Nevada § 693A.365 Assumption of reinsurance: Limitations; application of provisions

Nevada Statutes

§ 693A.365 — Assumption of reinsurance: Limitations; application of provisions

Nevada § 693A.365

Title 57INSURANCE

Ch. 693ACorporate

GENERAL PROVISIONS

This text of Nevada § 693A.365 (Assumption of reinsurance: Limitations; application of 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. § 693A.365 (2026).

Text

1.A domestic property or casualty insurer with less than $3,000,000 in surplus as regards policyholders shall not, without the written approval of the Commissioner, assume reinsurance on any risk that it otherwise is permitted to assume, except if the reinsurance is required by law or regulation.

2.The provisions of this section are applicable to a contract of reinsurance executed or renewed on or after October 1, 1991.

3.The provisions of this section do not invalidate any reinsurance contract between the parties to the contract.

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1. A domestic property or casualty insurer with less than $3,000,000 in surplus as regards policyholders shall not, without the written approval of the Commissioner, assume reinsurance on any risk that it otherwise is permitted to assume, except if the reinsurance is required by law or regulation.
2. The provisions of this section are applicable to a contract of reinsurance executed or renewed on or after October 1, 1991.
3. The provisions of this section do not invalidate any reinsurance contract between the parties to the contract.