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Code · Nevada · CHAPTER 694C - CAPTIVE INSURERS

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

80 words·~1 min read·/nv/chapter-694c-captive-insurers/694c-155

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NRS 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.
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