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NRS 694C.010 - Definitions. - As used in this chapter, unless the context otherwise requires,...
NRS 694C.020 - "Affiliated company" defined. - "Affiliated company" means a company in the same corporate system...
NRS 694C.030 - "Agency captive insurer" defined. - "Agency captive insurer" means a captive insurer that is owned...
NRS 694C.035 - "Alien captive insurer" defined. - "Alien captive insurer" means any insurer that is formed to...
NRS 694C.040 - "Association" defined. - "Association" means a legal entity consisting of two or more...
NRS 694C.050 - "Association captive insurer" defined. - "Association captive insurer" means a captive insurer that only insures...
NRS 694C.053 - "Branch business" defined. - "Branch business" means any insurance business transacted by a branch...
NRS 694C.055 - "Branch captive insurer" defined. - "Branch captive insurer" means an alien captive insurer licensed pursuant...
NRS 694C.057 - "Branch operations" defined. - "Branch operations" means any business operations of a branch captive...
NRS 694C.060 - "Captive insurer" defined. - "Captive insurer" means: 1. Any pure captive insurer, association captive...
NRS 694C.070 - "Commissioner" defined. - "Commissioner" means the Commissioner of Insurance. (Added to NRS by...
NRS 694C.075 - "Controlled unaffiliated business" defined. - "Controlled unaffiliated business" means any company: 1. That is not...
NRS 694C.080 - "Division" defined. - "Division" means the Division of Insurance of the Department of...
NRS 694C.085 - "Dormant captive insurer" defined. - "Dormant captive insurer" means any captive insurer that has been...
NRS 694C.090 - "Member organization" defined. - "Member organization" means any individual or corporation, limited-liability company, partnership,...
NRS 694C.100 - "Mutual insurer" defined. - "Mutual insurer" has the meaning ascribed to it in NRS...
NRS 694C.110 - "Parent" defined. - "Parent" means a corporation, limited-liability company, partnership, association or other...
NRS 694C.113 - "Participant" defined. - "Participant" means a corporation, association, limited-liability company, partnership, trust, sponsor...
NRS 694C.115 - "Participant contract" defined. - "Participant contract" means a contract by which a sponsored captive...
NRS 694C.117 - "Protected cell" defined. - "Protected cell" means a separate account established by a sponsored...
NRS 694C.120 - "Pure captive insurer" defined. - "Pure captive insurer" means a captive insurer that only insures...
NRS 694C.130 - "Reciprocal insurer" defined. - "Reciprocal insurer" has the meaning ascribed to it in NRS...
NRS 694C.140 - "Rental captive insurer" defined. - "Rental captive insurer" means a captive insurer formed to enter...
NRS 694C.141 - "Risk retention group" defined. - "Risk retention group" has the meaning ascribed to it in...
NRS 694C.143 - "Sponsor" defined. - "Sponsor" means an insurer licensed pursuant to the laws of...
NRS 694C.147 - "Sponsored captive insurer" defined. - "Sponsored captive insurer" means any captive insurer: 1. In which...
NRS 694C.149 - State-chartered risk retention group" defined. - "State-chartered risk retention group" means any risk retention group that...
NRS 694C.150 - "Stock insurer" defined. - "Stock insurer" has the meaning ascribed to it in NRS...
NRS 694C.155 - Applicability of chapter 696B of NRS to sponsored captive insurer. - The provisions of chapter 696B of NRS apply to a...
NRS 694C.160 - Applicability of other provisions. - 1. The terms and conditions set forth in chapter 696B...
NRS 694C.170 - Regulations. - The Commissioner may establish such regulations as are necessary to...
NRS 694C.180 - Formation of captive insurer. - 1. Unless otherwise approved by the Commissioner, a pure captive...
NRS 694C.190 - Name. - A captive insurer shall not use or adopt a name...
NRS 694C.195 - Sponsored captive insurer: Formation; conditions for formation and licensure; requirements for sponsor and participants. - 1. One or more sponsors may form a sponsored captive...
NRS 694C.200 - Authorization to apply for license in certain circumstances; license required to transact insurance; penalty. - 1. A captive insurer, when authorized by its articles of...
NRS 694C.210 - Application: Requirement; contents. - A captive insurer must apply to the Commissioner for a...
NRS 694C.215 - Application: Sponsored captive insurer required to file certain information with Commissioner. - In addition to the information required pursuant to NRS 694C.210,...
