1. The terms and conditions set forth in chapter 696B of NRS pertaining to insurance reorganization, receiverships and injunctions apply to captive insurers incorporated pursuant to this chapter.
2. An agency captive insurer, a rental captive insurer and an association captive insurer are subject to those provisions of chapter 686A of NRS which are applicable to insurers.
3. A state-chartered risk retention group is subject to the following:
(a) The provisions of NRS 681A.250 to 681A.580, inclusive, regarding intermediaries;
(b) The provisions of NRS 681B.550 regarding risk-based capital;
(c) The provisions of chapter 683A of NRS regarding managing general agents;
(d) The provisions of chapter 686A of NRS which are applicable to insurers; and
(e) The provisions of NRS 693A.110 and any regulations adopted pursuant thereto regarding management and agency contracts of insurers.
(Added to NRS by 1999, 3217; A 2017, 73; 2019, 1709)
Structure Nevada Revised Statutes
Chapter 694C - Captive Insurers
NRS 694C.020 - "Affiliated company" defined.
NRS 694C.030 - "Agency captive insurer" defined.
NRS 694C.035 - "Alien captive insurer" defined.
NRS 694C.040 - "Association" defined.
NRS 694C.050 - "Association captive insurer" defined.
NRS 694C.053 - "Branch business" defined.
NRS 694C.055 - "Branch captive insurer" defined.
NRS 694C.057 - "Branch operations" defined.
NRS 694C.060 - "Captive insurer" defined.
NRS 694C.070 - "Commissioner" defined.
NRS 694C.075 - "Controlled unaffiliated business" defined.
NRS 694C.080 - "Division" defined.
NRS 694C.085 - "Dormant captive insurer" defined.
NRS 694C.090 - "Member organization" defined.
NRS 694C.100 - "Mutual insurer" defined.
NRS 694C.110 - "Parent" defined.
NRS 694C.113 - "Participant" defined.
NRS 694C.115 - "Participant contract" defined.
NRS 694C.117 - "Protected cell" defined.
NRS 694C.120 - "Pure captive insurer" defined.
NRS 694C.130 - "Reciprocal insurer" defined.
NRS 694C.140 - "Rental captive insurer" defined.
NRS 694C.141 - "Risk retention group" defined.
NRS 694C.143 - "Sponsor" defined.
NRS 694C.147 - "Sponsored captive insurer" defined.
NRS 694C.149 - State-chartered risk retention group" defined.
NRS 694C.150 - "Stock insurer" defined.
NRS 694C.155 - Applicability of chapter 696B of NRS to sponsored captive insurer.
NRS 694C.160 - Applicability of other provisions.
NRS 694C.180 - Formation of captive insurer.
NRS 694C.210 - Application: Requirement; contents.
NRS 694C.230 - Issuance of license; annual renewal; fees.
NRS 694C.270 - Suspension or revocation of license: Grounds; hearings.
NRS 694C.300 - Authorized and prohibited types of insurance.
NRS 694C.320 - Plan for payment of dividends; regulations.
NRS 694C.330 - Payment of dividends and extraordinary dividends.
NRS 694C.370 - Insurer not required to join rating organization.
NRS 694C.382 - Combining assets for investment.
NRS 694C.384 - Security for branch operations.
NRS 694C.388 - Alien captive insurer: Reports and statements.
NRS 694C.390 - State-chartered risk retention group: Required filings.
NRS 694C.415 - Examinations: Branch captive insurer; alien captive insurer.
NRS 694C.450 - Taxes on premiums: Imposition; deposit; nonrefundable credit.
NRS 694C.455 - Tax on premiums: Applicable only to branch business of branch captive insurer.