§ 686C.130 Creation of Association; membership; operation; accounts; supervision by Commissioner
§ 686C.140 Board of Directors: Members; vacancies; initial selection; reimbursement of expenses
§ 686C.150 Powers regarding impaired insurers
§ 686C.152 Duties regarding insolvent insurers
§ 686C.153 Provision of substitute benefits and coverage with respect to covered policies or contracts
§ 686C.154 Alternative policies or contracts: Adoption; approval; contents; premium; coverage
§ 686C.155 Ensuring of payment or credit of guaranteed minimum interest rate
§ 686C.156 Issuance of substitute coverage for policy or contract that uses external reference for calculating returns or changes in value
§ 686C.158 Payment of premiums; liability for unearned premiums
§ 686C.160 Imposition of restraints on insurers
§ 686C.170 Liability for guaranty provided by laws of another state or jurisdiction
§ 686C.175 Receipt and disposition of deposit held pursuant to law or required by Commissioner for benefit of creditors
§ 686C.180 Provision of assistance to Commissioner
§ 686C.190 Legal standing
§ 686C.200 Subrogation
§ 686C.210 Limitations on obligations
§ 686C.220 General powers
§ 686C.221 Determination of means to provide benefits; limitation on entitlement to benefits
§ 686C.222 Requests for information from member insurers
§ 686C.223 Election to succeed to rights and obligations of member insurer; transfer of obligations to another insurer
§ 686C.224 Assumption of reinsurance contracts: Authority; duties and responsibilities of ceding member insurers and Association
§ 686C.2241 Assumption of reinsurance contracts: Suspension of rights and obligations for period after order of liquidation
§ 686C.2243 Assumption of reinsurance contracts: Contracts not assumed by Association
§ 686C.2245 Assumption of reinsurance contracts: Transfer of contracts by Association
§ 686C.2247 Assumption of reinsurance contracts: Applicability of other provisions
§ 686C.2249 Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions
§ 686C.225 Termination of obligations: Replacement of coverage under policy or contract
§ 686C.226 Termination of obligations: Failure to pay premiums

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Terms Used In Nevada Revised Statutes > Chapter 686C > Organization; Powers and Duties

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Germane: On the subject of the pending bill or other business; a strict standard of relevance.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.