Nevada Administrative Code
Chapter 681B - Insurance: Assets and Liabilities
REPORTS OF MATERIAL TRANSACTIONS
Section 681B.305 - Filing of report

Universal Citation: NV Admin Code 681B.305

Current through December 31, 2024

1. Except as otherwise provided in NAC 681B.320, every insurer domiciled in this State shall file a report with the Commissioner of Insurance disclosing:

(a) Material acquisitions and dispositions of assets;

(b) Material nonrenewals, cancellations or revisions of agreements for ceded reinsurance; and

(c) Material new agreements for ceded reinsurance that affect the in-force life insurance business of the insurer, unless the material acquisitions and dispositions of assets, the material nonrenewals, cancellations or revisions of agreements for ceded reinsurance, or the material new agreements for ceded reinsurance have been submitted to the Commissioner for review, approval or information pursuant to any provision of title 57 of NRS, regulations adopted pursuant to that title or other requirements.

2. The report must be filed within 15 days after the end of the calendar month in which the acquisition, disposition, nonrenewal, cancellation, revision or new agreement occurs.

3. Except as otherwise provided in subsection 4, the insurer shall file a complete copy of the report, including any exhibits or other attachments, with the National Association of Insurance Commissioners at 1100 Walnut Street, Suite 1500, Kansas City, Missouri 64106-2197. The copy of the report must be treated as confidential and is not subject to subpoena as provided in NRS 681B.540.

4. An insurer domiciled in this State that is not licensed or otherwise authorized to transact insurance in another state is not required to comply with the provisions of subsection 3.

Added to NAC by Comm'r of Insurance, eff. 6-28-96; A by R024-02, 5-31-2002; A by R089-17AP, eff. 5/16/2018

NRS 679B.130, 681B.540

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