Nevada Revised Statutes 694C.155 – Applicability of chapter 696B of NRS to sponsored captive insurer
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of NRS to sponsored captive insurer. The provisions of chapter 696B of NRS apply to a sponsored captive insurer if:
Terms Used In Nevada Revised Statutes 694C.155
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
1. The assets of a protected cell are not used to pay any expense or claim other than those that are attributable to the protected cell; and
2. The capital and surplus of the sponsored captive insurer are available at all times to pay any expenses of or claims against the sponsored captive insurer.