1. The terms and conditions set forth in chapter 696B of NRS pertaining to insurance reorganization, receiverships and injunctions apply to captive insurers incorporated pursuant to this chapter. 2. The provisions of NRS 679B.285 pertaining to the confidentiality and disclosure of certain records and information relating to an insurer apply to such records and information relating to a captive insurer incorporated pursuant to this chapter. 3. An agency captive insurer, a rental captive insurer and an association captive insurer are subject to those provisions of chapter 686A of NRS which are applicable to insurers. 4. A state-chartered risk retention group is subject to the following: (a) The provisions of NRS 681A.250 to 681A.580, inclusive, regarding intermediaries; (b) The provisions of NRS 681B.550 regarding risk-based capital; (c) The provisions of chapter 683A of NRS regarding managing general agents; (d) The provisions of chapter 686A of NRS which are applicable to insurers; and (e) The provisions of NRS 693A.110 and any regulations adopted pursuant thereto regarding management and agency contracts of insurers. (Added to NRS by 1999, 3217; A 2017, 73; 2019, 1709; 2023, 2640)
Nevada Legal Code