Nev. Rev. Stat. § 692C.055
“Enterprise risk” defined
Nevada · Nevada Revised Statutes Chapter 692C — Holding Companies · Status: effective
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- Nev. Rev. Stat. § 692C.055, “Enterprise risk” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2148956
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“Enterprise risk” means any activity, circumstance, event or series of events involving one or more affiliates of an insurer that, if not remedied promptly, is likely to have a material adverse effect on the financial condition or liquidity of the insurer or its insurance holding company system as a whole, including, without limitation, any activity, circumstance, event or series of events that may cause:
1. The risk-based capital of the insurer to fall below the minimum amount of risk-based capital required by regulations adopted pursuant to NRS 681B.290; or
2. The insurer to be in a hazardous financial condition as set forth in regulations adopted pursuant to NRS 680A.205.