- 1. The terms and conditions set forth in chapter 696B of NRS pertaining to insurance reorganization, receiverships and injunctions apply to captive insurers incorporated pursuant to this chapter.
- 2. The provisions of NRS 679B.285 pertaining to the confidentiality and disclosure of certain records and information relating to an insurer apply to such records and information relating to a captive insurer incorporated pursuant to this chapter.
- 3. An agency captive insurer, a rental captive insurer and an association captive insurer are subject to those provisions of chapter 686A of NRS which are applicable to insurers.
4. A state-chartered risk retention group is subject to the following:
- (a) The provisions of NRS 681A.250 to 681A.580, inclusive, regarding intermediaries;
- (b) The provisions of NRS 681B.550 regarding risk-based capital;
- (c) The provisions of chapter 683A of NRS regarding managing general agents;
- (d) The provisions of chapter 686A of NRS which are applicable to insurers; and
- (e) The provisions of NRS 693A.110 and any regulations adopted pursuant thereto regarding management and agency contracts of insurers.
(Added to NRS by 1999, 3217; A 2017, 73; 2019, 1709; 2023, 2640)