Section 681B.505 - Filing of copy of plan or revised plan for risk-based capital in other states1. Each domestic insurer or health organization that files a plan or revised plan for risk-based capital with the Commissioner pursuant to NAC 681B.495 and 681B.500 shall file a copy of the plan or revised plan, as appropriate, with the Insurance Commissioner or chief regulatory officer for insurance in each state in which the domestic insurer or health organization is authorized to do business if: (a) The Insurance Commissioner or chief regulatory officer for insurance of that state has notified the domestic insurer or health organization, in writing, of his or her request that the domestic insurer or health organization file a copy of its plan or revised plan with that Insurance Commissioner or chief regulatory officer for insurance; and(b) That state has enacted a provision which provides that: (1) Except as otherwise provided by the laws of that state, information contained in a report on risk-based capital or a plan or revised plan for risk-based capital: (I) Is confidential and must not be made available to the general public; and(II) Is not subject to a subpoena other than a subpoena issued by a court of competent jurisdiction, or by the Insurance Commissioner or chief regulatory officer for the sole purpose of enforcing an action taken by the Insurance Commissioner or chief regulatory officer against the insurer or health organization pursuant to the laws of that state relating to the regulation of insurance;(2) The result or report of any examination or analysis of an insurer or health organization performed pursuant to the requirements of that state relating to the reporting of risk-based capital and any corrective order issued by the Insurance Commissioner or chief regulatory officer are confidential; and(3) Any requirement of confidentiality does not apply to any information contained in a report on risk-based capital of an insurer or health organization if that information is otherwise included or required to be included in an annual statement of the insurer or health organization that is available to the general public.2. The domestic insurer surer or health organization shall file a copy of its plan or revised plan for risk-based capital, as appropriate, pursuant to this section not later than: (a) Fifteen days after it receives notice from the Insurance Commissioner or chief regulatory officer for insurance of the requesting state to file a copy of the plan or revised plan for risk-based capital; or(b) The date on which the plan or revised plan for risk-based capital must be filed in this State pursuant to NAC 681B.495 and 681B.500, whichever is later.Nev. Admin. Code § 681B.505
Added to NAC by Comm'r of Insurance by R088-97, eff. 3-19-98; A by R132-13, eff. 10/1/2014