Nevada Revised Statutes
Chapter 681A - Kinds of Insurance; Limits on Risk; Reinsurance
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 assuming insurer not meeting the requirements of NRS 681A.110, 681A.150 to 681A.190, inclusive, and NRS 681A.211 to 681A.217, inclusive, but only with respect to the insurance of risks located in jurisdictions where such reinsurance is required by applicable law or regulation of that jurisdiction.
(Added to NRS by 1995, 1758; A 2015, 3389; 2021, 2958)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

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

NRS 681A.010 - Definitions; nonexclusive application.

NRS 681A.020 - "Casualty insurance" defined.

NRS 681A.022 - "Continuous care coverage" defined.

NRS 681A.024 - "Covered agreement" defined.

NRS 681A.030 - "Health insurance" defined.

NRS 681A.040 - "Life insurance" defined.

NRS 681A.050 - "Marine and transportation" and "wet marine and transportation" insurance defined.

NRS 681A.055 - "NAIC" defined.

NRS 681A.060 - "Property insurance" defined.

NRS 681A.062 - "Reciprocal jurisdiction" defined.

NRS 681A.068 - "Solvent scheme of arrangement" defined.

NRS 681A.070 - "Surety insurance" defined.

NRS 681A.080 - "Title insurance" defined.

NRS 681A.090 - Multiple line insurers.

NRS 681A.095 - Insurance against legal liability for exemplary or punitive damages.

NRS 681A.100 - Amount of risk that insurer may retain; method for determining risk; applicability.

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

NRS 681A.120 - Cancellation or material changes in treaties or arrangements for reinsurance: Written notice to Commissioner by insurer required.

NRS 681A.130 - Regulations.

NRS 681A.140 - "Qualified financial institution in the United States" defined.

NRS 681A.145 - Regulations governing arrangements for reinsurance relating to life and health insurance and annuity products.

NRS 681A.150 - Requirements for taking certain credit.

NRS 681A.155 - Reinsurance ceded to assuming certified reinsurer.

NRS 681A.1551 - Certified reinsurer: Eligibility.

NRS 681A.1552 - Certified reinsurer: Additional eligibility requirements for associations.

NRS 681A.1553 - Certified reinsurer: Qualified jurisdictions.

NRS 681A.1554 - Certified reinsurer: Ratings by Commissioner; publication of ratings; regulations.

NRS 681A.1555 - Certified reinsurer: Required security.

NRS 681A.1556 - Certified reinsurer: Applicant certified in certain jurisdictions may be deemed by Commissioner to be certified in Nevada.

NRS 681A.1557 - Certified reinsurer: Inactive status.

NRS 681A.160 - Reinsurance ceded to assuming accredited reinsurer in Nevada; suspension or revocation of accreditation or certification of reinsurer.

NRS 681A.170 - Reinsurance ceded to assuming alien insurer.

NRS 681A.180 - Reinsurance ceded to assuming insurer which maintains trust fund for payment of valid claims.

NRS 681A.190 - Reinsurance ceded to group of incorporated insurers under common administration.

NRS 681A.200 - Requirements for establishment or amendment of certain trusts.

NRS 681A.210 - Requirements when assuming insurer is not licensed or accredited to transact insurance or reinsurance in this State.

NRS 681A.211 - Credit for reinsurance ceded by domestic insurer to assuming insurer: Requirements for allowance.

NRS 681A.2115 - Documentation required to be provided by assuming insurer.

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

NRS 681A.213 - List of reciprocal jurisdictions.

NRS 681A.2135 - List of assuming insurers to which cessions are required to be granted credit.

NRS 681A.214 - Revocation or suspension of eligibility of assuming insurer; effect on credit.

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

NRS 681A.215 - Requirements when assuming insurer does not meet certain requirements.

NRS 681A.2155 - Order for assuming insurer to post security during rehabilitation, liquidation or conservation.

NRS 681A.216 - Limitations on agreements regarding security or other terms.

NRS 681A.2165 - Applicability of certain provisions.

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

NRS 681A.220 - Limitation on credit allowed when assuming insurer does not meet certain requirements.

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.

NRS 681A.235 - Management of concentration risk by ceding insurer.

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

NRS 681A.250 - Definitions.

NRS 681A.260 - "Actuary" defined.

NRS 681A.270 - "Automatic agreement" defined.

NRS 681A.280 - "Broker for reinsurance" defined.

NRS 681A.290 - "Cede" defined.

NRS 681A.300 - "Cession" defined.

NRS 681A.310 - "Controlling person" defined.

NRS 681A.320 - "Facultative" defined.

NRS 681A.330 - "Intermediary" defined.

NRS 681A.340 - "Licensed producer" defined.

NRS 681A.350 - "Manager for reinsurance" defined.

NRS 681A.360 - "Reinsured" defined.

NRS 681A.370 - "Reinsurer" defined.

NRS 681A.380 - "Retrocession" defined.

NRS 681A.390 - "Retrocessionaire" defined.

NRS 681A.400 - "Syndicate" defined.

NRS 681A.410 - "Violation" defined.

NRS 681A.420 - Limitations and requirements.

NRS 681A.430 - License to act as intermediary.

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

NRS 681A.450 - Licensed attorney acting as intermediary.

NRS 681A.460 - Brokers: Transactions with insurer; termination; duties.

NRS 681A.470 - Brokers: Maintenance of records of transactions; access to accounts and records by insurer.

NRS 681A.480 - Brokers: Conditions for employment; annual statement of financial condition.

NRS 681A.490 - Managers: Transactions with reinsurer; termination; duties.

NRS 681A.500 - Managers: Compliance with certain standards established by insurer; required provisions in contract; relationship with reinsurer.

NRS 681A.510 - Managers: Requirements for settlement of claims; ownership of claims files; termination of authority to settle claims.

NRS 681A.520 - Managers: Sharing of interim profits.

NRS 681A.530 - Managers: Maintenance of records of transactions; access to accounts and records by reinsurer.

NRS 681A.540 - Managers: Prohibited acts.

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.

NRS 681A.560 - Examination of intermediary by Commissioner.

NRS 681A.570 - Actions that may be taken against intermediary who fails to comply with laws.

NRS 681A.580 - Rights of relevant parties not limited or expanded.