1. Every insurer which is authorized to do business in this state and which is a member of an insurance holding company system shall register with the Commissioner, except a foreign insurer subject to disclosure requirements and standards adopted by a statute or regulation in the jurisdiction of its domicile which are substantially similar to […]
Every insurer subject to registration shall file: 1. A registration statement with the Commissioner, on a form and in a format prescribed by the Commissioner, which must contain current information about: (a) The capital structure, general financial condition, ownership and management of the insurer and any person controlling the insurer. (b) The identity of every […]
No information need be disclosed on the registration statement filed pursuant to NRS 692C.270 if such information is not material for the purposes of NRS 692C.260 to 692C.350, inclusive. Unless the Commissioner by rule, regulation or order provides otherwise, sales, purchases, exchanges, loans or extensions of credit, or investments involving one-half of 1 percent or […]
1. Each registered insurer shall keep current the information required to be disclosed in its registration statement by reporting all material changes or additions on forms provided by the Commissioner within 15 days after the end of the month in which it learns of each such change or addition, and not less often than annually, […]
1. The group capital calculation and resulting group capital ratio required under subsection 3 of NRS 692C.290 and the liquidity stress test along with its results and supporting disclosures required under subsection 7 of NRS 692C.290 may be used as regulatory tools for assessing group risks and capital adequacy and group liquidity risks, respectively, and […]
1. When an insurance holding company system has previously filed the annual group capital calculation at least once, the lead state commissioner has the discretion to exempt the ultimate controlling person from filing the annual group capital calculation if the lead state commissioner makes a determination based upon that filing that the insurance holding company […]
1. A non-United States jurisdiction is considered to recognize and accept the group capital calculation if it satisfies the following criteria: (a) With respect to paragraph (d) of subsection 3 of NRS 692C.290: (1) The non-United States jurisdiction recognizes the United States’s state regulatory approach to group supervision and group capital, by providing confirmation by […]
The Commissioner shall terminate the registration of any insurer which demonstrates that it no longer is a member of an insurance holding company system. (Added to NRS by 1973, 1045)
The Commissioner may require or allow two or more affiliated insurers subject to registration hereunder to file a consolidated registration statement or consolidated reports amending their consolidated registration statement or their individual registration statements. (Added to NRS by 1973, 1045)
The Commissioner may allow an insurer which is authorized to do business in this state and which is part of an insurance holding company system to register on behalf of any affiliated insurer which is required to register under NRS 692C.260, and to file all information and material required to be filed under NRS 692C.260 […]
1. Any person may file with the Commissioner: (a) A disclaimer of affiliation with any authorized insurer specified in the disclaimer; or (b) A request for a termination of registration on the basis that the person does not, or will not after taking an action specified in the request for termination, control another person specified […]
The provisions of NRS 692C.260 to 692C.350, inclusive, shall not apply to any insurer, information or transaction if and to the extent that the Commissioner by rule, regulation or order shall exempt the same from the provisions of NRS 692C.260 to 692C.350, inclusive. (Added to NRS by 1973, 1046)
1. The failure to file a registration statement or summary or any amendment thereto, or a report of enterprise risk, required by NRS 692C.260 to 692C.350, inclusive, within the time specified for the filing is a violation of NRS 692C.260 to 692C.350, inclusive. 2. Except as otherwise provided in subsection 3, if an insurer fails, […]
