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Code · Nevada · CHAPTER 682B - DEPOSITS

NRS 682B.055 Use of securities as deposit without delivery to Commissioner.

119 words·~1 min read·/nv/chapter-682b-deposits/682b-055

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NRS 682B.055 Use of securities as deposit without delivery to Commissioner. The Commissioner:
1. May allow an insurer to use securities as a deposit or as a part of a deposit without delivering the securities to the Commissioner under the conditions specified in regulations adopted pursuant to subsection 1 of NRS 680A.140 .
2. Shall allow any successor organization to the State Industrial Insurance System that was established by section 79 of chapter 642, Statutes of Nevada 1981, at page 1449 , to use the money held in trust by the organization pursuant to NRS 616B.042 as a deposit or as a part of a deposit for authority to transact industrial insurance without delivering that money to the Commissioner.
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