NAC694C.270. Prior approval required for change in nature of business; filing of certain changes in application information with Commissioner.  


Latest version.
  •      1. A captive insurer shall not, without the prior approval of the Commissioner, make any material change in the nature of its business from that stated in its plan of operation filed with the Commissioner.

         2. Any change in any other information filed with the application must be filed with the Commissioner as soon as practicable, but does not require the prior approval of the Commissioner to make the change.

     (Added to NAC by Comm’r of Insurance by R125-99, eff. 1-27-2000)