Captive Insurers

  1. Law
  2. Nevada Revised Statutes
  3. Captive Insurers

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Section
694C.010

Definitions.

Section
694C.020

"Affiliated company" defined.

Section
694C.030

"Agency captive insurer" defined.

Section
694C.035

"Alien captive insurer" defined.

Section
694C.040

"Association" defined.

Section
694C.050

"Association captive insurer" defined.

Section
694C.053

"Branch business" defined.

Section
694C.055

"Branch captive insurer" defined.

Section
694C.057

"Branch operations" defined.

Section
694C.060

"Captive insurer" defined.

Section
694C.070

"Commissioner" defined.

Section
694C.075

"Controlled unaffiliated business" defined.

Section
694C.080

"Division" defined.

Section
694C.085

"Dormant captive insurer" defined.

Section
694C.090

"Member organization" defined.

Section
694C.100

"Mutual insurer" defined.

Section
694C.110

"Parent" defined.

Section
694C.113

"Participant" defined.

Section
694C.115

"Participant contract" defined.

Section
694C.117

"Protected cell" defined.

Section
694C.120

"Pure captive insurer" defined.

Section
694C.130

"Reciprocal insurer" defined.

Section
694C.140

"Rental captive insurer" defined.

Section
694C.141

"Risk retention group" defined.

Section
694C.143

"Sponsor" defined.

Section
694C.147

"Sponsored captive insurer" defined.

Section
694C.149

State-chartered risk retention group" defined.

Section
694C.150

"Stock insurer" defined.

Section
694C.155

Applicability of chapter 696B of NRS to sponsored captive insurer.

Section
694C.160

Applicability of other provisions.

Section
694C.170

Regulations.

Section
694C.180

Formation of captive insurer.

Section
694C.190

Name.

Section
694C.195

Formation of sponsored captive insurer.

Section
694C.200

Authorization to apply for license in certain circumstances; license required to transact insurance; penalty.

Section
694C.210

Application: Requirement; contents.

Section
694C.215

Sponsored captive insurer required to file certain information with Commissioner.

Section
694C.220

Fees for application; Commissioner authorized to retain professional services; cost of services.

Section
694C.230

Issuance of license; annual renewal; fees.

Section
694C.240

Insurer to include business plan with application for issuance and renewal of license; updates to business plan.

Section
694C.250

Capital required: Amount; form; Commissioner authorized to prescribe additional requirements; letter of credit; use of surplus note.

Section
694C.259

Certificate of dormancy: Application; powers and duties of certificate holder; renewal; surrender; revocation; regulations.

Section
694C.270

Suspension or revocation of license: Grounds; hearings.

Section
694C.300

Authorized and prohibited types of insurance.

Section
694C.310

Meetings of board of directors; additional requirements to transact insurance.

Section
694C.320

Plan for payment of dividends; regulations.

Section
694C.330

Payment of dividends and extraordinary dividends.

Section
694C.340

Compliance with requirements relating to investments; loan to parent or affiliated company in certain circumstances.

Section
694C.350

Reinsurance; credit for reserves on risks or portions of risks in certain circumstances; plan for workers’ compensation deemed reinsurance in certain circumstances.

Section
694C.360

Use of insurance of captive insurer to satisfy requirements relating to insurance on vehicles subject to Nevada Transportation Authority or Taxicab Authority prohibited; exception.

Section
694C.370

Insurer not required to join rating organization.

Section
694C.380

Insurer prohibited from joining or contributing to assigned risk pool or insurance insolvency guaranty fund.

Section
694C.382

Combining assets for investment.

Section
694C.384

Security for branch operations.

Section
694C.386

Alien captive insurer; issuance of certificate; registration.

Section
694C.388

Reports and statements of alien captive insurer.

Section
694C.389

State-chartered risk retention group: Requirements.

Section
694C.390

State-chartered risk retention group: Required filings.

Section
694C.392

State-chartered risk retention group: Board of directors; audit committee.

Section
694C.400

Submission of annual report of financial condition and audit to Commissioner; regulations designating form; alternative date to file annual report; penalties for failing to comply or making false statement.

Section
694C.410

Examination by Commissioner; Commissioner authorized to obtain professional services; cost of examination.

Section
694C.415

Examinations: Branch captive insurer; alien captive insurer.

Section
694C.450

Taxes on premiums; deposit of portion of taxes in Account for Regulation and Supervision of Captive Insurers; deposit of remainder of taxes in State General Fund.

Section
694C.455

Tax on premiums of branch captive insurer.

Section
694C.460

Account for Regulation and Supervision of Captive Insurers: Creation; deposits; transfers to agency for economic development; administrative expenses; transfers to State General Fund; warrants by State Controller on receipts to Account.