Nev. Admin. Code § 681A.280

Current through December 12, 2024

Section 681A.280 - "Obligation" defined

"Obligation" includes:

1. Reinsured losses and allocated loss expenses paid by the ceding company, but not recovered from the assuming insurer;

2. Reserves for reinsured losses reported and outstanding;

3. Reserves for reinsured losses incurred but not reported; and

4. Reserves for allocated reinsured loss expenses and unearned premiums.

Nev. Admin. Code § 681A.280

Added to NAC by Comm'r of Insurance, eff. 6-28-96

NRS 679B.130, 681A.130