Before March 1 of each year or, if approved by the Commissioner, not more than 60 days after the expiration of the fiscal year of the branch captive insurer, the branch captive insurer shall file with the Commissioner a copy of all reports and statements required to be filed under the laws of the jurisdiction in which the alien captive insurer is domiciled. The reports and statements must be verified by oath of two of the executive officers of the alien captive insurer. If the Commissioner is satisfied that the annual report filed by the alien captive insurer in the jurisdiction in which it is domiciled provides adequate information concerning the financial condition of the alien captive insurer, the Commissioner may waive the requirement for completion of the captive annual statement for business written in the alien jurisdiction.
(Added to NRS by 2005, 2150)
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.