Nev. Admin. Code § 681A.510
Current through December 12, 2024
In addition to the requirements in NAC 681A.375, a reinsurance agreement entered into pursuant to NAC 681A.400 to 681A.520, inclusive, must include a funding clause which requires the certified reinsurer to provide and maintain security in an amount sufficient to avoid the imposition of any financial statement penalty on the ceding insurer for an insurance or reinsurance obligation ceded to the certified reinsurer.
Nev. Admin. Code § 681A.510