Automatic agreement defined.
Nev. Rev. Stat. § 681A.270
in effectAutomatic agreement means an agreement between a reinsured and reinsurer whereby the ceding company is obligated to cede certain risks as provided in the agreement and the reinsurer is obligated to accept.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-681A.htmlFetched: 10/4/2026
