Nevada § 685A.072 Domestic surplus lines insurer: Designation; authority; requirements for broker who places surplus lines insurance with insurer; applicability of other provisions

Nevada Statutes

§ 685A.072 — Domestic surplus lines insurer: Designation; authority; requirements for broker who places surplus lines insurance with insurer; applicability of other provisions

Nevada § 685A.072

Title 57INSURANCE

Ch. 685ANonadmitted

This text of Nevada § 685A.072 (Domestic surplus lines insurer: Designation; authority; requirements for broker who places surplus lines insurance with insurer; applicability of other provisions) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 685A.072 (2026).

Text

1. An insurer which is domiciled in this State may be designated as a domestic surplus lines insurer by the Commissioner if:

(a)The insurer possesses capital and surplus of not less than $15,000,000; or

(b)The Commissioner makes an affirmative finding of acceptability pursuant to subsection 3 of NRS 685A.070 . 2. A designation by the Commissioner of an insurer as a domestic surplus lines insurer must be in writing. 3. A domestic surplus lines insurer may accept surplus lines insurance in any jurisdiction in which it is eligible. 4. A broker who places surplus lines insurance with a domestic surplus lines insurer shall comply with:

(a)The provisions of NRS 685A.175 and 685A.180 ; and

(b)All other provisions of this chapter which apply to the export of nonadmitted insurance for an insure

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1. An insurer which is domiciled in this State may be designated as a domestic surplus lines insurer by the Commissioner if:
(a) The insurer possesses capital and surplus of not less than $15,000,000; or
(b) The Commissioner makes an affirmative finding of acceptability pursuant to subsection 3 of NRS 685A.070 .
2. A designation by the Commissioner of an insurer as a domestic surplus lines insurer must be in writing.
3. A domestic surplus lines insurer may accept surplus lines insurance in any jurisdiction in which it is eligible.
4. A broker who places surplus lines insurance with a domestic surplus lines insurer shall comply with:
(a) The provisions of NRS 685A.175 and 685A.180 ; and
(b) All other provisions of this chapter which apply to the export of nonadmitted insurance for an insured for which this State is the home state.
5. Except as otherwise provided by specific statute, the provisions of this Code regarding financial and solvency requirements apply to a domestic surplus lines insurer.
6. The provisions of chapter 686C and 687A of NRS do not apply to a domestic surplus lines insurer.