Nevada Revised Statutes 694C.035 – ‘Alien captive insurer’ defined
Current as of: 2023 | Check for updates
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‘Alien captive insurer’ means any insurer that is formed to write insurance business for its parents and affiliates and is licensed pursuant to the laws of an alien jurisdiction which imposes statutory or regulatory standards acceptable to the Commissioner on companies transacting the business of insurance in such jurisdiction.
Terms Used In Nevada Revised Statutes 694C.035
- 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.