Transfer of insurer’s domicile: Termination of status as domestic insurer; qualification as foreign insurer.

  1. Law
  2. Nevada Revised Statutes
  3. Authorization of Insurers and General Requirements
  4. Transfer of insurer’s domicile: Termination of status as domestic insurer; qualification as foreign insurer.

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1. If a domestic insurer transfers its domicile to another state, it ceases to be a domestic insurer.

2. The Commissioner shall issue to such an insurer a certificate of authority to transact insurance as a foreign insurer if:

(a) The insurer qualifies as a foreign insurer; and

(b) Such certification is in the best interest of the policyholders of this state.

(Added to NRS by 1983, 683)


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