NAC680A.228. Termination or suspension of business: Rewriting insurance.

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If a company voluntarily withdraws from doing business in Nevada, has its license suspended or revoked or requires replacement of insurance with other insurers, the policies of that company may be rewritten for the unexpired term by other admitted companies on a pro rata basis, at the original rate in effect when the policy was first written. This section does not apply to life and health insurance contracts.

[Comm’r of Insurance, PC-3, eff. 9-23-72]—(Substituted in revision for NAC 680A.210)

                    
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