NRS 695B.165
Annual statement required to include report of net worth.

A corporation which has been issued a certificate of authority pursuant to this chapter shall maintain and report on its statement filed with the Commissioner pursuant to NRS 695B.160 a net worth in an amount which is not less than the greater of:

1.

One million five hundred thousand dollars;

2.

Two percent of the first $150,000,000 earned as revenue from premiums collected in the preceding 12-month period, plus 1 percent of the amount in excess of $150,000,000 earned as revenue from premiums collected in that same period; or

3.

The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550.

Source: Section 695B.165 — Annual statement required to include report of net worth., https://www.­leg.­state.­nv.­us/NRS/NRS-695B.­html#NRS695BSec165.

Last Updated

Feb. 5, 2021

§ 695B.165’s source at nv​.us