Nev. Rev. Stat. § 681A.1556

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 681A.1556 - Certified reinsurer: Applicant certified in certain jurisdictions may be deemed by Commissioner to be certified in Nevada

If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction, the Commissioner has the discretion to defer to that jurisdiction's certification, and has the discretion to defer to the rating assigned by that jurisdiction, and such assuming insurer shall be considered to be certified in this State.

NRS 681A.1556

Added to NRS by 2015, 3384

Added by 2015, Ch. 522,§9, eff. 7/1/2015.