Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter681A Kinds of Insurance; Reinsurance |
REINSURANCE TRANSACTIONS |
NAC681A.270. “Grantor” defined.
Latest version.
- “Grantor” means the entity that has established a trust for the sole benefit of the beneficiary. When established in conjunction with a reinsurance agreement, the grantor is the unlicensed, unaccredited assuming insurer.
(Added to NAC by Comm’r of Insurance, eff. 6-28-96)