Nev. Rev. Stat. § 694B.050

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 694B.050 - Attorney
1. "Attorney," as used in this chapter, refers to the attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm or corporation.
2. The attorney of a foreign reciprocal insurer, which insurer is duly authorized to transact insurance in this State, shall not, by virtue of the discharge of its duties as such attorney with respect to the insurer's transactions in this State, be thereby deemed to be doing business in this State within the meaning of any laws of this State applying to foreign persons, firms or corporations.
3. The subscribers and the attorney-in-fact comprise a reciprocal insurer and a single entity for the purposes of chapter 680B of NRS as to all operations under the insurer's certificate of authority.

NRS 694B.050

Added to NRS by 1971, 1828
Added to NRS by 1971, 1828