Nev. Rev. Stat. § 694C.143

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

Section 694C.143 - "Sponsor" defined

"Sponsor" means an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, a captive insurer formed or licensed pursuant to this chapter or a person that:

1. Meets the requirements of subsection 3 of NRS 694C.180 or is approved as a sponsor by the Commissioner; and

2. Is approved by the Commissioner to provide all or part of the capital and surplus required by applicable law and to organize and operate a sponsored captive insurer.

NRS 694C.143

Added to NRS by 2005, 2148; A 2013, 3371

Amended by 2013, Ch. 511,§28.5, eff. 10/1/2013.

Added to NRS by 2005, 2148