Purpose of chapter.

The purpose of this chapter is to protect, within certain limits, the persons specified in subsections 1 and 2 of NRS 686C.030 against failure in the performance of contractual obligations under life insurance, health insurance and annuity policies or contracts specified in subsection 4 of NRS 686C.030 because of the impairment or insolvency of a member insurer issuing such policies or contracts. (Added to NRS by 1973, 302; A 1991, 869; 2001, 1030; 2019, 1084)