NRS 694C.200
Authorization to apply for license in certain circumstances

  • license required to transact insurance
  • penalty.

1.

A captive insurer, when authorized by its articles of association, articles of incorporation or charter, may apply to the Commissioner for a license to transact insurance.

2.

A captive insurer shall not transact insurance in this State unless the captive insurer first obtains a license from the Commissioner.

3.

A person who violates this section is subject to the provisions of, and shall be punished pursuant to, the Unauthorized Insurers Act set forth in NRS 685B.020 to 685B.087, inclusive.

Source: Section 694C.200 — Authorization to apply for license in certain circumstances; license required to transact insurance; penalty., https://www.­leg.­state.­nv.­us/NRS/NRS-694C.­html#NRS694CSec200.

Last Updated

Feb. 5, 2021

§ 694C.200’s source at nv​.us