694C.075 - “Controlled unaffiliated business” defined. - Nevada Statutes

694C.075  “Controlled unaffiliated business” defined.  “Controlled unaffiliated business” means any company:

      1.  That is not in the corporate system of a parent and affiliated companies;

      2.  That has an existing contractual relationship with a parent or affiliated company; and

      3.  Whose risks are managed by a captive insurer pursuant to this chapter.

      (Added to NRS by 2005, 2147)