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Code · Nevada · CHAPTER 349 - STATE OBLIGATIONS

NRS 349.860 Insurance.

65 words·~1 min read·/nv/chapter-349-state-obligations/349-860

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NRS 349.860 Insurance. The Director may use money from the fund for financing exports to:
1. Insure against the program’s risk of loss resulting from the failure of the exporter to repay the loan provided by a participating financial institution; and
2. Purchase insurance to secure the payment of the principal of, interest on, and premium, if any, due in connection with any bonds issued.
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