Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER681A. Kinds of Insurance; Limits on Risk; Reinsurance |
REINSURANCE |
Brokers and Managers |
NRS681A.270. “Automatic agreement” defined.
Latest version.
- “Automatic agreement” means an agreement between a reinsured and reinsurer whereby the ceding company is obligated to cede certain risks as provided in the agreement and the reinsurer is obligated to accept.
(Added to NRS by 1995, 1760)