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What is the Nevada Insurance Guaranty Association?

The Nevada  Insurance Guaranty Association is a non-profit association created by the legislature to pay certain claims of Nevada insurance consumers in the event that a property-casualty company becomes insolvent.  NVIGA is not an insurance company; it does not issue policies, collect premiums or make a profit, or otherwise stand in the shoes of an insolvent insurance company.  We exist solely to pay claims when an insurer becomes insolvent.  All insurance companies that are licensed to sell property and casualty insurance in Nevada are required to be members of the association and to contribute to our fund.  Our governing statute is found at CHAPTER 687A - INSURANCE GUARANTY ASSOCIATION.

 



faq | by Dr. Radut