"Manager for reinsurance" means a person who has authority to bind or manage all or part of the assumed reinsurance of a reinsurer and acts as an agent for the reinsurer whether known as a manager or other similar term. The term includes the manager of a separate division, department or underwriting office who acts as an agent for a reinsurer. For the purposes of NRS 681A.250 to 681A.580, inclusive, the following persons are not managers with respect to a reinsurer:
1. An employee of the reinsurer;
2. A manager of a branch of an alien reinsurer located in the United States;
3. An underwriting manager who, pursuant to a contract, manages all or part of the reinsurance of the reinsurer, is under common control with the reinsurer within the meaning of chapter 692C of NRS, and whose compensation is not based on the volume of premiums written; or
4. The manager of a group, association, pool or organization of insurers who engage in joint underwriting or joint reinsurance and who are subject to examination by the commissioner of the state in which the principal business office of the manager is located.
(Added to NRS by 1995, 1760)
Structure 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.140 - "Qualified financial institution in the United States" defined.
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.1557 - Certified reinsurer: Inactive status.
NRS 681A.170 - Reinsurance ceded to assuming alien insurer.
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.2115 - Documentation required to be provided by assuming insurer.
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.216 - Limitations on agreements regarding security or other terms.
NRS 681A.2165 - Applicability of certain provisions.
NRS 681A.235 - Management of concentration risk by ceding insurer.
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.480 - Brokers: Conditions for employment; annual statement of financial condition.
NRS 681A.490 - Managers: Transactions with reinsurer; termination; duties.
NRS 681A.520 - Managers: Sharing of interim profits.
NRS 681A.540 - Managers: Prohibited acts.
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.