Nevada Revised Statutes
Chapter 692C - Holding Companies

NRS 692C.056 - "Group Capital Calculation instructions" defined. - "Group Capital Calculation instructions" means the applicable instructions for group...

NRS 692C.057 - "Insurance group" defined. - "Insurance group" means, for the purpose of conducting an ORSA...

NRS 692C.060 - "Insurance holding company system" defined. - "Insurance holding company system" means a combination of two or...

NRS 692C.070 - "Insurer" defined. - "Insurer" has the meaning ascribed in NRS 679A.100. It does...

NRS 692C.075 - "Involved insurer" defined. - "Involved insurer" includes an insurer that: 1. Acquires a person...

NRS 692C.076 - "NAIC" defined. - "NAIC" means the National Association of Insurance Commissioners. (Added to...

NRS 692C.0765 - "NAIC Liquidity Stress Test Framework" defined. - "NAIC Liquidity Stress Test Framework" means a separate NAIC publication...

NRS 692C.077 - "ORSA Guidance Manual" defined. - "ORSA Guidance Manual" means the current version of the NAIC...

NRS 692C.078 - "ORSA Summary Report" defined. - "ORSA Summary Report" means a confidential high-level summary of an...

NRS 692C.079 - "Own Risk and Solvency Assessment" and "ORSA" defined. - "Own Risk and Solvency Assessment" or "ORSA" means a confidential...

NRS 692C.080 - "Person" defined. - "Person" includes an individual, corporation, limited-liability company, partnership, association, joint...

NRS 692C.085 - "Scope Criteria" defined. - "Scope Criteria" means, as detailed in the NAIC Liquidity Stress...

NRS 692C.090 - "Security holder" defined. - "Security holder" means one who owns any security of a...

NRS 692C.100 - "Subsidiary" defined. - "Subsidiary" means an affiliate of a designated person who is...

NRS 692C.110 - "Voting security" defined. - "Voting security" includes any security convertible into or evidencing a...

NRS 692C.120 - Rules, regulations and orders. - The Commissioner may, pursuant to NRS 679B.130, issue such rules,...

NRS 692C.130 - Organization and acquisition of subsidiaries authorized. - Any domestic insurer, either by itself or in cooperation with...

NRS 692C.140 - Authorized investments in securities of subsidiaries. - In addition to making investments in common stock, preferred stock,...

NRS 692C.150 - Exemption from restrictions on investments. - Investments in common stock, preferred stock, debt obligations or other...

NRS 692C.160 - Determination of qualification of investment. - Whether or not any investment made pursuant to NRS 692C.140...

NRS 692C.170 - Cessation of control: Disposal of investment required; exception. - If an insurer ceases to control a subsidiary, it shall...

NRS 692C.180 - Acquisition or merger: Filing requirements; approval by Commissioner; regulations. - 1. No person other than the issuer may make a...

NRS 692C.190 - Acquisition or merger: Contents of pre-acquisition statement. - The pre-acquisition statement to be filed with the Commissioner hereunder...

NRS 692C.200 - Acquisition or merger: Use of alternative documents. - If any offer, request, invitation, agreement or acquisition referred to...

NRS 692C.210 - Acquisition or merger: Prerequisites for approval; hearing and notice; powers and duties of Commissioner; period for infusion of capital. - 1. Except as otherwise provided in subsections 5 and 7,...

NRS 692C.220 - Information required to be furnished to shareholders; expenses of mailing; filing of security for payment of expenses. - All statements, amendments or other material filed pursuant to NRS...

NRS 692C.230 - Exemptions. - The provisions of NRS 692C.180 to 692C.250, inclusive, do not...

NRS 692C.240 - Violations. - The following shall be violations of NRS 692C.180 to 692C.250,...

NRS 692C.250 - Jurisdiction of court; consent to service of process. - 1. The courts of this state are hereby vested with...

NRS 692C.252 - Applicability. - The provisions of this chapter apply to any acquisition in...

NRS 692C.254 - Form of notice; waiting period. - 1. An acquisition to which the provisions of NRS 692C.252...

NRS 692C.256 - Order of Commissioner relating to acquisition: Issuance; competitive standard. - 1. The Commissioner may issue an order pursuant to NRS...

NRS 692C.258 - Order of Commissioner relating to acquisition: Hearing; written decision; effective date; plan to remedy conditions that caused order to be issued; applicability; penalty. - 1. Except as otherwise provided in this section, if the...

NRS 692C.260 - Registration required; person within insurance holding company system subject to registration required to provide information to insurer. - 1. Every insurer which is authorized to do business in...

NRS 692C.270 - Contents of registration statement; statement relating to corporate oversight; financial statements. - Every insurer subject to registration shall file: 1. A registration...

