Nevada Revised Statutes
Chapter 692C - Holding Companies
NRS 692C.170 - Cessation of control: Disposal of investment required; exception.

If an insurer ceases to control a subsidiary, it shall dispose of any investment therein made pursuant to NRS 692C.140 within 3 years from the time of the cessation of control or within such further time as the Commissioner may prescribe, unless any such investment shall have met the requirements for investment under any other section of this chapter, and the insurer has notified the Commissioner thereof.
(Added to NRS by 1973, 1040)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 692C - Holding Companies

NRS 692C.010 - Short title.

NRS 692C.020 - Definitions.

NRS 692C.025 - "Acquisition" defined.

NRS 692C.030 - "Affiliate" defined.

NRS 692C.040 - "Commissioner" defined.

NRS 692C.050 - "Control" defined.

NRS 692C.055 - "Enterprise risk" defined.

NRS 692C.056 - "Group Capital Calculation instructions" defined.

NRS 692C.057 - "Insurance group" defined.

NRS 692C.060 - "Insurance holding company system" defined.

NRS 692C.070 - "Insurer" defined.

NRS 692C.075 - "Involved insurer" defined.

NRS 692C.076 - "NAIC" defined.

NRS 692C.0765 - "NAIC Liquidity Stress Test Framework" defined.

NRS 692C.077 - "ORSA Guidance Manual" defined.

NRS 692C.078 - "ORSA Summary Report" defined.

NRS 692C.079 - "Own Risk and Solvency Assessment" and "ORSA" defined.

NRS 692C.080 - "Person" defined.

NRS 692C.085 - "Scope Criteria" defined.

NRS 692C.090 - "Security holder" defined.

NRS 692C.100 - "Subsidiary" defined.

NRS 692C.110 - "Voting security" defined.

NRS 692C.120 - Rules, regulations and orders.

NRS 692C.130 - Organization and acquisition of subsidiaries authorized.

NRS 692C.140 - Authorized investments in securities of subsidiaries.

NRS 692C.150 - Exemption from restrictions on investments.

NRS 692C.160 - Determination of qualification of investment.

NRS 692C.170 - Cessation of control: Disposal of investment required; exception.

NRS 692C.180 - Acquisition or merger: Filing requirements; approval by Commissioner; regulations.

NRS 692C.190 - Acquisition or merger: Contents of pre-acquisition statement.

NRS 692C.200 - Acquisition or merger: Use of alternative documents.

NRS 692C.210 - Acquisition or merger: Prerequisites for approval; hearing and notice; powers and duties of Commissioner; period for infusion of capital.

NRS 692C.220 - Information required to be furnished to shareholders; expenses of mailing; filing of security for payment of expenses.

NRS 692C.230 - Exemptions.

NRS 692C.240 - Violations.

NRS 692C.250 - Jurisdiction of court; consent to service of process.

NRS 692C.252 - Applicability.

NRS 692C.254 - Form of notice; waiting period.

NRS 692C.256 - Order of Commissioner relating to acquisition: Issuance; competitive standard.

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.

NRS 692C.260 - Registration required; person within insurance holding company system subject to registration required to provide information to insurer.

NRS 692C.270 - Contents of registration statement; statement relating to corporate oversight; financial statements.

NRS 692C.280 - Registration statement: Exempt information.

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...

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

NRS 692C.294 - Group capital calculation: Exemptions from filing requirements; grounds for termination of exemption.

NRS 692C.296 - Group capital calculation: Recognition and acceptance.

NRS 692C.300 - Termination of registration.

NRS 692C.310 - Consolidated registration.

NRS 692C.320 - Registration on behalf of affiliated insurer.

NRS 692C.330 - Disclaimer of affiliation or request for termination of registration; granting or disallowance.

NRS 692C.340 - Exemptions.

NRS 692C.350 - Violations; penalties.

NRS 692C.3501 - "Corporate governance annual disclosure" defined.

NRS 692C.3503 - Applicability and scope.

NRS 692C.3504 - Submission; requirements; review; regulations.

NRS 692C.3505 - Rules, regulations and orders.

NRS 692C.3506 - Contents and preparation; regulations.

NRS 692C.3507 - Confidentiality.

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.

NRS 692C.3509 - Penalties.

NRS 692C.351 - Risk management framework required.

NRS 692C.3512 - Own Risk and Solvency Assessment requirement.

NRS 692C.3514 - Filing of ORSA Summary Report.

NRS 692C.3516 - Required attestation of ORSA Summary Report.

NRS 692C.3518 - Acceptable alternative to ORSA Summary Report.

NRS 692C.352 - Exemption from risk management and ORSA requirements.

NRS 692C.3522 - Filing requirements for exempt member of nonexempt insurance group.

NRS 692C.3524 - Filing requirements for nonexempt member of exempt insurance group.

NRS 692C.3526 - Waiver of requirements: Application by nonexempt insurer; granting.

NRS 692C.3528 - Authority of Commissioner to impose certain requirements on exempt insurer.

NRS 692C.353 - Requirements for exempt insurer no longer qualified for exemption.

NRS 692C.3532 - Contents of ORSA Summary Report.

NRS 692C.3534 - Review of ORSA Summary Report.

NRS 692C.3536 - Confidentiality of information.

NRS 692C.3538 - Confidential information: Testimonial prohibition; exception.

NRS 692C.354 - Allowed disclosure and receipt of confidential information by Commissioner; agreements governing sharing and use of information.

NRS 692C.3542 - Sharing of information by Commissioner not delegation of regulatory authority or rulemaking.

NRS 692C.3544 - Disclosure of information to Commissioner not waiver of privilege of confidentiality.

NRS 692C.3546 - Applicability of confidentiality provisions to NAIC and third parties.

NRS 692C.3548 - Prohibited acts; penalties.

NRS 692C.355 - Proposal to acquire or change or continue control of insurer domiciled in State: Notice; action by Commissioner.

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.

NRS 692C.359 - Supervisory college: Commissioner may convene or participate; composition; agreements with other regulatory agencies.

NRS 692C.360 - Transactions with affiliates; regulations.

NRS 692C.363 - Insurer required to notify Commissioner of intent to enter into certain transactions with affiliate; approval of transactions; exceptions.

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.

NRS 692C.370 - Adequacy of surplus.

NRS 692C.372 - Group-wide supervision of internationally active insurance groups: Definitions.

NRS 692C.374 - Group-wide supervision of internationally active insurance groups: "Group-wide supervisor" defined.

NRS 692C.376 - Group-wide supervision of internationally active insurance groups: "Internationally active insurance group" defined.

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...

NRS 692C.380 - Extraordinary distributions to shareholders: Definition.

NRS 692C.390 - Extraordinary distributions to shareholders: Notice; approval.

NRS 692C.400 - Extraordinary distributions to shareholders: Conditional declaration.

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

NRS 692C.404 - Liability of person who controlled insurer or affiliate at time distributions were paid or declared.

NRS 692C.410 - Examination of insurer: Powers of Commissioner; payment of expenses.

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.

NRS 692C.430 - Injunctive relief.

NRS 692C.440 - Prohibited voting of securities.

NRS 692C.450 - Sequestration of voting securities.

NRS 692C.460 - Receivership.

NRS 692C.470 - Suspension or revocation of or refusal to renew license.

NRS 692C.480 - Criminal proceedings and penalties.

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.

NRS 692C.490 - Judicial review.