616C.412  Purchase of annuity by insurer to ensure payment of claim; adoption of regulations by Commissioner.

1.  An insurer may purchase an annuity to ensure the payment of a claim filed with the insurer pursuant to chapters 616A to 616D, inclusive, or chapter 617 of NRS.

2.  The Commissioner shall adopt such regulations as are necessary to carry out the provisions of this section.

(Added to NRS by 1997, 1425)