Nevada Administrative Code
Chapter 683A - Persons Involved in Sale or Administration of Insurance
MANAGING GENERAL AGENTS
Section 683A.450 - Definitions
Universal Citation: NV Admin Code 683A.450
Current through December 31, 2024
As used in NAC 683A.450 to 683A.560, inclusive, unless the context otherwise requires:
1. "Actuary" means a person who is a member in good standing of the American Academy of Actuaries.
2. "Insurer" means a person who holds a certificate of authority in this State pursuant to NRS 680A.060.
3. "Managing general agent" has the meaning ascribed to it in NRS 683A.060, as amended by section 24 of Assembly Bill No. 83, chapter 376, Statutes of Nevada 2017, at page 2336.
4. "Underwrite" means the authority to assume or reject risks on behalf of the insurer.
Added to NAC by Comm'r of Insurance, eff. 9-19-90; A by R172-01, 7-5-2002; A by R089-17AP, eff. 5/16/2018
NRS 679B.130
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