694C.143 - “Sponsor” defined. - Nevada Statutes

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Statutes > Nevada > Title-57 > Chapter-694c > General-provisions > 694c-143

694C.143 “Sponsor” defined. “Sponsor” means an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, or a captive insurer formed or licensed pursuant to this chapter that:

1. Meets the requirements of subsection 3 of NRS 694C.180; and

2. Is approved by the Commissioner to provide all or part of the capital and surplus required by applicable law and to organize and operate a sponsored captive insurer.

(Added to NRS by 2005, 2148)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-694c > General-provisions > 694c-143

694C.143 “Sponsor” defined. “Sponsor” means an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, or a captive insurer formed or licensed pursuant to this chapter that:

1. Meets the requirements of subsection 3 of NRS 694C.180; and

2. Is approved by the Commissioner to provide all or part of the capital and surplus required by applicable law and to organize and operate a sponsored captive insurer.

(Added to NRS by 2005, 2148)

State Codes and Statutes

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State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-694c > General-provisions > 694c-143

694C.143 “Sponsor” defined. “Sponsor” means an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, or a captive insurer formed or licensed pursuant to this chapter that:

1. Meets the requirements of subsection 3 of NRS 694C.180; and

2. Is approved by the Commissioner to provide all or part of the capital and surplus required by applicable law and to organize and operate a sponsored captive insurer.

(Added to NRS by 2005, 2148)