686C.260 - Refund to member insurers. - Nevada Statutes

686C.260  Refund to member insurers.  The Board of Directors may, by an equitable method as established in the plan of operation, refund to member insurers, in proportion to the contribution of each insurer to that account, the amount by which the assets of the account exceed the amount the Board finds is necessary to carry out during the coming year the obligations of the Association with regard to that account, including assets accruing from assignment, subrogation, net realized gains and income from investments. A reasonable amount may be retained in any account to provide funds for the continuing expenses of the Association and for future claims.

      (Added to NRS by 1973, 307; A 1991, 877; 2001, 1043)