Chapter 694C - Captive Insurers
- ADMINISTRATION
- 694C.400 - Annual report of financial condition to Commissioner; regulations designating form; alternative date to file annual report.
- 694C.410 - Examination by Commissioner; Commissioner authorized to obtain professional services; cost of examination.
- 694C.415 - Examinations: Branch captive insurer; alien captive insurer.
- GENERAL PROVISIONS
- 694C.010 - Definitions.
- 694C.020 - “Affiliated company” defined.
- 694C.030 - “Agency captive insurer” defined.
- 694C.035 - “Alien captive insurer” defined.
- 694C.040 - “Association” defined.
- 694C.050 - “Association captive insurer” defined.
- 694C.053 - “Branch business” defined.
- 694C.055 - “Branch captive insurer” defined.
- 694C.057 - “Branch operations” defined.
- 694C.060 - “Captive insurer” defined.
- 694C.070 - “Commissioner” defined.
- 694C.075 - “Controlled unaffiliated business” defined.
- 694C.080 - “Division” defined.
- 694C.090 - “Member organization” defined.
- 694C.100 - “Mutual insurer” defined.
- 694C.110 - “Parent” defined.
- 694C.113 - “Participant” defined.
- 694C.115 - “Participant contract” defined.
- 694C.117 - “Protected cell” defined.
- 694C.120 - “Pure captive insurer” defined.
- 694C.130 - “Reciprocal insurer” defined.
- 694C.140 - “Rental captive insurer” defined.
- 694C.143 - “Sponsor” defined.
- 694C.147 - “Sponsored captive insurer” defined.
- 694C.150 - “Stock insurer” defined.
- 694C.155 - Applicability of chapter 696B
- 694C.160 - Applicability of other provisions.
- 694C.170 - Regulations.
- 694C.180 - Formation of captive insurer.
- 694C.190 - Name.
- 694C.195 - Formation of sponsored captive insurer.
- LICENSING
- 694C.200 - Authorization to apply for license in certain circumstances; license required to transact insurance; penalty.
- 694C.210 - Application: Requirement; contents.
- 694C.215 - Sponsored captive insurer required to file certain information with Commissioner.
- 694C.220 - Fees for application; Commissioner authorized to retain professional services; cost of services.
- 694C.230 - Issuance of license; annual renewal; fees.
- 694C.240 - Insurer to include business plan with application for issuance and renewal of license; updates to business plan.
- 694C.250 - Capital required: Amount; form; Commissioner authorized to prescribe additional requirements; letter of credit.
- 694C.270 - Suspension or revocation of license; hearings.
- MISCELLANEOUS PROVISIONS
- 694C.300 - Authorized and prohibited types of insurance.
- 694C.310 - Meetings of board of directors; additional requirements to transact insurance.
- 694C.320 - Plan for payment of dividends; regulations.
- 694C.330 - Payment of dividends.
- 694C.340 - Investments; loan to parent or affiliated company in certain circumstances.
- 694C.350 - Reinsurance; credit for reserves on risks or portions of risks in certain circumstances; plan for workers’ compensation deemed reinsurance in certain circumstances.
- 694C.360 - Use of insurance of captive insurer to satisfy requirements relating to insurance on vehicles subject to Nevada Transportation Authority or Taxicab Authority prohibited; exception.
- 694C.370 - Insurer not required to join rating organization.
- 694C.380 - Insurer prohibited from joining or contributing to risk-sharing plan, risk pool or insurance insolvency guaranty fund.
- 694C.382 - Combining assets for investment.
- 694C.384 - Security for branch operations.
- 694C.386 - Alien captive insurer; issuance of certificate; registration.
- TAXATION, REGULATION AND SUPERVISION
- 694C.450 - Taxes on premiums; deposit of portion of taxes in Account for Regulation and Supervision of Captive Insurers; deposit of remainder of taxes in State General Fund.
- 694C.455 - Tax on premiums of branch captive insurer.
- 694C.460 - Account for Regulation and Supervision of Captive Insurers: Creation; deposits; transfers to agency for economic development; administrative expenses; transfers to State General Fund; warra