Nevada § 695E.160 Submission of financial statement, examinations, audits and other information

Nevada Statutes

§ 695E.160 — Submission of financial statement, examinations, audits and other information

Nevada § 695E.160

Title 57INSURANCE

Ch. 695ELiability

RISK RETENTION GROUPS

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Bluebook

Nev. Rev. Stat. § 695E.160 (2026).

Text

A risk retention group transacting insurance in this state shall submit to the Commissioner:

1.A copy of the group’s financial statement submitted to its state of domicile, which must be certified by an independent public accountant and contain a statement of opinion on its reserves for loss and expenses of loss adjustment made by a member of the American Academy of Actuaries or another qualified specialist in reserves for loss;

2.A copy of each examination of the risk retention group, certified by the Commissioner or other public officer conducting the examination;

3.Upon the request of the Commissioner, a copy of any audit performed with respect to the risk retention group; and

4.Such other information as the Commissioner requires to verify its continuing qualification as a risk rete

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A risk retention group transacting insurance in this state shall submit to the Commissioner:
1. A copy of the group’s financial statement submitted to its state of domicile, which must be certified by an independent public accountant and contain a statement of opinion on its reserves for loss and expenses of loss adjustment made by a member of the American Academy of Actuaries or another qualified specialist in reserves for loss;
2. A copy of each examination of the risk retention group, certified by the Commissioner or other public officer conducting the examination;
3. Upon the request of the Commissioner, a copy of any audit performed with respect to the risk retention group; and
4. Such other information as the Commissioner requires to verify its continuing qualification as a risk retention group.