Nev. Rev. Stat. § 687A.040
Creation; membership; operation
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NRS 687A.040 Creation; membership; operation. There
is hereby created a nonprofit unincorporated legal entity to be known as the
Nevada Insurance Guaranty Association. All member insurers must be members of
the Association as a condition of their authority to transact insurance in this
state. The Association shall perform its functions under a plan of operation
established and approved pursuant to NRS
687A.070 and shall exercise its powers through a Board of Directors
established under NRS 687A.050.
(Added to NRS by 1971, 1944; A 1985, 1074)
Notes of Decisions
Cited in 1
case, 2009–2009 · leading case: MGM Mirage v. Nevada Insurance Guaranty Ass'n
MGM Mirage v. Nevada Insurance Guaranty Ass'n (2009)
“See NRS 687A.040. NIGA is a nonprofit, unincorporated, legal entity that provides insurance benefits to individuals and entities whose insurers have become insolvent.”
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