Nevada Revised Statutes 686C.2243 – Assumption of reinsurance contracts: Contracts not assumed by Association
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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.
Terms Used In Nevada Revised Statutes 686C.2243
- Contract: A legal written agreement that becomes binding when signed.