Nev. Rev. Stat. § 694C.155

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

Section 694C.155 - Applicability of chapter 696B of NRS to sponsored captive insurer

The provisions of chapter 696B of NRS apply to a sponsored captive insurer if:

1. The assets of a protected cell are not used to pay any expense or claim other than those that are attributable to the protected cell; and

2. The capital and surplus of the sponsored captive insurer are available at all times to pay any expenses of or claims against the sponsored captive insurer.

NRS 694C.155

Added to NRS by 2005, 2150

Added to NRS by 2005, 2150