NRS 695E.050
“Hazardous financial condition” defined.

“Hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to:

1.

Meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or

2.

Pay other obligations in the normal course of business.

Source: Section 695E.050 — “Hazardous financial condition” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-695E.­html#NRS695ESec050.

Last Updated

Jun. 24, 2021

§ 695E.050’s source at nv​.us