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NRS 695E.160

Submission of financial statement, examinations, audits and other information

(Added to NRS by 1987, 1331)

A risk retention group transacting insurance in this state shall submit to the Commissioner:

1. A copy of the group’s financial statement submitted to its state of domicile, which must be certified by an independent public accountant and contain a statement of opinion on its reserves for loss and expenses of loss adjustment made by a member of the American Academy of Actuaries or another qualified specialist in reserves for loss;

2. A copy of each examination of the risk retention group, certified by the Commissioner or other public officer conducting the examination;

3. Upon the request of the Commissioner, a copy of any audit performed with respect to the risk retention group; and

4. Such other information as the Commissioner requires to verify its continuing qualification as a risk retention group.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.