yourstate.us
Home / Nevada / Kinds of Insurance; Limits on Risk; Reinsurance
Nev. Rev. Stat. § 681A.1557

Certified reinsurer: Inactive status

Nevada · Nevada Revised Statutes Chapter 681A — Kinds of Insurance; Limits on Risk; Reinsurance · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Nev. Rev. Stat. § 681A.1557, Certified reinsurer: Inactive status, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2145471
Permanent ID
ys:prov:2145471@1
SHA-256
1fbcbbc8dbff3e121a5a822a28ac989933c801c48b5e6bdad8a81184bed6356e

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

A certified reinsurer that ceases to assume new business in this State may request to maintain its certification in inactive status to continue to qualify for a reduction in security for its in-force business. An inactive certified reinsurer must continue to comply with all applicable requirements of NRS 681A.150 to 681A.190, inclusive, and the Commissioner shall assign a rating that takes into account, if relevant, the reasons why the reinsurer is not assuming new business.