Nevada Administrative Code
Chapter 681B - Insurance: Assets and Liabilities
LIFE INSURANCE: ANNUAL OPINIONS AND SUPPORTING MEMORANDA OF QUALIFIED ACTUARIES
Section 681B.224 - Opinion of qualified actuary submitted by a foreign insurer: Requirements
Current through February 27, 2024
1. The Commissioner may accept the opinion of a qualified actuary submitted by a foreign insurer that is based on the laws and regulations of the state in which the insurer is domiciled if:
2. The Commissioner may reject the opinion of a qualified actuary submitted by a foreign insurer pursuant to subsection 1 or NRS 681B.240 and require the insurer to submit the opinion of a qualified actuary that is based on the laws and regulations of this State.
3. If a foreign insurer required to submit the opinion of a qualified actuary pursuant to subsection 2 is unable to provide the opinion within 60 days after the request, or such other period determined by the Commissioner after consultation with the insurer, the Commissioner may engage an independent actuary at the expense of the insurer to prepare and submit the opinion.
Added to NAC by Comm'r of Insurance by R146-12, eff. 10-4-2013
NRS 679B.130, 681B.110, 681B.210, 681B.220, 681B.240