Nev. Admin. Code § 681B.455

Current through August 29, 2024
Section 681B.455 - "Property and casualty insurer" defined

"Property and casualty insurer" means :

1 A domestic or foreign insurer authorized pursuant to chapter 680A of NRS to offer property or casualty insurance and required to file a property and casualty annual statement, as that term is used in the Annual Statement Instructions for Property and Casualty adopted by the National Association of Insurance Commissioners, in accordance with the Division's filing requirements for the applicable reporting year;
2. A risk retention group licensed as a captive insurer pursuant to chapter 694C of NRS; or
3. Any other licensed insurer that is required to file a property and casualty annual statement, as that term is used in the Annual Statement Instructions for Property and Casualty adopted by the National Association of Insurance Commissioners, in accordance with the Division's filing requirements for the applicable reporting year

The term does not include a monoline mortgage guaranty insurer, financial guaranty insurer, title insurer, or a property and casualty insurer that qualifies as a life and health insurer pursuant to NAC 681B.440.

Nev. Admin. Code § 681B.455

Added to NAC by Comm'r of Insurance by R088-97, eff. 3-19-98; A by R132-13, eff. 10-1-2014.

NRS 679B.130, 681B.290