Insurer prohibited from joining or contributing to assigned risk pool or insurance insolvency guaranty fund.

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A captive insurer shall not join or contribute financially to an assigned risk pool or insurance insolvency guaranty fund in this state. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a pool or fund for claims arising out of the operations of the captive insurer.

(Added to NRS by 1999, 3215; A 2017, 73)


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