Nevada § 692C.352 Exemption from risk management and ORSA requirements

Nevada Statutes

§ 692C.352 — Exemption from risk management and ORSA requirements

Nevada § 692C.352

Title 57INSURANCE

Ch. 692CHolding

RISK MANAGEMENT AND OWN RISK AND SOLVENCY ASSESSMENT

This text of Nevada § 692C.352 (Exemption from risk management and ORSA requirements) 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. § 692C.352 (2026).

Text

An insurer is exempt from the requirements of NRS 692C.351 to 692C.3548, inclusive, if:

1.The insurer has annual direct written and unaffiliated assumed premiums, including international direct and assumed premiums, but excluding premiums reinsured with the Federal Crop Insurance Corporation and the National Flood Insurance Program, of less than $500,000,000; and

2.The insurance group of which the insurer is a member has annual direct written and unaffiliated assumed premiums, including international direct and assumed premiums but excluding premiums reinsured with the Federal Crop Insurance Corporation and the National Federal Flood Insurance Program, of less than $1 billion.

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An insurer is exempt from the requirements of NRS 692C.351 to 692C.3548, inclusive, if:
1. The insurer has annual direct written and unaffiliated assumed premiums, including international direct and assumed premiums, but excluding premiums reinsured with the Federal Crop Insurance Corporation and the National Flood Insurance Program, of less than $500,000,000; and
2. The insurance group of which the insurer is a member has annual direct written and unaffiliated assumed premiums, including international direct and assumed premiums but excluding premiums reinsured with the Federal Crop Insurance Corporation and the National Federal Flood Insurance Program, of less than $1 billion.