706.306 - Maintenance of security; affidavit required upon relinquishment of certificate of self-insurance. - Nevada Statutes

706.306  Maintenance of security; affidavit required upon relinquishment of certificate of self-insurance.

      1.  Any security deposited pursuant to NRS 706.3054 or 706.3056 must be maintained for as long as the depositor holds a certificate of self-insurance or until all claims against the depositor which remain outstanding have reached final judgment and are paid, whichever is later.

      2.  At the time of relinquishing a certificate of self-insurance, an operator of a taxicab shall submit to the Department a properly executed affidavit indicating all claims against the operator which are outstanding. The affidavit must contain the name of each claimant and the amount of each claim.

      (Added to NRS by 1989, 1786)