NAC681A.100. Manager for reinsurance: Satisfaction of requirements by nonresident intermediary.

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A manager for reinsurance licensed as a nonresident intermediary may satisfy the requirements of NAC 681A.080 and 681A.090 by providing evidence that the bonds and insurance policy required pursuant to those sections are filed with the appropriate regulatory officer of the state in which the intermediary is domiciled. The bonds and insurance policy must be issued by an insurer authorized under title 57 of NRS and in amounts required pursuant to NAC 681A.080 and 681A.090.

(Added to NAC by Comm’r of Insurance, eff. 3-20-96)

                    
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