Section 687A.110 - Detection and prevention of insolvency: Powers of Board of Directors To aid in the detection and prevention of insurer insolvencies:
1. The Board of Directors may, upon majority vote, make recommendations to the Commissioner upon any matter generally related to improving or enhancing regulation for solvency.2. The Board of Directors may, upon majority vote, make recommendations to the Commissioner for the detection and prevention of insurer insolvencies.3. The Board of Directors may, at the conclusion of any insolvency of a domestic insurer in which the Association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the Association, and submit such report to the Commissioner.Added to NRS by 1971, 1948; A 1977, 437; 2021, 121Amended by 2021, Ch. 27,§15, eff. 10/1/2021.Added to NRS by 1971, 1948; A 1977, 437