NRS 695E.050 “Hazardous financial condition” defined.
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/nv/chapter-695e-liability-risk-retention/695e-050·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 695E.050 “Hazardous financial condition” defined. “Hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to:
1. Meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or
2. Pay other obligations in the normal course of business.