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Nevada Chapter 681A — Kinds of Insurance; Limits on Risk; Reinsurance

86 sections hosted, reproduced from the official public-domain source.

  • NRS 681A.010— Definitions; nonexclusive application
  • NRS 681A.020— “Casualty insurance” defined
  • NRS 681A.022— “Continuous care coverage” defined
  • NRS 681A.024— “Covered agreement” defined
  • NRS 681A.030— “Health insurance” defined
  • NRS 681A.040— “Life insurance” defined
  • NRS 681A.050— “Marine and transportation” and “wet marine and transportation” insurance defined
  • NRS 681A.055— “NAIC” defined
  • NRS 681A.060— “Property insurance” defined
  • NRS 681A.062— “Reciprocal jurisdiction” defined
  • NRS 681A.068— “Solvent scheme of arrangement” defined
  • NRS 681A.070— “Surety insurance” defined
  • NRS 681A.080— “Title insurance” defined
  • NRS 681A.090— Multiple line insurers
  • NRS 681A.095— Insurance against legal liability for exemplary or punitive damages
  • NRS 681A.100— Amount of risk that insurer may retain; method for determining risk; applicability
  • NRS 681A.110— Reinsurance authorized for all or part of risk; requirements for reinsurance with unauthorized insurer
  • NRS 681A.120— Cancellation or material changes in treaties or arrangements for reinsurance: Written notice to Commissioner by insurer required
  • NRS 681A.130— Regulations
  • NRS 681A.140— “Qualified financial institution in the United States” defined
  • NRS 681A.145— Regulations governing arrangements for reinsurance relating to life and health insurance and annuity products
  • NRS 681A.150— Requirements for taking certain credit
  • NRS 681A.155— Reinsurance ceded to assuming certified reinsurer
  • NRS 681A.160— Reinsurance ceded to assuming accredited reinsurer in Nevada; suspension or revocation of accreditation or certification of reinsurer
  • NRS 681A.170— Reinsurance ceded to assuming alien insurer
  • NRS 681A.180— Reinsurance ceded to assuming insurer which maintains trust fund for payment of valid claims
  • NRS 681A.190— Reinsurance ceded to group of incorporated insurers under common administration
  • NRS 681A.200— Requirements for establishment or amendment of certain trusts
  • NRS 681A.210— Requirements when assuming insurer is not licensed or accredited to transact insurance or reinsurance in this State
  • NRS 681A.211— Credit for reinsurance ceded by domestic insurer to assuming insurer: Requirements for allowance
  • NRS 681A.212— Practice of prompt payment of claims required to be maintained by assuming insurer; criteria evidencing lack of prompt payment
  • NRS 681A.213— List of reciprocal jurisdictions
  • NRS 681A.214— Revocation or suspension of eligibility of assuming insurer; effect on credit
  • NRS 681A.216— Limitations on agreements regarding security or other terms
  • NRS 681A.217— Conditions under which credit allowed when assuming insurer does not meet certain requirements
  • NRS 681A.220— Limitation on credit allowed when assuming insurer does not meet certain requirements
  • NRS 681A.230— Ceding insurer to be allowed credit if reinsurance lawfully ceded to qualified assuming insurer; domiciliary liquidator of insolvent ceding insurer to give notice to assuming insurer of any claim against ceding insurer
  • NRS 681A.235— Management of concentration risk by ceding insurer
  • NRS 681A.240— Requirements for reduction from liability when assuming insurer does not meet certain requirements concerning risk-based capital
  • NRS 681A.250— Definitions
  • NRS 681A.260— “Actuary” defined
  • NRS 681A.270— “Automatic agreement” defined
  • NRS 681A.280— “Broker for reinsurance” defined
  • NRS 681A.290— “Cede” defined
  • NRS 681A.300— “Cession” defined
  • NRS 681A.310— “Controlling person” defined
  • NRS 681A.320— “Facultative” defined
  • NRS 681A.330— “Intermediary” defined
  • NRS 681A.340— “Licensed producer” defined
  • NRS 681A.350— “Manager for reinsurance” defined
  • NRS 681A.360— “Reinsured” defined
  • NRS 681A.370— “Reinsurer” defined
  • NRS 681A.380— “Retrocession” defined
  • NRS 681A.390— “Retrocessionaire” defined
  • NRS 681A.400— “Syndicate” defined
  • NRS 681A.410— “Violation” defined
  • NRS 681A.420— Limitations and requirements
  • NRS 681A.430— License to act as intermediary
  • NRS 681A.440— Circumstances under which Commissioner is authorized to refuse to issue license
  • NRS 681A.450— Licensed attorney acting as intermediary
  • NRS 681A.460— Brokers: Transactions with insurer; termination; duties
  • NRS 681A.470— Brokers: Maintenance of records of transactions; access to accounts and records by insurer
  • NRS 681A.480— Brokers: Conditions for employment; annual statement of financial condition
  • NRS 681A.490— Managers: Transactions with reinsurer; termination; duties
  • NRS 681A.500— Managers: Compliance with certain standards established by insurer; required provisions in contract; relationship with reinsurer
  • NRS 681A.510— Managers: Requirements for settlement of claims; ownership of claims files; termination of authority to settle claims
  • NRS 681A.520— Managers: Sharing of interim profits
  • NRS 681A.530— Managers: Maintenance of records of transactions; access to accounts and records by reinsurer
  • NRS 681A.540— Managers: Prohibited acts
  • NRS 681A.550— Managers: Conditions for employment; annual statement of financial condition; reserves for losses; retrocessional contracts; notice of termination; prohibition against serving on board of directors of reinsurer
  • NRS 681A.560— Examination of intermediary by Commissioner
  • NRS 681A.570— Actions that may be taken against intermediary who fails to comply with laws
  • NRS 681A.580— Rights of relevant parties not limited or expanded
  • NRS 681A.1551— Certified reinsurer: Eligibility
  • NRS 681A.1552— Certified reinsurer: Additional eligibility requirements for associations
  • NRS 681A.1553— Certified reinsurer: Qualified jurisdictions
  • NRS 681A.1554— Certified reinsurer: Ratings by Commissioner; publication of ratings; regulations
  • NRS 681A.1555— Certified reinsurer: Required security
  • NRS 681A.1556— Certified reinsurer: Applicant certified in certain jurisdictions may be deemed by Commissioner to be certified in Nevada
  • NRS 681A.1557— Certified reinsurer: Inactive status
  • NRS 681A.2115— Documentation required to be provided by assuming insurer
  • NRS 681A.2125— Confirmation to Commissioner of compliance by assuming insurer with certain requirements related to minimum capital and surplus and minimum solvency or capital ratio
  • NRS 681A.2135— List of assuming insurers to which cessions are required to be granted credit
  • NRS 681A.2145— Procedure for denying statement credit or imposing requirement to post security
  • NRS 681A.2155— Order for assuming insurer to post security during rehabilitation, liquidation or conservation
  • NRS 681A.2165— Applicability of certain provisions