NRS 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, a captive insurer formed or licensed pursuant to this chapter or a person that:


Meets the requirements of subsection 3 of NRS 694C.180 or is approved as a sponsor by the Commissioner; and


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.

Source: Section 694C.143 — “Sponsor” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-694C.­html#NRS694CSec143.

Last Updated

Jun. 24, 2021

§ 694C.143’s source at nv​.us