“Nonadmitted insurer” defined
Known as the Nonadmitted Insurance Law
The act spans §§ 685–685 (41 sections).
(Added to NRS by 2011, 2011; A 2019, 1701)
1. “Nonadmitted insurer” means an insurer not authorized to engage in the business of insurance in this State.
2. The term includes a domestic surplus lines insurer.
3. The term does not include a risk retention group as that term is defined in 15 U.S.C. § 3901(a)(4).
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.