Applicability of chapter 696B of NRS to sponsored captive insurer.
Nev. Rev. Stat. § 694C.155
in effectThe provisions of chapter 696B of NRS apply to a sponsored captive insurer if:
1. The assets of a protected cell are not used to pay any expense or claim other than those that are attributable to the protected cell; and
2. The capital and surplus of the sponsored captive insurer are available at all times to pay any expenses of or claims against the sponsored captive insurer.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-694C.htmlFetched: 10/4/2026