NRS 681A.140
“Qualified financial institution in the United States” defined.

As used in NRS 681A.140 to 681A.240, inclusive, “qualified financial institution in the United States” means an institution that:

1.

Is organized, or in the case of a branch or agency of a foreign banking organization in the United States licensed, under the laws of the United States or any state thereof and has been granted authority to operate with fiduciary powers;

2.

Is regulated, supervised and examined by federal or state authorities having regulatory authority over banks and trust companies;

3.

Is determined:

(a)

By the Commissioner to meet the standards of financial condition and standing prescribed by the Commissioner; or

(b)

By the National Association of Insurance Commissioners to meet the standards of financial condition and standing prescribed by the National Association of Insurance Commissioners; and

4.

Is determined by the Commissioner to be otherwise acceptable.

Source: Section 681A.140 — “Qualified financial institution in the United States” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-681A.­html#NRS681ASec140.

681A.140
“Qualified financial institution in the United States” defined. 681A.150
Requirements for taking credit. 681A.155
Reinsurance ceded to assuming certified reinsurer. 681A.160
Reinsurance ceded to assuming accredited reinsurer in Nevada 681A.170
Reinsurance ceded to assuming alien insurer. 681A.180
Reinsurance ceded to assuming insurer which maintains trust fund for payment of valid claims 681A.190
Reinsurance ceded to group of incorporated insurers under common administration. 681A.200
Requirements for establishment or amendment of certain trusts. 681A.210
Requirements when assuming insurer is not licensed or accredited to transact insurance or reinsurance in this State. 681A.215
Requirements when assuming insurer does not meet certain requirements. 681A.220
Requirements when assuming insurer does not meet certain other requirements. 681A.230
Ceding insurer to be allowed credit if reinsurance lawfully ceded to qualified assuming insurer 681A.235
Management of concentration risk by ceding insurer. 681A.240
Requirements for reduction from liability when assuming insurer does not meet certain requirements concerning risk-based capital. 681A.1551
Certified reinsurer: Eligibility. 681A.1552
Certified reinsurer: Additional eligibility requirements for associations. 681A.1553
Certified reinsurer: Qualified jurisdictions. 681A.1554
Certified reinsurer: Ratings by Commissioner 681A.1555
Certified reinsurer: Required security. 681A.1556
Certified reinsurer: Applicant certified in certain jurisdictions may be deemed by Commissioner to be certified in Nevada. 681A.1557
Certified reinsurer: Inactive status.
Last Updated

Jun. 24, 2021

§ 681A.140’s source at nv​.us