NRS 680A.095
Certificate of authority required to transact reinsurance

  • eligibility for certificate
  • exceptions.

1.

Except as otherwise provided in subsection 3, an insurer which is not authorized to transact insurance in this State may not transact reinsurance with a domestic insurer in this State, by mail or otherwise, unless the insurer holds a certificate of authority as a reinsurer in accordance with the provisions of NRS 680A.010 to 680A.150, inclusive, 680A.160 to 680A.280, inclusive, 680A.320 and 680A.330.

2.

To qualify for authority only to transact reinsurance, an insurer must meet the same requirements for capital and surplus as are imposed on an insurer which is authorized to transact insurance in this State.

3.

This section does not apply to the joint reinsurance of title insurance risks or to reciprocal insurance authorized pursuant to chapter 694B of NRS.

Source: Section 680A.095 — Certificate of authority required to transact reinsurance; eligibility for certificate; exceptions., https://www.­leg.­state.­nv.­us/NRS/NRS-680A.­html#NRS680ASec095.

680A.010
Definitions. 680A.020
“Charter” defined. 680A.028
“Multiple employer welfare arrangement” defined. 680A.030
“Mutual” insurer defined. 680A.040
“Reciprocal” insurer defined. 680A.050
“Stock” insurer defined. 680A.058
Applicability of chapter to self-funded multiple employer welfare arrangements. 680A.060
Certificate of authority required 680A.070
Exceptions to requirement of certificate of authority. 680A.080
Eligibility for certificate of authority: General requirements. 680A.082
Eligibility for certificate of authority: Additional requirements for self-funded multiple employer welfare arrangements. 680A.090
Eligibility for certificate of authority: Ownership 680A.095
Certificate of authority required to transact reinsurance 680A.100
Name of insurer. 680A.110
Combinations of insuring powers. 680A.120
Required capital. 680A.130
Combinations of insurance for which additional capital not required. 680A.140
Required deposit 680A.150
Application for certificate of authority. 680A.155
Payment of taxes and penalties by certain applicants. 680A.160
Issuance or refusal of certificate of authority 680A.165
Insurer’s duty to notify Commissioner of all material changes to information provided in application for certificate of authority 680A.170
Amended certificate of authority. 680A.173
Transfer of insurer’s domicile: Foreign insurer may become domestic insurer. 680A.175
Transfer of insurer’s domicile: Termination of status as domestic insurer 680A.177
Transfer of insurer’s domicile: Duties of insurer 680A.180
Continuance, expiration and reinstatement of certificate of authority. 680A.190
Suspension or revocation of certificate of authority: Mandatory grounds. 680A.200
Suspension, limitation or revocation of certificate of authority: Grounds 680A.205
Determination of hazardous financial condition of insurer: Regulations 680A.210
Order and notice of suspension, limitation or revocation of certificate 680A.220
Duration of suspension 680A.230
Applicability of general corporation laws to foreign insurers. 680A.240
Additional titles. 680A.250
Commissioner agent for service of process for certain insurers. 680A.260
Method of serving process 680A.265
Filing of annual financial statement 680A.270
Filing of annual statement and payment of fee by authorized insurers 680A.280
Penalties for late or false statements. 680A.290
Loss prevention reports and programs. 680A.300
Agent required 680A.310
Exceptions to requirements for countersignature by agent. 680A.320
Transaction with parent corporation, financial holding company, depository institution, subsidiary or affiliated person. 680A.330
Retaliatory provision.
Last Updated

Feb. 5, 2021

§ 680A.095’s source at nv​.us