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Nevada Revised Statutes Title 57. Insurance § 694C.320. Plan for payment of dividends; regulations

Current as of January 01, 2025 | Updated by Findlaw Staff

The Commissioner may approve an ongoing plan for the payment of dividends or other distributions by a captive insurer if, at the time of each payment or distribution, the retention of capital by the captive insurer is in excess of the amounts required by the Commissioner. The Commissioner shall adopt by regulation:

1. A specific amount that a captive insurer must have in excess capital for the approval of an ongoing plan for the payment of dividends or other distributions; or

2. A formula pursuant to which the specific amount of required excess capital may be calculated.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 694C.320. Plan for payment of dividends; regulations - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-694c-320/

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