NAC693A.660. “Controlled insurer” defined.

Latest version.

“Controlled insurer” means a licensed insurer which is domiciled in this State or an insurer which is domiciled in a state that is not an accredited state and which is controlled by a broker. The term does not include:

     1. Risk retention groups covered by 15 U.S.C. § 3902, 42 U.S.C. § 9673 and chapter 695E of NRS;

     2. Residual market pools;

     3. Joint underwriting authorities or associations; and

     4. Captive insurers.

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

                    
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