Nevada § 694C.143 “Sponsor” defined

Nevada Statutes

§ 694C.143 — “Sponsor” defined

Nevada § 694C.143

Title 57INSURANCE

Ch. 694CCaptive

GENERAL PROVISIONS

This text of Nevada § 694C.143 (“Sponsor” defined) 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. § 694C.143 (2026).

Text

“Sponsor” means an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, a captive insurer formed or licensed pursuant to this chapter or a person that:

1.Meets the requirements of subsection 3 of NRS 694C.180 or is approved as a sponsor by the Commissioner; and

2.Is approved by the Commissioner to provide all or part of the capital and surplus required by applicable law and to organize and operate a sponsored captive insurer.

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“Sponsor” means an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, a captive insurer formed or licensed pursuant to this chapter or a person that:
1. Meets the requirements of subsection 3 of NRS 694C.180 or is approved as a sponsor by the Commissioner; and
2. Is approved by the Commissioner to provide all or part of the capital and surplus required by applicable law and to organize and operate a sponsored captive insurer.