694C.380 - Insurer prohibited from joining or contributing to risk-sharing plan, risk pool or insurance insolvency guaranty fund. - Nevada Statutes

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Statutes > Nevada > Title-57 > Chapter-694c > Miscellaneous-provisions > 694c-380

694C.380 Insurer prohibited from joining or contributing to risk-sharing plan, risk pool or insurance insolvency guaranty fund. A captive insurer shall not join or contribute financially to any risk-sharing plan, risk pool or insurance insolvency guaranty fund in this state. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a plan, pool or fund for claims arising out of the operations of the captive insurer.

(Added to NRS by 1999, 3215)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-694c > Miscellaneous-provisions > 694c-380

694C.380 Insurer prohibited from joining or contributing to risk-sharing plan, risk pool or insurance insolvency guaranty fund. A captive insurer shall not join or contribute financially to any risk-sharing plan, risk pool or insurance insolvency guaranty fund in this state. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a plan, pool or fund for claims arising out of the operations of the captive insurer.

(Added to NRS by 1999, 3215)

State Codes and Statutes

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State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-694c > Miscellaneous-provisions > 694c-380

694C.380 Insurer prohibited from joining or contributing to risk-sharing plan, risk pool or insurance insolvency guaranty fund. A captive insurer shall not join or contribute financially to any risk-sharing plan, risk pool or insurance insolvency guaranty fund in this state. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a plan, pool or fund for claims arising out of the operations of the captive insurer.

(Added to NRS by 1999, 3215)