NAC681B.320. Exceptions for filing of report.

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An insurer is not required to file a report pursuant to NAC 681B.300 to 681B.335, inclusive, if:

1. For property and casualty business, including accident and health business written by a property and casualty insurer, the total ceded written premium represents, on an annualized basis, less than 10 percent of its total written premiums for direct and assumed business; or

2. For life, annuity and accident and health business, the total reserve credit taken for business ceded represents, on an annualized basis, less than 10 percent of the statutory requirement for reserves before any cession.

(Added to NAC by Comm’r of Insurance, eff. 6-28-96)

                    
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