Nev. Rev. Stat. ch. 681B – Assets and Liabilities | Midpage

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Nevada Revised Statutes

Chapter 681B

Nev. Rev. Stat. ch. 681B

Assets and Liabilities

681B.001Definitions 681B.0023“Accident and health insurance” defined 681B.0025“Applicable company” defined 681B.0027“Appointed actuary” defined 681B.0033“Confidential information” defined 681B.0036“Deposit-type contract” defined 681B.0041“Life insurance” defined 681B.0045“NAIC” defined 681B.0049“Operative date of the Valuation Manual” defined 681B.0052“Policyholder behavior” defined 681B.0055“Principle-based valuation” defined 681B.0059“Qualified actuary” defined 681B.0065“Tail risk” defined 681B.0071“Valuation Manual” defined 681B.010Assets 681B.020Assets not allowed 681B.030Disallowance of asset arranged to deceive; disciplinary action 681B.040Liabilities 681B.050Reserves for losses from casualty insurance; regulations 681B.060Reserve for unearned premiums; exception 681B.070Reserve for unearned premiums for marine and transportation insurance 681B.080Reserves for policies of health insurance 681B.100Contingency reserves for insurance of repayment of debt secured by mortgage 681B.105Valuation of bonds 681B.106Valuation of other securities 681B.108Valuation of property 681B.109Valuation of purchase money mortgages 681B.110Valuation and calculation of reserves; acceptance of valuation by another state or jurisdiction; applicability 681B.120Minimum standards for policies and contracts; applicability 681B.125Interest rates for minimum standard; applicability 681B.130Reserves; modified net premiums; calculations; minimum aggregate reserves; applicability 681B.140Calculation of reserves on higher or lower standards; rate of interest; applicability 681B.145Reserves for plan of life insurance; applicability 681B.150Minimum reserve; applicability 681B.155Regulations regarding standards for valuation for health insurance contracts; applicability 681B.200“Qualified actuary” defined 681B.210Insurer required to submit annual opinion as to computation of reserves and related actuarial items; regulations; applicability 681B.220Insurer required to submit annual opinion as to sufficiency of reserves and related actuarial items; exception; regulations; applicability 681B.230Opinion required to be supported by memorandum; Commissioner authorized to cause independent actuary to review opinion under certain circumstances; regulations; applicability 681B.240Requirements for opinion; applicability 681B.250Liability of qualified actuary; disciplinary action; regulations; applicability 681B.260Confidentiality of documents, material and other information provided by insurer to Commissioner; applicability 681B.300Valuation Manual: Applicability; operative date; notice by Commissioner of operative date; effective date of changes; required content; authority of Commissioner to adopt provisions by regulation to replace missing or noncompliant content; authority of Commissioner to engage actuary; authority of Commissioner to enforce compliance; applicability 681B.310Commissioner authorized to exempt certain policies and contracts from provisions of Valuation Manual; alternate applicable provisions; applicability 681B.320Accident and health insurance policies: Minimum standard of valuation; applicability 681B.330Valuation and calculation of reserves; acceptance of valuation by another state or jurisdiction; applicability 681B.350Opinion of actuary: Requirements; applicability 681B.360Principle-based valuation: Requirements; applicability 681B.370Principle-based valuation: Required reserves; applicability 681B.380Principle-based valuation: Prescribed formulaic reserve component allowed; applicability 681B.400Confidential information 681B.410Confidentiality and privilege of information deemed to be confidential; applicability 681B.420Exceptions to confidentiality; applicability 681B.500Data required to be submitted; applicability 681B.510Commissioner authorized to designate agent to assist in compilation of required data; applicability 681B.540Insurers required to report material acquisition or disposition of assets; regulations; confidentiality 681B.550Insurer required to report its level of risk-based capital; regulations; exemptions