NRS 694C.113 “Participant” defined.
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NRS 694C.113 “Participant” defined. “Participant” means a corporation, association, limited-liability company, partnership, trust, sponsor or other business organization, any affiliate thereof, and a homeowner or a unit-owners’ association, as defined in NRS 116.011 , that is insured by a sponsored captive insurer, where the losses of the participant are limited by a participant contract to the participant’s pro rata share of the assets of one or more protected cells identified in such participant contract.