Nev. Rev. Stat. § 680A.175

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

Section 680A.175 - Transfer of insurer's domicile: Termination of status as domestic insurer; qualification as foreign insurer

1. If a domestic insurer transfers its domicile to another state, it ceases to be a domestic insurer.

2. The Commissioner shall issue to such an insurer a certificate of authority to transact insurance as a foreign insurer if:

(a) The insurer qualifies as a foreign insurer; and

(b) Such certification is in the best interest of the policyholders of this state.

NRS 680A.175

Added to NRS by 1983, 683