694C.035 - “Alien captive insurer” defined. - Nevada Statutes

694C.035  “Alien captive insurer” defined.  “Alien captive insurer” means any insurer that is formed to write insurance business for its parents and affiliates and is licensed pursuant to the laws of an alien jurisdiction which imposes statutory or regulatory standards acceptable to the Commissioner on companies transacting the business of insurance in such jurisdiction.

      (Added to NRS by 2005, 2147)