Nev. Rev. Stat. § 695B.165

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 695B.165 - Annual statement required to include report of net worth

A corporation which has been issued a certificate of authority pursuant to this chapter shall maintain and report on its statement filed with the Commissioner pursuant to NRS 695B.160 a net worth in an amount which is not less than the greater of:

1. One million five hundred thousand dollars;
2. Two percent of the first $150,000,000 earned as revenue from premiums collected in the preceding 12-month period, plus 1 percent of the amount in excess of $150,000,000 earned as revenue from premiums collected in that same period; or
3. The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550.

NRS 695B.165

Added to NRS by 2019, 1716
Added by 2019, Ch. 295,§52, eff. 10/1/2019.