{"data":{"id":"us-nv/nrs-687a.032","jurisdiction":"us-nv","citation":"NRS 687A.032","heading":"“Assumed claims transaction” defined.","body":"“Assumed claims transaction” includes:\n1. A policy obligation that has been assumed by an insolvent insurer, before the entry of a final order of liquidation, through a merger between the insolvent insurer and another entity obligated under the policy.\n2. An assumption reinsurance transaction in which:\n(a) The insolvent insurer assumed, before the entry of a final order of liquidation, the claim or policy obligations of another insurer or entity obligated under a claim or policy;\n(b) The assumption of the claim or policy obligations has been approved by the Commissioner, if such approval is required; and\n(c) As a result of the assumption, the claim or policy obligation became the direct obligation of the insolvent insurer through a novation of the claim or policy.","path":["TITLE 57 — INSURANCE","CHAPTER 687A - NEVADA INSURANCE GUARANTY ASSOCIATION"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-687A.html#NRS687ASec032","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"01b7d28141af7a6f3b03b8c522565f513d0a3b54f19074eaa73d3894f30c334c","source_id":"us-nv","stale":false,"prev":"us-nv/nrs-687a.031","next":"us-nv/nrs-687a.033"},"notice":"GroundRules: Original legal text. Not legal advice."}