In addition to other aspects of insurance operations to which provisions of this Code by their terms apply, "transact" with respect to a business of insurance includes any of the following, by mail or otherwise or whether or not for the purpose of profit:
1. Solicitation or inducement.
2. Negotiations.
3. Effectuation of a contract of insurance.
4. Transaction of matters subsequent to effectuation and arising out of such a contract.
(Added to NRS by 1971, 1559)