The Commissioner:
1. May allow an insurer to use securities as a deposit or as a part of a deposit without delivering the securities to the Commissioner under the conditions specified in regulations adopted pursuant to subsection 1 of NRS 680A.140.
2. Shall allow any successor organization to the State Industrial Insurance System that was established by section 79 of chapter 642, Statutes of Nevada 1981, at page 1449, to use the money held in trust by the organization pursuant to NRS 616B.042 as a deposit or as a part of a deposit for authority to transact industrial insurance without delivering that money to the Commissioner.
(Added to NRS by 1985, 609; A 1999, 1832)
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.