694B.210 - Time limit for assessments. - Nevada Statutes

694B.210  Time limit for assessments.  Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his or her share of any assessment, as computed and limited in accordance with this chapter, if:

      1.  While the policy of the subscriber is in force or within 1 year after its termination, the subscriber is notified by either the attorney or the Commissioner of his or her intentions to levy such assessment; or

      2.  If an order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his or her policy is in force or within 1 year after its termination.

      (Added to NRS by 1971, 1833)