Nevada § 695B.165 Annual statement required to include report of net worth

Nevada Statutes

§ 695B.165 — Annual statement required to include report of net worth

Nevada § 695B.165

Title 57INSURANCE

Ch. 695BNonprofit

CERTIFICATE OF AUTHORITY; REGULATION

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Bluebook

Nev. Rev. Stat. § 695B.165 (2026).

Text

A corporation which has been issued a certificate of authority pursuant to this chapter shall maintain and report on its statement filed with the Commissioner pursuant to NRS 695B.160 a net worth in an amount which is not less than the greater of:

1.One million five hundred thousand dollars;

2.Two percent of the first $150,000,000 earned as revenue from premiums collected in the preceding 12-month period, plus 1 percent of the amount in excess of $150,000,000 earned as revenue from premiums collected in that same period; or

3.The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550 .

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A corporation which has been issued a certificate of authority pursuant to this chapter shall maintain and report on its statement filed with the Commissioner pursuant to NRS 695B.160 a net worth in an amount which is not less than the greater of:
1. One million five hundred thousand dollars;
2. Two percent of the first $150,000,000 earned as revenue from premiums collected in the preceding 12-month period, plus 1 percent of the amount in excess of $150,000,000 earned as revenue from premiums collected in that same period; or
3. The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550 .