Nevada Revised Statutes 694B.190 – Subscribers’ liability on judgment
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1. No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.
Terms Used In Nevada Revised Statutes 694B.190
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
2. Any such judgment shall be binding upon each subscriber only in such proportion as the interests of the subscriber may appear and in an amount not exceeding the contingent liability of the subscriber, if any.