1. In addition to the deposits authorized by NRS 682B.010, the Commissioner may by regulation require as a condition of transacting the business of insurance in this state that a special deposit be maintained in this state by an authorized insurer who is subject to the provisions of chapter 680A of NRS or by an eligible insurer who is subject to the provisions of chapter 685A of NRS.
2. A deposit pursuant to this section:
(a) Must be held for the sole benefit and protection of policyholders residing in this state and any risk that is resident, located or to be performed in this state that is the subject of insurance; and
(b) Is subject to the provisions of NRS 682B.030 to 682B.120, inclusive.
(Added to NRS by 1993, 2386)
Structure Nevada Revised Statutes
NRS 682B.010 - Authorized deposits.
NRS 682B.015 - Additional deposit.
NRS 682B.020 - Purpose of deposit.
NRS 682B.030 - Securities eligible for deposit.
NRS 682B.050 - Custodial arrangements.
NRS 682B.055 - Use of securities as deposit without delivery to Commissioner.
NRS 682B.060 - Assignment, transfer and conveyance of assets; release.
NRS 682B.080 - Excess deposits.
NRS 682B.090 - Rights of insurer during solvency.
NRS 682B.100 - Levy upon deposit.
NRS 682B.110 - Deficiency of deposit.
NRS 682B.120 - Duration and release of deposit.
NRS 682B.130 - Deposit of assets in trust.
NRS 682B.140 - Purpose and duration.
NRS 682B.150 - Trust agreement: Approval.
NRS 682B.160 - Trust agreement: Amendment.
NRS 682B.170 - Withdrawal of approval.
NRS 682B.180 - Title to assets.
NRS 682B.190 - Assets kept separate.
NRS 682B.200 - Statement of trustee: Filing; disciplinary action for failure to file timely.
NRS 682B.210 - Examination of assets.
NRS 682B.220 - Withdrawal of assets.
NRS 682B.230 - Substitution of trustee.