Nev. Rev. Stat. § 694C.110

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 694C.110 - "Parent" defined

"Parent" means a corporation, limited-liability company, partnership, association or other form of business organization that directly or indirectly owns, controls or holds with power to vote more than 50 percent of the outstanding voting securities of:

1. A pure captive insurer organized as a stock corporation; or

2. The membership of a pure captive insurer organized as a nonprofit corporation.

NRS 694C.110

Added to NRS by 1999, 3208; A 2005, 2152

Added to NRS by 1999, 3208; A 2005, 2152