NRS 692C.280 - Registration statement: Exempt information. - No information need be disclosed on the registration statement filed...

NRS 692C.290 - Registration statement: Amendment; report of distributions to shareholders; report of enterprise risk; filing of annual group capital calculation; filing of results of liquidity stress test; action by Commissioner for certain violation... - 1. Each registered insurer shall keep current the information required...

NRS 692C.292 - Authorized use of and prohibited statements regarding group capital calculations, liquidity stress tests and related information. - 1. The group capital calculation and resulting group capital ratio...

NRS 692C.294 - Group capital calculation: Exemptions from filing requirements; grounds for termination of exemption. - 1. When an insurance holding company system has previously filed...

NRS 692C.296 - Group capital calculation: Recognition and acceptance. - 1. A non-United States jurisdiction is considered to recognize and...

NRS 692C.300 - Termination of registration. - The Commissioner shall terminate the registration of any insurer which...

NRS 692C.310 - Consolidated registration. - The Commissioner may require or allow two or more affiliated...

NRS 692C.320 - Registration on behalf of affiliated insurer. - The Commissioner may allow an insurer which is authorized to...

NRS 692C.330 - Disclaimer of affiliation or request for termination of registration; granting or disallowance. - 1. Any person may file with the Commissioner: (a) A...

NRS 692C.340 - Exemptions. - The provisions of NRS 692C.260 to 692C.350, inclusive, shall not...

NRS 692C.350 - Violations; penalties. - 1. The failure to file a registration statement or summary...

NRS 692C.3501 - "Corporate governance annual disclosure" defined. - As used in NRS 692C.3501 to 692C.3509, inclusive, unless the...

NRS 692C.3503 - Applicability and scope. - 1. The requirements of NRS 692C.3501 to 692C.3509, inclusive, apply...

NRS 692C.3504 - Submission; requirements; review; regulations. - 1. Each insurer, or the insurance group of which the...

NRS 692C.3505 - Rules, regulations and orders. - The Commissioner may, upon notice and opportunity for all interested...

NRS 692C.3506 - Contents and preparation; regulations. - 1. Except as otherwise provided in subsection 2, an insurer...

NRS 692C.3507 - Confidentiality. - 1. Except as otherwise provided in NRS 692C.3501 to 692C.3509,...

NRS 692C.3508 - Retention of third-party consultants; agreements with National Association of Insurance Commissioners and third-party consultants governing sharing and use of information. - To assist the performance of the Commissioner’s regulatory duties, the...

NRS 692C.3509 - Penalties. - 1. If an insurer or insurance group fails, without just...

NRS 692C.351 - Risk management framework required. - An insurer shall maintain a risk management framework to assist...

NRS 692C.3512 - Own Risk and Solvency Assessment requirement. - Subject to the provisions of NRS 692C.352 to 692C.353, inclusive,...

NRS 692C.3514 - Filing of ORSA Summary Report. - Upon the request of the Commissioner, and not more than...

NRS 692C.3516 - Required attestation of ORSA Summary Report. - The report required by NRS 692C.3514 must include a signature...

NRS 692C.3518 - Acceptable alternative to ORSA Summary Report. - An insurer may comply with the requirements of NRS 692C.3514...

NRS 692C.352 - Exemption from risk management and ORSA requirements. - An insurer is exempt from the requirements of NRS 692C.351...

NRS 692C.3522 - Filing requirements for exempt member of nonexempt insurance group. - If an insurer qualifies for an exemption pursuant to subsection...

NRS 692C.3524 - Filing requirements for nonexempt member of exempt insurance group. - If an insurer does not qualify for an exemption pursuant...

NRS 692C.3526 - Waiver of requirements: Application by nonexempt insurer; granting. - An insurer that does not qualify for an exemption pursuant...

NRS 692C.3528 - Authority of Commissioner to impose certain requirements on exempt insurer. - Notwithstanding the provisions of NRS 692C.352 to 692C.3526, inclusive: 1....

NRS 692C.353 - Requirements for exempt insurer no longer qualified for exemption. - If an insurer that qualifies for an exemption pursuant to...

NRS 692C.3532 - Contents of ORSA Summary Report. - An ORSA Summary Report must be prepared consistent with the...

NRS 692C.3534 - Review of ORSA Summary Report. - The review of an ORSA Summary Report, and any additional...

NRS 692C.3536 - Confidentiality of information. - 1. Except as otherwise provided in this section and NRS...

NRS 692C.3538 - Confidential information: Testimonial prohibition; exception. - Neither the Commissioner, nor any other person who received documents,...

NRS 692C.354 - Allowed disclosure and receipt of confidential information by Commissioner; agreements governing sharing and use of information. - To assist the performance of the Commissioner’s regulatory duties, the...

