NAC681B.560. Submission of report on risk-based capital and copy of plan or revised plan for risk-based capital filed in another state.

     1. Upon the written request of the Commissioner, a foreign insurer shall submit to the Commissioner a report of its level of risk-based capital as of the end of the immediately preceding calendar year. The report on risk-based capital must be in such form and contain such information as is required by the instructions relating to risk-based capital, and must be submitted not later than:

     (a) The date on which a domestic insurer must file its report on risk-based capital in this State; or

     (b) Fifteen days after the date on which the foreign insurer receives the request from the Commissioner,

Ê whichever is later.

     2. Upon the written request of the Commissioner, a foreign insurer shall forthwith submit to the Commissioner a copy of any plan or revised plan for risk-based capital that the foreign insurer has filed with the Insurance Commissioner or chief regulatory officer for insurance of any other state in which the foreign insurer is transacting the business of insurance.

     (Added to NAC by Comm’r of Insurance by R088-97, eff. 3-19-98)