Nevada Revised Statutes
Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance

NRS 681A.050 - "Marine and transportation" and "wet marine and transportation" insurance defined. - 1. "Marine and transportation insurance" includes: (a) Insurance against any...

NRS 681A.055 - "NAIC" defined. - "NAIC" means the National Association of Insurance Commissioners or its...

NRS 681A.060 - "Property insurance" defined. - 1. "Property insurance" is insurance on real or personal property...

NRS 681A.062 - "Reciprocal jurisdiction" defined. - "Reciprocal jurisdiction" means a jurisdiction, as designated by the Commissioner...

NRS 681A.068 - "Solvent scheme of arrangement" defined. - "Solvent scheme of arrangement" means a foreign or alien statutory...

NRS 681A.070 - "Surety insurance" defined. - "Surety insurance" includes: 1. Fidelity insurance, which is insurance guaranteeing...

NRS 681A.080 - "Title insurance" defined. - "Title insurance" means insuring, guaranteeing or indemnifying owners of property...

NRS 681A.090 - Multiple line insurers. - A multiple line insurer may transact: 1. Any two or...

NRS 681A.095 - Insurance against legal liability for exemplary or punitive damages. - An insurer may insure against legal liability for exemplary or...

NRS 681A.100 - Amount of risk that insurer may retain; method for determining risk; applicability. - 1. Except as otherwise provided for domestic mutual insurers in...

NRS 681A.110 - Reinsurance authorized for all or part of risk; requirements for reinsurance with unauthorized insurer. - An insurer may reinsure all or any part of an...

NRS 681A.120 - Cancellation or material changes in treaties or arrangements for reinsurance: Written notice to Commissioner by insurer required. - An insurer shall promptly inform the Commissioner in writing of...

NRS 681A.130 - Regulations. - The Commissioner may adopt regulations to carry out the provisions...

NRS 681A.140 - "Qualified financial institution in the United States" defined. - As used in NRS 681A.140 to 681A.240, inclusive, "qualified financial...

NRS 681A.145 - Regulations governing arrangements for reinsurance relating to life and health insurance and annuity products. - 1. The Commissioner may adopt regulations applicable to arrangements for...

NRS 681A.150 - Requirements for taking certain credit. - 1. No credit may be taken as an asset or...

NRS 681A.155 - Reinsurance ceded to assuming certified reinsurer. - Credit must be allowed when the reinsurance is ceded to...

NRS 681A.1551 - Certified reinsurer: Eligibility. - To be eligible for certification, an assuming insurer must: 1....

NRS 681A.1552 - Certified reinsurer: Additional eligibility requirements for associations. - An association that includes incorporated and individual unincorporated underwriters may...

NRS 681A.1553 - Certified reinsurer: Qualified jurisdictions. - 1. The Commissioner shall create and publish a list of...

NRS 681A.1554 - Certified reinsurer: Ratings by Commissioner; publication of ratings; regulations. - The Commissioner shall: 1. Assign a rating to each certified...

NRS 681A.1555 - Certified reinsurer: Required security. - 1. For a domestic ceding insurer to qualify for full...

NRS 681A.1556 - Certified reinsurer: Applicant certified in certain jurisdictions may be deemed by Commissioner to be certified in Nevada. - If an applicant for certification has been certified as a...

NRS 681A.1557 - Certified reinsurer: Inactive status. - A certified reinsurer that ceases to assume new business in...

NRS 681A.160 - Reinsurance ceded to assuming accredited reinsurer in Nevada; suspension or revocation of accreditation or certification of reinsurer. - 1. Except as otherwise provided in subsection 2, credit must...

NRS 681A.170 - Reinsurance ceded to assuming alien insurer. - 1. Except as otherwise provided in subsection 2, credit must...

NRS 681A.180 - Reinsurance ceded to assuming insurer which maintains trust fund for payment of valid claims. - 1. Credit must be allowed if reinsurance is ceded to...

NRS 681A.190 - Reinsurance ceded to group of incorporated insurers under common administration. - 1. Credit must be allowed if reinsurance is ceded to...

NRS 681A.200 - Requirements for establishment or amendment of certain trusts. - 1. A trust for the purposes of NRS 681A.180 or...

NRS 681A.210 - Requirements when assuming insurer is not licensed or accredited to transact insurance or reinsurance in this State. - 1. Except as otherwise provided in subsection 2, if the...

NRS 681A.211 - Credit for reinsurance ceded by domestic insurer to assuming insurer: Requirements for allowance. - The Commissioner must allow credit for reinsurance ceded by a...

NRS 681A.2115 - Documentation required to be provided by assuming insurer. - The assuming insurer or its legal successor must provide, if...

NRS 681A.212 - Practice of prompt payment of claims required to be maintained by assuming insurer; criteria evidencing lack of prompt payment. - The assuming insurer must maintain a practice of prompt payment...

NRS 681A.2125 - Confirmation to Commissioner of compliance by assuming insurer with certain requirements related to minimum capital and surplus and minimum solvency or capital ratio. - The assuming insurer’s supervisory authority must confirm to the Commissioner...

NRS 681A.213 - List of reciprocal jurisdictions. - 1. The Commissioner shall timely create and publish a list...

NRS 681A.2135 - List of assuming insurers to which cessions are required to be granted credit. - 1. The Commissioner shall timely create and publish a list...

NRS 681A.214 - Revocation or suspension of eligibility of assuming insurer; effect on credit. - 1. If the Commissioner determines that an assuming insurer no...

NRS 681A.2145 - Procedure for denying statement credit or imposing requirement to post security. - Before denying statement credit or imposing a requirement to post...

NRS 681A.215 - Requirements when assuming insurer does not meet certain requirements. - Repealed. (See chapter 478, Statutes of Nevada 2021, at page...