NRS 692C.3542 - Sharing of information by Commissioner not delegation of regulatory authority or rulemaking. - The sharing of documents, materials and other information by the...

NRS 692C.3544 - Disclosure of information to Commissioner not waiver of privilege of confidentiality. - No waiver of any applicable privilege or claim of confidentiality...

NRS 692C.3546 - Applicability of confidentiality provisions to NAIC and third parties. - Documents, materials or other information in the possession or control...

NRS 692C.3548 - Prohibited acts; penalties. - 1. The failure to file an ORSA Summary Report required...

NRS 692C.355 - Proposal to acquire or change or continue control of insurer domiciled in State: Notice; action by Commissioner. - An insurer, financial holding company, depositary institution or affiliate of...

NRS 692C.357 - Domestic insurer under control of foreign person not relieved of obligations and liabilities; requirements for board of directors of registered domestic insurer; exception; waiver. - 1. If a domestic insurer is under the control of...

NRS 692C.359 - Supervisory college: Commissioner may convene or participate; composition; agreements with other regulatory agencies. - 1. The Commissioner may, for any registered insurer who is...

NRS 692C.360 - Transactions with affiliates; regulations. - 1. Material transactions by registered insurers with their affiliates are...

NRS 692C.363 - Insurer required to notify Commissioner of intent to enter into certain transactions with affiliate; approval of transactions; exceptions. - 1. Except as otherwise provided in subsection 2, a domestic...

NRS 692C.367 - Insurer prohibited from entering into separate transactions with affiliate with intent to avoid review; review of transactions by Commissioner; insurer required to notify Commissioner of large investment in corporation. - 1. A domestic insurer may not intentionally enter into transactions...

NRS 692C.370 - Adequacy of surplus. - For the purposes of this chapter, in determining whether or...

NRS 692C.372 - Group-wide supervision of internationally active insurance groups: Definitions. - As used in NRS 692C.372 to 692C.378, inclusive, unless the...

NRS 692C.374 - Group-wide supervision of internationally active insurance groups: "Group-wide supervisor" defined. - "Group-wide supervisor" means a regulatory official who is authorized to...

NRS 692C.376 - Group-wide supervision of internationally active insurance groups: "Internationally active insurance group" defined. - "Internationally active insurance group" means an insurance holding company system...

NRS 692C.378 - Group-wide supervision of internationally active insurance groups: Determination or acknowledgment of group-wide supervisor; change of group-wide supervisor; powers of Commissioner when acting as group-wide supervisor; agreements; regu... - 1. The Commissioner may act as the group-wide supervisor for...

NRS 692C.380 - Extraordinary distributions to shareholders: Definition. - For purposes of NRS 692C.360 to 692C.400, inclusive, an extraordinary...

NRS 692C.390 - Extraordinary distributions to shareholders: Notice; approval. - 1. An insurer subject to registration under NRS 692C.260 to...

NRS 692C.400 - Extraordinary distributions to shareholders: Conditional declaration. - Notwithstanding any other provision of law, an insurer may declare...

NRS 692C.402 - Sources from which receiver appointed under order for liquidation or rehabilitation of insurer is authorized to recover. - 1. If an order for liquidation or rehabilitation of a...

NRS 692C.404 - Liability of person who controlled insurer or affiliate at time distributions were paid or declared. - 1. A person who was a parent corporation or holding...

NRS 692C.410 - Examination of insurer: Powers of Commissioner; payment of expenses. - 1. Subject to the limitation contained in this section and...

NRS 692C.420 - Confidentiality of disclosed information; exception; privileges; agreements governing sharing and use of information; effect of sharing or disclosure; applicability to third parties. - 1. Except as otherwise provided in NRS 239.0115, all information,...

NRS 692C.430 - Injunctive relief. - Whenever it appears to the Commissioner that any insurer or...

NRS 692C.440 - Prohibited voting of securities. - 1. No security which is the subject of any agreement...

NRS 692C.450 - Sequestration of voting securities. - In any case where a person has acquired or is...

NRS 692C.460 - Receivership. - Whenever it appears to the Commissioner that any person has...

NRS 692C.470 - Suspension or revocation of or refusal to renew license. - Whenever it appears to the Commissioner that any person has...

NRS 692C.480 - Criminal proceedings and penalties. - 1. Whenever it appears to the Commissioner that any insurer...

NRS 692C.485 - Penalty for violation of certain provisions by director or officer of insurance holding company system; order of Commissioner to cease and desist; order of Commissioner to rescind certain contracts. - 1. A director or officer of an insurance holding company...

NRS 692C.490 - Judicial review. - 1. Any person aggrieved by any act, determination, regulation, order...

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Nevada Revised Statutes Chapter 692C - Holding Companies

Nevada Revised Statutes
Chapter 692C - Holding Companies