349.860 - Insurance. - Nevada Statutes

349.860  Insurance.  The Director may use money from the fund for financing exports to:

      1.  Insure against the program’s risk of loss resulting from the failure of the exporter to repay the loan provided by a participating financial institution; and

      2.  Purchase insurance to secure the payment of the principal of, interest on, and premium, if any, due in connection with any bonds issued.

      (Added to NRS by 1985, 2020)