NV-S-0196 Insurance NON-STATE STATUTORY ASSOCIATION

Insurance guaranty association member assessment // up to 2% of prior year net direct written premiums

OPERATING CLASSIFICATION: Under Nevada Tax Rates audit doctrine (Tax = any money the Nevada government receives in any way), Insurance guaranty association member assessment (NV-S-0196) is cataloged in the Insurance extraction domain, administered by Nevada Insurance Guaranty Association under NRS 687A.060.

STATUTORY CHARGE AUTHORITY (DATABASE A)

  • Record ID: NV-S-0196
  • Exact Statutory Label: Insurance guaranty association member assessment
  • Category: Insurance
  • Quantified Amount: up to 2% of prior year net direct written premiums
  • Amount Type: maximum
  • Assessment Unit / Periodicity: of member insurer net direct written premium per year
  • NRS Citation: NRS 687A.060
  • NAC Citation: None / Pending NAC schedule check
  • Qualifiers & Exceptions: Association not state government; assessments follow covered insolvencies. NRS 687A.140 calls for premium rate recoupment net of returns/credits; do not add association receipts to state revenue.

GOVERNMENT CASH FLOW, BILLING & PASS-THROUGH

  • Forced Payer: Member property/casualty insurers
  • Collecting Agency: Nevada Insurance Guaranty Association
  • Collector Level: state_or_state_board
  • Revenue Flow Tag: legally_mandated_to_nonstate_association — Legally mandated insurer assessment paid to Nevada Insurance Guaranty Association with statutory premium rate recoupment (NRS 687A.060 / 687A.140) — excluded from State Treasury revenue total
  • Bill Surface: insurance premiums
  • Pass-Through Status: express rate recoupment under NRS 687A.140
  • Fund Receiver Type: private_statutory_association
  • Designated Deposit Fund: State Treasury / Agency Budget Account (to reconcile via Controller ledger)
  • No-Double-Count Treatment: Excluded from additive state charge count (index, ceiling, custodial, transfer, 3rd-party retention, or non-state association)

VERIFICATION & LEDGER STATUS (DATABASE B)

  • Last Researched: 2026-10-25
  • Source Record Type: NRS or official state agency source
  • Law Verification Status: statute_identified
  • Rate Effective Period: Statutory snapshot 2026-10-25
  • Live Agency Schedule Check: verify_2026_effective_schedule_except_if_fixed_by_statute
  • Rate Verification Note: Association not state government; assessments follow covered insolvencies. NRS 687A.140 calls for premium rate recoupment net of returns/credits; do not add association receipts to state revenue.
  • Actual FY2026 Ledger Revenue: Pending State Controller (NRS 227.295) / ACFR / FOIA reconciliation
  • Primary Official Source: https://www.leg.state.nv.us/NRS/NRS-687A.html

OTHER EXTRACTIONS IN INSURANCE

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