Authorization to apply for license in certain circumstances; license required to transact insurance; penalty.

Nev. Rev. Stat. § 694C.200
in effect
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1. A captive insurer, when authorized by its articles of association, articles of incorporation or charter, may apply to the Commissioner for a license to transact insurance. 2. A captive insurer shall not transact insurance in this State unless the captive insurer first obtains a license from the Commissioner. 3. A person who violates this section is subject to the provisions of, and shall be punished pursuant to, the Unauthorized Insurers Act set forth in NRS 685B.020 to 685B.087 , inclusive.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-694C.htmlFetched: 10/4/2026