Nev. Rev. Stat. § 692C.376

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 692C.376 - Group-wide supervision of internationally active insurance groups: "Internationally active insurance group" defined

"Internationally active insurance group" means an insurance holding company system which:

1. Includes an insurer registered under NRS 692C.260; and

2. Meets the following criteria:

(a) Writes premiums in at least three countries;

(b) Writes 10 percent or more of the insurance holding company system's total gross written premiums outside of the United States; and

(c) Based on a 3-year rolling average, has total assets of $50 billion or more or total gross written premiums of $10 billion or more.

NRS 692C.376

Added to NRS by 2017, 68

Added by 2017, Ch. 12,§15, eff. 1/1/2018.