedies of insured)

  “Any person having a claim which may be recovered under more than one insurance guaranty association or its equivalent shall seek recovery first from the association of the place of residence of the insured. However, if the claim is a first party claim for damage to property with a permanent...”

• NRS § 687A.020 (Applicability)

  “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;”

• NRS § 687A.060(1)(a) (Obligations, rights, powers and duties of Association; actions involving Association)

  “(a) Except as otherwise provided in paragraph (b), is obligated to the extent of the covered claims existing before the determination of insolvency and arising within 30 days after the determination of insolvency, or before the expiration date of the policy if that date is less than 30 days after...”

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More Nevada sources

• NRS Chapter 686A - Trade Practices and Frauds (Secs. 686A.010-686A.730 complete, including 686A.130 rebates and 686A.310 unfair claim settlement practices)State statute
• NRS Chapter 689A - Individual Health Insurance (Secs. 689A.010-689A.755 complete)State statute
• NRS Chapters 679A and 679B - Insurance Code General Provisions and Commissioner of Insurance (scope, definitions, Commissioner's powers, examinations, hearings, fraud investigations)State statute
• NRS Chapters 689B and 689C - Group and Blanket Health Insurance and Health Insurance for Small EmployersState statute
• NRS Chapter 688B - Group Life Insurance (Group Life Insurance Law: required provisions, grace period, incontestability, conversion)State statute
• NRS Chapter 686C - Nevada Life and Health Insurance Guaranty Association (coverage, benefit limits, assessments, prohibited advertising)State statute
• NRS Chapters 695B and 695C - Nonprofit Corporations for Hospital, Medical and Dental Service, and Health Maintenance OrganizationsState statute
• NRS Chapter 689A - Individual Health Insurance (required and optional policy provisions, disability coverage, mandated benefits)State statute