686C.225 - Termination of obligations: Replacement of coverage or policy. - Nevada Statutes

686C.225  Termination of obligations: Replacement of coverage or policy.  The Association’s obligations with respect to coverage under any policy of the impaired or insolvent insurer or under any reissued or alternative policy ceases on the date the coverage or policy is replaced by another similar policy by the policyholder, the insured or the Association.

      (Added to NRS by 1991, 866)

      NRS 686C.226  Termination of obligations: Failure to pay premiums.  Failure to pay premiums within 31 days after the date required pursuant to the terms of any guaranteed, assumed, alternative or reissued policy or contract or substitute coverage terminates the Association’s obligations under the policy, contract or coverage, except with respect to any claims incurred or any net cash surrender value which may be due in accordance with the provisions of this chapter.

      (Added to NRS by 1991, 866)