NRS 695E.150
Identifying statement

  • plan of operation
  • Commissioner to serve as agent for service of process
  • filing fee
  • transmission of plan of operation by Commissioner.

1.

Before transacting insurance in this state, a risk retention group must submit to the Commissioner:

(a)

A statement of registration identifying:

(1)

Each state in which the risk retention group is chartered or licensed as a liability insurer;

(2)

The date of its charter;

(3)

Its principal place of business; and

(4)

Such other information, including information concerning its membership, as the Commissioner requires to verify its qualification as a risk retention group;

(b)

A copy of its plan of operation and any revisions of the plan submitted to its state of domicile, except with respect to any line or classification of liability that was:

(1)

Defined in the Product Liability Risk Retention Act of 1981 before October 27, 1986; and

(2)

Offered before that date by a risk retention group that had been chartered and operating for not less than 3 years before that date; and

(c)

A statement appointing the Commissioner as its agent for service of process pursuant to NRS 680A.250, together with the fee for filing a power of attorney required by subsection 4 of NRS 680B.010.

2.

The Commissioner shall, upon receipt of any revisions of a plan of operation provided by a risk retention group pursuant to paragraph (b) of subsection 1, transmit a copy of those revisions to the National Association of Insurance Commissioners.

Source: Section 695E.150 — Identifying statement; plan of operation; Commissioner to serve as agent for service of process; filing fee; transmission of plan of operation by Commissioner., https://www.­leg.­state.­nv.­us/NRS/NRS-695E.­html#NRS695ESec150.

Last Updated

Feb. 5, 2021

§ 695E.150’s source at nv​.us