In addition to the information required pursuant to NRS 694C.210, each sponsored captive insurer shall file with the Commissioner:
1. Information demonstrating the manner in which the applicant will account for the loss and expense experience of each protected cell, at a level of detail deemed sufficient by the Commissioner, and the method of reporting such information;
2. A written acknowledgment that all financial records of the sponsored captive insurer, including, but not limited to, records pertaining to any protected cells, must be made available for inspection or examination by the Commissioner or a designee of the Commissioner;
3. All contracts entered into between the sponsored captive insurer and any participant, including, but not limited to, participant contracts; and
4. Evidence satisfactory to the Commissioner indicating that expenses will be allocated to each protected cell in a fair and equitable manner.
(Added to NRS by 2005, 2151)
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.