Nevada § 692A.180 Limitation on net retained liability for single risk; waiver of limitation by Commissioner

Nevada Statutes

§ 692A.180 — Limitation on net retained liability for single risk; waiver of limitation by Commissioner

Nevada § 692A.180

Title 57INSURANCE

Ch. 692ATitle

RESERVES, RISKS & PREMIUMS

This text of Nevada § 692A.180 (Limitation on net retained liability for single risk; waiver of limitation by Commissioner) 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. § 692A.180 (2026).

Text

1.The net retained liability of any title insurer for a single risk, whether assumed directly or as reinsurance, may not exceed 50 percent of the sum of the capital, surplus, unearned premium reserve and voluntary reserves less the value assigned to its title plants, all as shown in the most recent report of the insurer which is on file in the Office of the Commissioner.

2.The Commissioner may waive the limitation of this section for a particular risk upon application of the insurer and for good cause shown.

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1. The net retained liability of any title insurer for a single risk, whether assumed directly or as reinsurance, may not exceed 50 percent of the sum of the capital, surplus, unearned premium reserve and voluntary reserves less the value assigned to its title plants, all as shown in the most recent report of the insurer which is on file in the Office of the Commissioner.
2. The Commissioner may waive the limitation of this section for a particular risk upon application of the insurer and for good cause shown.