NRS695E.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.

      (Added to NRS by 1987, 1331; A 1995, 1783; 2013, 3376)