NRS 694C.220 - Application: Fees; Commissioner authorized to retain professional services relating to examination of applicant; cost of services. - An application by a captive insurer for licensure must include...
NRS 694C.230 - Issuance of license; annual renewal; fees. - 1. If the Commissioner determines that the documents and statements...
NRS 694C.240 - Insurer required to include business plan with application for issuance and renewal of license; updates to business plan. - A captive insurer shall include its business plan with its...
NRS 694C.250 - Capital or surplus required: Amount; form; Commissioner authorized to prescribe additional requirements; letter of credit; use of surplus note. - 1. A captive insurer must not be issued a license,...
NRS 694C.259 - Certificate of dormancy: Application; powers and duties of certificate holder; renewal; expiration; surrender; revocation; regulations. - 1. A captive insurer which is not transacting the business...
NRS 694C.270 - Suspension or revocation of license: Grounds; hearings. - 1. The Commissioner may suspend or revoke the license of...
NRS 694C.300 - Authorized and prohibited types of insurance. - 1. Except as otherwise provided in this section, a captive...
NRS 694C.310 - Meetings of board of directors; additional requirements to transact insurance; review by Commissioner of qualifications of manager. - 1. The board of directors of a captive insurer shall...
NRS 694C.320 - Plan for payment of dividends; regulations. - The Commissioner may approve an ongoing plan for the payment...
NRS 694C.330 - Payment of dividends and extraordinary dividends. - 1. Except as otherwise provided in this section, a captive...
NRS 694C.340 - Compliance with requirements relating to investments; loan to parent or affiliated company by pure captive insurer in certain circumstances. - 1. Except as otherwise provided in this section and NRS...
NRS 694C.350 - Reinsurance; credit for reserves on risks or portions of risks in certain circumstances; plan for workers’ compensation deemed reinsurance in certain circumstances. - 1. A captive insurer may provide reinsurance on risks ceded...
NRS 694C.360 - Use of insurance of captive insurer to satisfy requirements relating to insurance on vehicles subject to Nevada Transportation Authority or Taxicab Authority prohibited; exception. - Insurance provided by a captive insurer in accordance with this...
NRS 694C.370 - Insurer not required to join rating organization. - A captive insurer is not required to join a rating...
NRS 694C.380 - Insurer prohibited from joining or contributing to or receiving benefit for claims from assigned risk pool or insurance insolvency guaranty fund. - A captive insurer shall not join or contribute financially to...
NRS 694C.382 - Combining assets for investment. - Notwithstanding the provisions of this chapter, the assets of two...
NRS 694C.384 - Security for branch operations. - 1. As security for the payment of liabilities attributable to...
NRS 694C.386 - Alien captive insurer: Issuance of certificate related to branch operations; registration. - An alien captive insurer licensed as a branch captive insurer...
NRS 694C.388 - Alien captive insurer: Reports and statements. - Before March 1 of each year or, if approved by...
NRS 694C.389 - State-chartered risk retention group: Compliance with laws and requirements applicable to liability insurers. - A state-chartered risk retention group must comply with all of...
NRS 694C.390 - State-chartered risk retention group: Required filings. - 1. In addition to the information required pursuant to NRS...
NRS 694C.392 - State-chartered risk retention group: Board of directors; material service provider contracts; audit committee; written policies, governance standards and code of business conduct; duty to notify domestic regulator of material noncompl... - 1. The board of directors of a risk retention group...
NRS 694C.400 - Submission of annual report of financial condition, audit and financial statement to Commissioner; regulations designating form; alternative date to file annual report; penalties for failing to comply or making false statement. - 1. On or before March 1 of each year, a...
NRS 694C.410 - Examinations: Conducted by Commissioner; frequency; Commissioner authorized to obtain professional services; cost. - 1. Except as otherwise provided in this section, at least...
NRS 694C.415 - Examinations: Branch captive insurer; alien captive insurer. - 1. The examination of a branch captive insurer pursuant to...
NRS 694C.450 - Taxes on premiums: Imposition; deposit; nonrefundable credit. - 1. Except as otherwise provided in this section, a captive...
NRS 694C.455 - Tax on premiums: Applicable only to branch business of branch captive insurer. - The tax required pursuant to NRS 694C.450 applies only to...
NRS 694C.460 - Account for the Regulation and Supervision of Captive Insurers: Creation; uses; deposits; transfers to agency for economic development; administrative expenses; transfers to State General Fund; warrants by State Controller on receipts. - 1. There is hereby created in the Fund for Insurance...