Nevada Revised Statutes 686C.170 – Liability for guaranty provided by laws of another state or jurisdiction
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The Association is not liable under NRS 686C.152 where a guaranty is provided to residents of this state by the laws of the domiciliary state or jurisdiction of the impaired or insolvent insurer other than this state.
Terms Used In Nevada Revised Statutes 686C.170
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.