694C.230 - Issuance of license; annual renewal; fees. - Nevada Statutes

694C.230  Issuance of license; annual renewal; fees.

      1.  If the Commissioner determines that the documents and statements filed by the captive insurer satisfy the requirements for licensure, the Commissioner shall issue a license to the captive insurer. The license may be renewed annually upon the satisfaction of all requirements imposed by the Commissioner and payment of all applicable renewal fees.

      2.  A captive insurer must pay a fee of $300 for the issuance of a license and, on or before March 1 of each year, an annual fee of $300 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110 for the renewal of a license.

      (Added to NRS by 1999, 3210; A 2005, 2153; 2009, 1814)