A purchasing group that intends to conduct business in this state shall register with the Commissioner and: 1. Furnish notice to the Commissioner that: (a) Identifies the state in which the group is domiciled; (b) Specifies the lines and classifications of liability insurance that the purchasing group intends to purchase; (c) Identifies the insurer from […]
A purchasing group shall notify the Commissioner of any change in any of the information required pursuant to subsection 1 of NRS 695E.120, within 10 days after the information ceases to be accurate. (Added to NRS by 1995, 1780)
1. Except as otherwise provided in chapter 685A of NRS, a purchasing group shall not purchase insurance from an unauthorized insurer or a risk retention group that is not chartered or registered in this state. 2. A purchasing group is exempt from any law of this state that relates to the formation or prohibition of […]
All premiums paid by a purchasing group or any member of the purchasing group for insurance on risks resident, located or to be performed in this state are subject to the payment of premium taxes and any related fines or penalties pursuant to chapters 680A, 680B and 685A of NRS. To the extent that premiums […]
