Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries. Such subsidiaries may conduct any kind of business or businesses and their authority to do so shall not be limited by reason of the fact that they are subsidiaries of a domestic insurer.
NRS 692C.130
Organization and acquisition of subsidiaries authorized
Known as the Insurance Holding Company Law
The act spans §§ 692–692 (107 sections).
(Added to NRS by 1973, 1038)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.