A risk retention group transacting insurance in this state shall submit to the Commissioner:
1. A copy of the group’s financial statement submitted to its state of domicile, which must be certified by an independent public accountant and contain a statement of opinion on its reserves for loss and expenses of loss adjustment made by a member of the American Academy of Actuaries or another qualified specialist in reserves for loss;
2. A copy of each examination of the risk retention group, certified by the Commissioner or other public officer conducting the examination;
3. Upon the request of the Commissioner, a copy of any audit performed with respect to the risk retention group; and
4. Such other information as the Commissioner requires to verify its continuing qualification as a risk retention group.
(Added to NRS by 1987, 1331)
Structure Nevada Revised Statutes
Chapter 695E - Liability Risk Retention
NRS 695E.010 - Statement of purpose.
NRS 695E.030 - "Completed operations liability" defined.
NRS 695E.040 - "Domicile" defined.
NRS 695E.050 - "Hazardous financial condition" defined.
NRS 695E.060 - "Liability" defined.
NRS 695E.070 - "Personal risk liability" defined.
NRS 695E.080 - "Plan of operation" defined.
NRS 695E.090 - "Product liability" defined.
NRS 695E.100 - "Purchasing group" defined.
NRS 695E.110 - "Risk retention group" defined.
NRS 695E.125 - Notification of change in information provided to Commissioner.
NRS 695E.130 - Purchase of insurance; exemption from certain laws.
NRS 695E.135 - Extent of liability for payment of premium tax.
NRS 695E.160 - Submission of financial statement, examinations, audits and other information.
NRS 695E.170 - Applicability of other provisions; duties of agent or broker.
NRS 695E.180 - Notice required in policy.
NRS 695E.200 - Prohibited acts.
NRS 695E.220 - Annual notice of intent to continue doing business in Nevada.