694B.050 - Attorney. - Nevada Statutes

694B.050  Attorney.

      1.  “Attorney,” as used in this chapter, refers to the attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm or corporation.

      2.  The attorney of a foreign reciprocal insurer, which insurer is duly authorized to transact insurance in this State, shall not, by virtue of the discharge of its duties as such attorney with respect to the insurer’s transactions in this State, be thereby deemed to be doing business in this State within the meaning of any laws of this State applying to foreign persons, firms or corporations.

      3.  The subscribers and the attorney-in-fact comprise a reciprocal insurer and a single entity for the purposes of chapter 680B of NRS as to all operations under the insurer’s certificate of authority.

      (Added to NRS by 1971, 1828)