NRS 695E.150 Statement of registration; plan of operation; appointment of Commissioner as agent for service of process; filing fee; transmission of revisions of plan of operation by Commissioner.

252 words·~1 min read·/nv/chapter-695e-liability-risk-retention/695e-150·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. Before transacting insurance in this state, a risk retention group must submit to the Commissioner:

(a)A statement of registration identifying:

(1)Each state in which the risk retention group is chartered or licensed as a liability insurer;

(2)The date of its charter;

(3)Its principal place of business; and

(4)Such other information, including information concerning its membership, as the Commissioner requires to verify its qualification as a risk retention group;

(b)A copy of its plan of operation and any revisions of the plan submitted to its state of domicile, except with respect to any line or classification of liability that was:

(1)Defined in the Product Liability Risk Retention Act of 1981 before October 27, 1986; and

(2)Offered before that date by a risk retention group that had been chartered and operating for not less than 3 years before that date; and

(c)A statement appointing the Commissioner as its agent for service of process pursuant to NRS 680A.250 , together with the fee for filing a power of attorney required by subsection 4 of NRS 680B.010 .

2. The Commissioner shall, upon receipt of any revisions of a plan of operation provided by a risk retention group pursuant to paragraph

(b)of subsection 1, transmit a copy of those revisions to the National Association of Insurance Commissioners.