Nevada Revised Statutes 693B.160 – Presumption of acute emergency; powers of board or emergency board of directors
1. In any action or proceeding it shall be presumed that an acute emergency existing within any city or county within the state constitutes an acute emergency affecting every organization doing business within such city or county.
Terms Used In Nevada Revised Statutes 693B.160
- Acute emergency: means a period in which, by reason of loss of life, epidemic disease, destruction or damage of property, contamination of property by radiological, chemical or bacteriological means, or disruption of the means of transportation and communication, resulting from an attack, it is impossible or impracticable for the business of insurance in this state to be conducted in strict accord with the provisions of law or charters applicable thereto. See Nevada Revised Statutes 693B.010
- Board: means the board of directors, board of trustees, committee or similar body having control of the affairs of an organization. See Nevada Revised Statutes 693B.010
- Commissioner: means the Commissioner of Insurance or other person designated to exercise the powers of that office during an acute emergency. See Nevada Revised Statutes 693B.010
- county: includes Carson City. See Nevada Revised Statutes 0.033
- Domestic organization: means any organization which is domiciled in this state, including, insofar as the provisions of this chapter may appropriately apply thereto, any welfare or pension fund or United States branch of an alien insurer. See Nevada Revised Statutes 693B.010
- Organization: means any insurer, rating organization, service or advisory organization, joint underwriting association or other organization which is subject, in whole or in part, to the insurance laws of this state. See Nevada Revised Statutes 693B.010
2. During an acute emergency:
(a) The board of a domestic organization which has adopted emergency bylaws, approved by the Commissioner, shall have the powers conferred by such bylaws and, except as provided in subsection 1 of NRS 693B.130, shall, to the extent that such bylaws relate to the subject matter contained in NRS 693B.040 to 693B.100, inclusive, have no other or different powers with respect to such subject matter.
(b) The board of a domestic organization which has not adopted emergency bylaws, approved by the Commissioner, shall have all powers of an emergency board of directors pursuant to NRS 693B.030 to 693B.100, inclusive.