Nevada Revised Statutes 681A.2125 – Confirmation to Commissioner of compliance by assuming insurer with certain requirements related to minimum capital and surplus and minimum solvency or capital ratio
Current as of: 2022 | Check for updates
|
Other versions
The assuming insurer’s supervisory authority must confirm to the Commissioner on an annual basis, as of the preceding December 31 or at the annual date otherwise statutorily reported to the reciprocal jurisdiction, that the assuming insurer complies with the requirements set forth in subsections 2 and 3 of NRS 681A.211. Nothing in this section precludes an assuming insurer from providing the Commissioner with information on a voluntary basis.
Terms Used In Nevada Revised Statutes 681A.2125
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.