Nev. Admin. Code § 693A.645

Current through November 8, 2024

Section 693A.645 - "Controlled insurer" defined

"Controlled insurer" means a licensed insurer which is domiciled in this State or an insurer which is domiciled in a state that is not an accredited state and which is controlled by a producer. The term does not include:

1. Residual market pools;

2. Joint underwriting authorities or associations; and

3. Captive insurers, other than risk retention groups covered by 15 U.S.C. § 3902, 42 U.S.C. § 9673 and chapter 695E of NRS.

Nev. Admin. Code § 693A.645

Added to NAC by Comm'r of Insurance, eff. 6-28-96; A by R094-14, eff. 12/21/2015

NRS 679B.130, 693A.110