NRS 681A.2155 - Order for assuming insurer to post security during rehabilitation, liquidation or conservation. - If subject to a legal process of rehabilitation, liquidation or...

NRS 681A.216 - Limitations on agreements regarding security or other terms. - Nothing in NRS 681A.211 to 681A.2165, inclusive, limits or in...

NRS 681A.2165 - Applicability of certain provisions. - 1. Credit may be taken under NRS 681A.211 to 681A.2165,...

NRS 681A.217 - Conditions under which credit allowed when assuming insurer does not meet certain requirements. - If the assuming insurer does not meet the requirements of...

NRS 681A.220 - Limitation on credit allowed when assuming insurer does not meet certain requirements. - Credit must be allowed if reinsurance is ceded to an...

NRS 681A.230 - Ceding insurer to be allowed credit if reinsurance lawfully ceded to qualified assuming insurer; domiciliary liquidator of insolvent ceding insurer to give notice to assuming insurer of any claim against ceding insurer. - 1. Credit must be allowed as an asset or as...

NRS 681A.235 - Management of concentration risk by ceding insurer. - 1. A ceding insurer shall take steps to manage its...

NRS 681A.240 - Requirements for reduction from liability when assuming insurer does not meet certain requirements concerning risk-based capital. - A reduction from liability for the reinsurance ceded by a...

NRS 681A.250 - Definitions. - As used in NRS 681A.250 to 681A.580, inclusive, unless the...

NRS 681A.260 - "Actuary" defined. - "Actuary" means a person who is a member in good...

NRS 681A.270 - "Automatic agreement" defined. - "Automatic agreement" means an agreement between a reinsured and reinsurer...

NRS 681A.280 - "Broker for reinsurance" defined. - "Broker for reinsurance" means a person who negotiates a contract...

NRS 681A.290 - "Cede" defined. - "Cede" means to pass on to another insurer, who is...

NRS 681A.300 - "Cession" defined. - "Cession" means the unit of insurance passed to a reinsurer...

NRS 681A.310 - "Controlling person" defined. - "Controlling person" means a person who directly or indirectly has...

NRS 681A.320 - "Facultative" defined. - A submission is "facultative" if both the primary insurer and...

NRS 681A.330 - "Intermediary" defined. - "Intermediary" includes a broker for reinsurance or a manager for...

NRS 681A.340 - "Licensed producer" defined. - "Licensed producer" means an agent, broker or intermediary licensed pursuant...

NRS 681A.350 - "Manager for reinsurance" defined. - "Manager for reinsurance" means a person who has authority to...

NRS 681A.360 - "Reinsured" defined. - "Reinsured" means an insurer that has placed risks with a...

NRS 681A.370 - "Reinsurer" defined. - "Reinsurer" means a person licensed in this state as an...

NRS 681A.380 - "Retrocession" defined. - "Retrocession" means a transaction whereby a reinsurer cedes to another...

NRS 681A.390 - "Retrocessionaire" defined. - "Retrocessionaire" means the assuming reinsurer in a retrocession. (Added to...

NRS 681A.400 - "Syndicate" defined. - "Syndicate" means a joint underwriting operation of insurance or reinsurance...

NRS 681A.410 - "Violation" defined. - "Violation" by an intermediary, insurer or reinsurer for whom the...

NRS 681A.420 - Limitations and requirements. - 1. A person shall not act as a broker for...

NRS 681A.430 - License to act as intermediary. - 1. The Commissioner may issue a license to act as...

NRS 681A.440 - Circumstances under which Commissioner is authorized to refuse to issue license. - 1. The Commissioner may refuse to issue a license to...

NRS 681A.450 - Licensed attorney acting as intermediary. - When acting in his or her professional capacity, an attorney...

NRS 681A.460 - Brokers: Transactions with insurer; termination; duties. - 1. A transaction between a broker for reinsurance and the...

NRS 681A.470 - Brokers: Maintenance of records of transactions; access to accounts and records by insurer. - 1. For 10 years after expiration of each contract of...

NRS 681A.480 - Brokers: Conditions for employment; annual statement of financial condition. - 1. An insurer shall not engage the services of any...

NRS 681A.490 - Managers: Transactions with reinsurer; termination; duties. - 1. Transactions between a manager for reinsurance and the reinsurer...

NRS 681A.500 - Managers: Compliance with certain standards established by insurer; required provisions in contract; relationship with reinsurer. - 1. A manager for reinsurance shall comply with the written...

NRS 681A.510 - Managers: Requirements for settlement of claims; ownership of claims files; termination of authority to settle claims. - 1. If a contract between a manager for reinsurance and...

NRS 681A.520 - Managers: Sharing of interim profits. - If a contract between a manager for reinsurance and the...

NRS 681A.530 - Managers: Maintenance of records of transactions; access to accounts and records by reinsurer. - 1. For at least 10 years after expiration of each...

NRS 681A.540 - Managers: Prohibited acts. - A manager for reinsurance shall not: 1. Except as otherwise...

NRS 681A.550 - Managers: Conditions for employment; annual statement of financial condition; reserves for losses; retrocessional contracts; notice of termination; prohibition against serving on board of directors of reinsurer. - 1. A reinsurer shall not engage the services of any...

NRS 681A.560 - Examination of intermediary by Commissioner. - 1. An intermediary is subject to examination by the Commissioner....

NRS 681A.570 - Actions that may be taken against intermediary who fails to comply with laws. - 1. If the Commissioner believes that the reinsurance intermediary or...

NRS 681A.580 - Rights of relevant parties not limited or expanded. - NRS 681A.250 to 681A.580, inclusive, do not limit or restrict...

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Nevada Revised Statutes Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance

Nevada Revised Statutes
Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance