Assumption of reinsurance contracts: Terms and conditions of contract not affected; exceptions.

Nev. Rev. Stat. § 686C.2249
in effect
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1. Except as otherwise provided in NRS 686C.130 to 686C.226 , inclusive, nothing in NRS 686C.224 to 686C.2249 , inclusive, shall alter or modify the terms and conditions of any reinsurance contract. 2. Nothing in this section shall: (a) Abrogate or limit any rights of any reinsurer to claim that it is entitled to rescind a reinsurance contract; (b) Give a policy or contract owner, certificate holder, enrollee or beneficiary an independent cause of action against a reinsurer that is not otherwise set forth in the reinsurance contract; (c) Limit or affect the Association’s rights as a creditor of the estate against the assets of the estate; or (d) Apply to reinsurance agreements covering property or casualty risks.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-686C.htmlFetched: 10/4/2026

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