NRS 681A.235
Management of concentration risk by ceding insurer.

1.

A ceding insurer shall take steps to manage its reinsurance recoverables proportionate to its own book of business. A domestic ceding insurer shall notify the Commissioner within 30 days after reinsurance recoverables from any single assuming insurer, or group of affiliated assuming insurers, exceeds 50 percent of the domestic ceding insurer’s last reported surplus to policyholders, or after it is determined that reinsurance recoverables from any single assuming insurer, or group of affiliated assuming insurers, is likely to exceed this limit. The notification must demonstrate that the exposure is safely managed by the domestic ceding insurer.

2.

A ceding insurer shall take steps to diversify its reinsurance program. A domestic ceding insurer shall notify the Commissioner within 30 days after ceding to any single assuming insurer, or group of affiliated assuming insurers, more than 20 percent of the ceding insurer’s gross written premium in the preceding calendar year, or after it has determined that the reinsurance ceded to any single assuming insurer, or group of affiliated assuming insurers, is likely to exceed this limit. The notification must demonstrate that the exposure is safely managed by the domestic ceding insurer.

Source: Section 681A.235 — Management of concentration risk by ceding insurer., https://www.­leg.­state.­nv.­us/NRS/NRS-681A.­html#NRS681ASec235.

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.235’s source at nv​.us