Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER694C. Captive Insurers |
MISCELLANEOUS PROVISIONS |
NRS694C.380. Insurer prohibited from joining or contributing to risk-sharing plan, risk pool or insurance insolvency guaranty fund.
Latest version.
- A captive insurer shall not join or contribute financially to any risk-sharing plan, risk pool or insurance insolvency guaranty fund in this state. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a plan, pool or fund for claims arising out of the operations of the captive insurer.
(Added to NRS by 1999, 3215)