Nevada Revised Statutes 41.970 – Submission of claim to State Board of Examiners; claim paid from Reserve for Statutory Contingency Account; payment not effective without prior approval of Board
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To recover damages or other monetary relief awarded by a court pursuant to NRS 41.950, less any adjustment pursuant to NRS 41.960, a person who was successful in his or her action brought pursuant to NRS 41.900 must submit a claim to the State Board of Examiners. The claim must be for payment of the damages or other monetary relief from the Reserve for Statutory Contingency Account, upon approval by the State Board of Examiners. Payment does not become effective without the prior approval of the State Board of Examiners.
Terms Used In Nevada Revised Statutes 41.970
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039